A new trading day began on May 19, 2023, with Eaton Corporation plc (NYSE: ETN) stock priced at $175.57, down -0.26% from the previous day of trading. During the day, the shares moved up to $177.49 and dropped to $172.08 before settling in for the closing price of $174.61. ETN’s price has ranged from $122.50 to $178.75 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Industrials sector company grew by 0.30% over the past five years. Meanwhile, its annual earnings per share averaged 15.10%. With a float of $396.20 million, this company’s outstanding shares have now reached $398.50 million.
Let’s look at the performance matrix of the company that is accounted for 92000 employees. In terms of profitability, gross margin is +33.28, operating margin of +15.62, and the pretax margin is +14.03.
Eaton Corporation plc (ETN) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Specialty Industrial Machinery Industry. The insider ownership of Eaton Corporation plc is 0.20%, while institutional ownership is 85.10%. The most recent insider transaction that took place on May 18, was worth 4,100,199. In this transaction See Remarks below. of this company sold 23,964 shares at a rate of $171.10, taking the stock ownership to the 7,367 shares. Before that another transaction happened on Mar 09, when Company’s insider below. sold 2,500 for $178.26, making the entire transaction worth $445,650. This insider now owns 68,814 shares in total.
Eaton Corporation plc (ETN) Latest Financial update
This company achieved a net margin of +11.86 while generating a return on equity of 14.71. Wall Street market experts anticipate that the next fiscal year will bring earnings of 5.80 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 15.10% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.51% during the next five years compared to -1.20% drop over the previous five years of trading.
Eaton Corporation plc (NYSE: ETN) Trading Performance Indicators
Here are Eaton Corporation plc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.25. Likewise, its price to free cash flow for the trailing twelve months is 76.99.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.41, a number that is poised to hit 2.10 in the next quarter and is forecasted to reach 9.32 in one year’s time.
Technical Analysis of Eaton Corporation plc (ETN)
Eaton Corporation plc (NYSE: ETN) saw its 5-day average volume 1.97 million, a positive change from its year-to-date volume of 1.96 million. As of the previous 9 days, the stock’s Stochastic %D was 83.96%. Additionally, its Average True Range was 3.99.
During the past 100 days, Eaton Corporation plc’s (ETN) raw stochastic average was set at 83.51%, which indicates a significant increase from 72.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.10% in the past 14 days, which was lower than the 26.70% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $166.06, while its 200-day Moving Average is $157.42. Nevertheless, the first resistance level for the watch stands at $177.07 in the near term. At $179.98, the stock is likely to face the second major resistance level. The third major resistance level sits at $182.48. If the price goes on to break the first support level at $171.66, it is likely to go to the next support level at $169.16. The third support level lies at $166.25 if the price breaches the second support level.
Eaton Corporation plc (NYSE: ETN) Key Stats
With a market capitalization of 69.60 billion, the company has a total of 398,600K Shares Outstanding. Currently, annual sales are 20,752 M while annual income is 2,461 M. The company’s previous quarter sales were 5,483 M while its latest quarter income was 638,000 K.
