Eaton Corporation plc (NYSE: ETN) on Friday, plunged -0.09% from the previous trading day, before settling in for the closing price of $348.49. Within the past 52 weeks, ETN’s price has moved between $191.82 and $349.74.
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During the last 5-year period, the sales growth of Industrials Sector giant was 1.98%. The company achieved an average annual earnings per share of 17.69%. With a float of $397.22 million, this company’s outstanding shares have now reached $399.40 million.
Let’s determine the extent of company efficiency that accounts for 94000 employees. In terms of profitability, gross margin is 37.97%, operating margin of 18.12%, and the pretax margin is 18.07%.
Eaton Corporation plc (ETN) Insider Activity
Observing investor behavior towards Specialty Industrial Machinery industry stocks is more important than anything else. The insider ownership of Eaton Corporation plc is 0.22%, while institutional ownership is 83.62%. The most recent insider transaction that took place on Sep 03 ’24, was worth 662,162. In this transaction Director of this company bought 2,205 shares at a rate of $300.30, taking the stock ownership to the 2,205 shares. Before that another transaction happened on Sep 03 ’24, when Company’s Director sold 2,205 for $300.14, making the entire transaction worth $661,809. This insider now owns 798 shares in total.
Eaton Corporation plc (ETN) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 2.47 earnings per share (EPS) for the period topping the consensus outlook (set at 2.34) by 0.13. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.81 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 17.69% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.20% during the next five years compared to 10.32% growth over the previous five years of trading.
Eaton Corporation plc (NYSE: ETN) Trading Performance Indicators
Eaton Corporation plc (ETN) is currently performing well based on its current performance indicators. A quick ratio of 1.07 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.74. Likewise, its price to free cash flow for the trailing twelve months is 45.91.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 9.09, a number that is poised to hit 2.80 in the next quarter and is forecasted to reach 12.05 in one year’s time.
Technical Analysis of Eaton Corporation plc (ETN)
Looking closely at Eaton Corporation plc (NYSE: ETN), its last 5-days average volume was 1.29 million, which is a drop from its year-to-date volume of 2.11 million. As of the previous 9 days, the stock’s Stochastic %D was 83.92%. Additionally, its Average True Range was 6.43.
During the past 100 days, Eaton Corporation plc’s (ETN) raw stochastic average was set at 98.34%, which indicates a significant increase from 93.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.76% in the past 14 days, which was lower than the 33.47% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $313.72, while its 200-day Moving Average is $304.12. However, in the short run, Eaton Corporation plc’s stock first resistance to watch stands at $350.16. Second resistance stands at $352.15. The third major resistance level sits at $354.60. If the price goes on to break the first support level at $345.73, it is likely to go to the next support level at $343.28. Should the price break the second support level, the third support level stands at $341.30.
Eaton Corporation plc (NYSE: ETN) Key Stats
Market capitalization of the company is 138.61 billion based on 399,800K outstanding shares. Right now, sales total 23,196 M and income totals 3,218 M. The company made 6,350 M in profit during its latest quarter, and 993,000 K in sales during its previous quarter.
