A new trading day began on Monday, with Eaton Corporation plc (NYSE: ETN) stock price up 0.30% from the previous day of trading, before settling in for the closing price of $344.49. ETN’s price has ranged from $193.77 to $349.74 over the past 52 weeks.
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During the last 5-year period, the sales growth of Industrials Sector giant was 1.98%. Meanwhile, its annual earnings per share averaged 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) Breakdown of a Key Holders of the stock
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 0.22%, while institutional ownership is 83.50%. 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) Recent Fiscal highlights
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 2.47 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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 12.60% 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
Here are Eaton Corporation plc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.07. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.70. Likewise, its price to free cash flow for the trailing twelve months is 45.56.
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 1.61 million, which is a drop from its year-to-date volume of 2.1 million. As of the previous 9 days, the stock’s Stochastic %D was 61.83%. Additionally, its Average True Range was 5.99.
During the past 100 days, Eaton Corporation plc’s (ETN) raw stochastic average was set at 95.50%, which indicates a significant increase from 75.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.48% in the past 14 days, which was lower than the 32.53% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $319.68, while its 200-day Moving Average is $307.31. However, in the short run, Eaton Corporation plc’s stock first resistance to watch stands at $347.72. Second resistance stands at $349.92. The third major resistance level sits at $351.23. If the price goes on to break the first support level at $344.21, it is likely to go to the next support level at $342.90. Now, if the price goes above the second support level, the third support stands at $340.70.
Eaton Corporation plc (NYSE: ETN) Key Stats
With a market capitalization of 137.55 billion, the company has a total of 399,800K Shares Outstanding. Currently, annual sales are 23,196 M while annual income is 3,218 M. The company’s previous quarter sales were 6,350 M while its latest quarter income was 993,000 K.
