A new trading day began on Monday, with Eaton Corporation plc (NYSE: ETN) stock price down -1.16% from the previous day of trading, before settling in for the closing price of $335.00. ETN’s price has ranged from $211.99 to $349.74 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 1.98%. Meanwhile, its annual earnings per share averaged 17.95%. With a float of $394.33 million, this company’s outstanding shares have now reached $399.40 million.
Considering the fact that the conglomerate employs 94000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 38.7%, operating margin of 18.28%, and the pretax margin is 18.24%.
Eaton Corporation plc (ETN) Insider Activity
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 84.21%. The most recent insider transaction that took place on Nov 01 ’24, was worth 1,341,208. In this transaction Director of this company sold 4,000 shares at a rate of $335.30, taking the stock ownership to the 51,422 shares. Before that another transaction happened on Sep 03 ’24, when Company’s Director bought 2,205 for $300.30, making the entire transaction worth $662,162. This insider now owns 2,205 shares in total.
Eaton Corporation plc (ETN) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 2.55 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 2.74 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 17.95% 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 1.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.37. Likewise, its price to free cash flow for the trailing twelve months is 40.91.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 9.40, a number that is poised to hit 2.82 in the next quarter and is forecasted to reach 12.06 in one year’s time.
Technical Analysis of Eaton Corporation plc (ETN)
Compared to the last year’s volume of 2.11 million, its volume of 2.46 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 41.01%. Additionally, its Average True Range was 7.12.
During the past 100 days, Eaton Corporation plc’s (ETN) raw stochastic average was set at 80.22%, which indicates a significant increase from 34.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.28% in the past 14 days, which was lower than the 31.88% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $323.59, while its 200-day Moving Average is $309.71. Nevertheless, the first resistance level for the watch stands at $334.16 in the near term. At $337.18, the stock is likely to face the second major resistance level. The third major resistance level sits at $338.86. If the price goes on to break the first support level at $329.46, it is likely to go to the next support level at $327.78. Should the price break the second support level, the third support level stands at $324.76.
Eaton Corporation plc (NYSE: ETN) Key Stats
With a market capitalization of 132.21 billion, the company has a total of 398,100K 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.
