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After finishing at $368.98 in the prior trading day, Eaton Corporation plc (NYSE: ETN) closed at $311.55, down -15.56%. In other words, the price has decreased by -$15.56 from its previous closing price. On the day, 10.18 million shares were traded. ETN stock price reached its highest trading level at $329.76 during the session, while it also had its lowest trading level at $306.15.
Ratios:
Our goal is to gain a better understanding of ETN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 61.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.10. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.53. In the meantime, Its Debt-to-Equity ratio is 0.53 whereas as Long-Term Debt/Eq ratio is at 0.49.
On November 13, 2024, Evercore ISI Downgraded its rating to In-line which previously was Outperform and also upped its target price recommendation from $333 to $389.
On November 05, 2024, Bernstein started tracking the stock assigning a Outperform rating and target price of $382.Bernstein initiated its Outperform rating on November 05, 2024, with a $382 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 13 ’24 when Thompson Dorothy C sold 285 shares for $289.51 per share. The transaction valued at 82,510 led to the insider holds 516 shares of the business.
PAGE GREGORY R sold 10,000 shares of ETN for $3,559,800 on Dec 13 ’24. The Director now owns 43,203 shares after completing the transaction at $355.98 per share. On Dec 13 ’24, another insider, PAGE GREGORY R, who serves as the Director of the company, bought 10,000 shares for $355.98 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ETN now has a Market Capitalization of 123124555776 and an Enterprise Value of 153949896704. As of this moment, Eaton’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.13, and their Forward P/E ratio for the next fiscal year is 26.01. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.00 while its Price-to-Book (P/B) ratio in mrq is 6.44. Its current Enterprise Value per Revenue stands at 6.257 whereas that against EBITDA is 28.248.
Stock Price History:
The Beta on a monthly basis for ETN is 1.06, which has changed by 0.47432768 over the last 52 weeks, in comparison to a change of 0.23883796 over the same period for the S&P500. Over the past 52 weeks, ETN has reached a high of $379.99, while it has fallen to a 52-week low of $241.87. The 50-Day Moving Average of the stock is -12.16%, while the 200-Day Moving Average is calculated to be -5.11%.
Shares Statistics:
The stock has traded on average 2.11M shares per day over the past 3-months and 2671270 shares per day over the last 10 days, according to various share statistics. A total of 395.20M shares are outstanding, with a floating share count of 394.38M. Insiders hold about 0.21% of the company’s shares, while institutions hold 82.90% stake in the company. Shares short for ETN as of 1735603200 were 5093824 with a Short Ratio of 2.41, compared to 1732838400 on 4832885. Therefore, it implies a Short% of Shares Outstanding of 5093824 and a Short% of Float of 1.2899999500000001.
Dividends & Splits
In the trailing 12 months, ETN’s forward annual dividend rate was 3.68, compared to 3.76 this year. Against a Trailing Annual Dividend Yield of 0.00997344The stock’s 5-year Average Dividend Yield is 2.01. The current Payout Ratio is 42.88% for ETN, which recently paid a dividend on 2024-11-04 with an ex-dividend date of 1730678400. Stock splits for the company last occurred on 2011-03-01 when the company split stock in a 2:1 ratio.
