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The price of Eaton Corporation plc (NYSE: ETN) closed at $296.61 in the last session, down -0.40% from day before closing price of $297.79. In other words, the price has decreased by -$0.40 from its previous closing price. On the day, 2.24 million shares were traded. ETN stock price reached its highest trading level at $300.39 during the session, while it also had its lowest trading level at $294.56.
Ratios:
We take a closer look at ETN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 48.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.20. For the most recent quarter (mrq), Quick Ratio is recorded 1.05 and its Current Ratio is at 1.56. In the meantime, Its Debt-to-Equity ratio is 0.51 whereas as Long-Term Debt/Eq ratio is at 0.46.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Raymond James on June 28, 2024, initiated with a Outperform rating and assigned the stock a target price of $375.
RBC Capital Mkts Upgraded its Sector Perform to Outperform on April 05, 2024, whereas the target price for the stock was revised from $286 to $371.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 16 ’24 when Monesmith Heath B. sold 16,180 shares for $334.64 per share. The transaction valued at 5,414,545 led to the insider holds 70,350 shares of the business.
Denk Peter sold 2,416 shares of ETN for $801,735 on May 08 ’24. The insider now owns 5,086 shares after completing the transaction at $331.84 per share. On Mar 11 ’24, another insider, Monesmith Heath B., who serves as The insider of the company, sold 13,027 shares for $291.40 each. As a result, the insider received 3,796,031 and left with 69,472 shares of the company.
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 118611959808 and an Enterprise Value of 125965680640. As of this moment, Eaton’s Price-to-Earnings (P/E) ratio for their current fiscal year is 35.01, and their Forward P/E ratio for the next fiscal year is 25.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.01 while its Price-to-Book (P/B) ratio in mrq is 6.15. Its current Enterprise Value per Revenue stands at 5.325 whereas that against EBITDA is 24.944.
Stock Price History:
Over the past 52 weeks, ETN has reached a high of $345.19, while it has fallen to a 52-week low of $191.82. The 50-Day Moving Average of the stock is -8.04%, while the 200-Day Moving Average is calculated to be 6.54%.
Shares Statistics:
According to the various share statistics, ETN traded on average about 2.21M shares per day over the past 3-months and 3047820 shares per day over the past 10 days. A total of 399.40M shares are outstanding, with a floating share count of 398.86M. Insiders hold about 0.24% of the company’s shares, while institutions hold 85.86% stake in the company. Shares short for ETN as of 1721001600 were 4354282 with a Short Ratio of 1.97, compared to 1718323200 on 3710145. Therefore, it implies a Short% of Shares Outstanding of 4354282 and a Short% of Float of 1.09.
Dividends & Splits
The forward annual dividend rate for ETN is 3.60, which was 3.52 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.01182041The stock’s 5-year Average Dividend Yield is 2.22.
