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After finishing at $332.46 in the prior trading day, Eaton Corporation plc (NYSE: ETN) closed at $311.50, down -6.30%. In other words, the price has decreased by -$6.30 from its previous closing price. On the day, 3.18 million shares were traded. ETN stock price reached its highest trading level at $327.62 during the session, while it also had its lowest trading level at $311.11.
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 51.00 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 42.22. 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:
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 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 132948197376 and an Enterprise Value of 131918700544. As of this moment, Eaton’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.77, and their Forward P/E ratio for the next fiscal year is 26.40. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.26 while its Price-to-Book (P/B) ratio in mrq is 6.46. Its current Enterprise Value per Revenue stands at 5.577 whereas that against EBITDA is 26.123.
Stock Price History:
The Beta on a monthly basis for ETN is 1.01, which has changed by 0.47693324 over the last 52 weeks, in comparison to a change of 0.23228896 over the same period for the S&P500. 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 -4.39%, while the 200-Day Moving Average is calculated to be 13.48%.
Shares Statistics:
The stock has traded on average 2.12M shares per day over the past 3-months and 1744933 shares per day over the last 10 days, according to various share statistics. 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 83.99% stake in the company. Shares short for ETN as of 1719532800 were 4058413 with a Short Ratio of 1.92, compared to 1717113600 on 3745584. Therefore, it implies a Short% of Shares Outstanding of 4058413 and a Short% of Float of 1.0199999.
Dividends & Splits
In the trailing 12 months, ETN’s forward annual dividend rate was 3.52, compared to 3.60 this year. Against a Trailing Annual Dividend Yield of 0.01058774The stock’s 5-year Average Dividend Yield is 2.22. The current Payout Ratio is 42.88% for ETN, which recently paid a dividend on 2024-05-03 with an ex-dividend date of 1714694400. Stock splits for the company last occurred on 2011-03-01 when the company split stock in a 2:1 ratio.
