Ratio Review: Analyzing Eaton Corporation plc (ETN)’s Price-to-Cash and Price-to-Free Cash Flow

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After finishing at $327.59 in the prior trading day, Eaton Corporation plc (NYSE: ETN) closed at $323.24, down -1.33%. In other words, the price has decreased by -$1.33 from its previous closing price. On the day, 1.83 million shares were traded. ETN stock price reached its highest trading level at $329.87 during the session, while it also had its lowest trading level at $320.02.

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 52.92 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 43.81. 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.

On April 05, 2024, RBC Capital Mkts Upgraded its rating to Outperform which previously was Sector Perform and also upped its target price recommendation from $286 to $371.

Barclays Upgraded its Underweight to Equal Weight on April 02, 2024, whereas the target price for the stock was revised from $250 to $300.

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 131000762368 and an Enterprise Value of 136612347904. As of this moment, Eaton’s Price-to-Earnings (P/E) ratio for their current fiscal year is 38.15, and their Forward P/E ratio for the next fiscal year is 27.62. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.71. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.46 while its Price-to-Book (P/B) ratio in mrq is 6.70. Its current Enterprise Value per Revenue stands at 5.775 whereas that against EBITDA is 27.052.

Stock Price History:

The Beta on a monthly basis for ETN is 1.01, which has changed by 0.6622442 over the last 52 weeks, in comparison to a change of 0.2586832 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 $189.26. The 50-Day Moving Average of the stock is -0.14%, while the 200-Day Moving Average is calculated to be 21.68%.

Shares Statistics:

The stock has traded on average 2.24M shares per day over the past 3-months and 2157210 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 84.03% stake in the company. Shares short for ETN as of 1715731200 were 3899145 with a Short Ratio of 1.67, compared to 1713139200 on 3746558. Therefore, it implies a Short% of Shares Outstanding of 3899145 and a Short% of Float of 0.98.

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 0.010745139The stock’s 5-year Average Dividend Yield is 2.26. 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.

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