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In the latest session, Eaton Corporation plc (NYSE: ETN) closed at $299.69 up 1.16% from its previous closing price of $296.24. In other words, the price has increased by $1.16 from its previous closing price. On the day, 1.4 million shares were traded. ETN stock price reached its highest trading level at $301.65 during the session, while it also had its lowest trading level at $296.17.
Ratios:
For a deeper understanding of Eaton Corporation plc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 42.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 39.52. For the most recent quarter (mrq), Quick Ratio is recorded 1.07 and its Current Ratio is at 1.56. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.48.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 15 ’24 when Monesmith Heath B. sold 49,040 shares for $301.02 per share. The transaction valued at 14,761,970 led to the insider holds 71,262 shares of the business.
Monesmith Heath B. bought 49,040 shares of ETN for $14,761,970 on Aug 15 ’24. On Aug 12 ’24, another insider, Szmagala Taras G. Jr., who serves as The insider of the company, sold 335 shares for $288.72 each. As a result, the insider received 96,721 and left with 9,900 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 119306592256 and an Enterprise Value of 127053586432. As of this moment, Eaton’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.96, and their Forward P/E ratio for the next fiscal year is 24.98. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.94 while its Price-to-Book (P/B) ratio in mrq is 6.21. Its current Enterprise Value per Revenue stands at 5.263 whereas that against EBITDA is 23.995.
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 -3.07%, while the 200-Day Moving Average is calculated to be 4.88%.
Shares Statistics:
For the past three months, ETN has traded an average of 2.47M shares per day and 2164090 over the past ten days. A total of 399.40M shares are outstanding, with a floating share count of 396.63M. Insiders hold about 0.37% of the company’s shares, while institutions hold 85.34% stake in the company. Shares short for ETN as of 1722384000 were 4604543 with a Short Ratio of 1.87, compared to 1719532800 on 4058413. Therefore, it implies a Short% of Shares Outstanding of 4604543 and a Short% of Float of 1.16.
Dividends & Splits
According to the company, the forward annual dividend rate for ETN is 3.68, from 3.6 in the trailing year. Against a Trailing Annual Dividend Yield of 0.012152309The stock’s 5-year Average Dividend Yield is 2.19.
