Eaton Corporation plc (ETN) concluded trading on Thursday at a closing price of $320.16, with 3.0 million shares of worth about $959.25 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 53.15% during that period and on April 4, 2024 the price saw a loss of about -0.24%. Currently the company’s common shares owned by public are about 399.40M shares, out of which, 398.00M shares are available for trading.
However, the stock later moved at a day high price of 303.40, or with a loss of -0.24%. Stock saw a price change of 1.83% in past 5 days and over the past one month there was a price change of 9.67%. Year-to-date (YTD), ETN shares are showing a performance of 32.95% which increased to 87.73% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $155.38 but also hit the highest price of $322.36 during that period. The average intraday trading volume for Eaton Corporation plc shares is 1.81 million. The stock is currently trading 4.51% above its 20-day simple moving average (SMA20), while that difference is up 12.17% for SMA50 and it goes to 36.03% higher than SMA200.
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Eaton Corporation plc (NYSE: ETN) currently have 399.40M outstanding shares and institutions hold larger chunk of about 84.87% of that.
The stock has a current market capitalization of $127.90B and its 3Y-monthly beta is at 1.08. PE ratio of stock for trailing 12 months is 39.91, while it has posted earnings per share of $8.02 in the same period. Its PEG reads 3.48 and has Quick Ratio of 1.02 while making debt-to-equity ratio of 0.52. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ETN, volatility over the week remained 1.56% while standing at 1.73% over the month.
Stock’s fiscal year EPS is expected to rise by 12.54% while it is estimated to increase by 11.65% in next year. EPS is likely to grow at an annualized rate of 11.46% for next 5-years, compared to annual growth of 10.32% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on April 02, 2024 offering an Equal weight rating for the stock and assigned a target price range of between $250 and $300 to it. Coverage by JP Morgan stated Eaton Corporation plc (ETN) stock as an Overweight in their note to investors on October 06, 2023, suggesting a price target of $230 for the stock. On July 11, 2023, Wolfe Research Downgrade their recommendations, while on June 06, 2023, JP Morgan Initiated their ratings for the stock with a price target of $178. Stock get a Perform rating from Oppenheimer on December 06, 2022.
