Currently, there are 399.40M common shares owned by the public and among those 398.00M shares have been available to trade.
The company’s stock has a 5-day price change of -0.28% and 31.34% over the past three months. ETN shares are trading 30.33% year to date (YTD), with the 12-month market performance up to 100.88% higher. It has a 12-month low price of $155.38 and touched a high of $331.47 over the same period. ETN has an average intraday trading volume of 1.89 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.12%, 8.10%, and 32.24% respectively.
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Institutional ownership of Eaton Corporation plc (NYSE: ETN) shares accounts for 84.92% of the company’s 399.40M shares outstanding.
It has a market capitalization of $125.39B and a beta (3y monthly) value of 1.07. The stock’s trailing 12-month PE ratio is 39.12, while the earnings-per-share (ttm) stands at $8.02. The company has a PEG of 3.43 and a Quick Ratio of 1.02 with the debt-to-equity ratio at 0.52. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.63% over the week and 1.87% over the month.
Analysts forecast that Eaton Corporation plc (ETN) will achieve an EPS of $2.28 for the current quarter, $2.5 for the next quarter and $11.42 for 2025. The lowest estimate earnings-per-share for the quarter is $2.25 while analysts give the company a high EPS estimate of $2.32. Comparatively, EPS for the current quarter was $1.88 a year ago. Earnings per share for the fiscal year are expected to increase by 12.54%, and 11.75% over the next financial year. EPS should grow at an annualized rate of 11.40% over the next five years, compared to 10.32% over the past 5-year period.
RBC Capital Mkts coverage for the Eaton Corporation plc (ETN) stock in a research note released on April 05, 2024 offered a Outperform rating with a price target of $371. Barclays was of a view on April 02, 2024 that the stock is Equal Weight, while JP Morgan gave the stock Overweight rating on October 06, 2023, issuing a price target of $230. Wolfe Research on their part issued Peer Perform rating on July 11, 2023.
