Eaton Corporation plc (ETN) concluded trading on Thursday at a closing price of $328.92, with 3.16 million shares of worth about $1.04 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.17% during that period and on September 19, 2024 the price saw a gain of about 4.54%. Currently the company’s common shares owned by public are about 399.40M shares, out of which, 397.14M shares are available for trading.
Stock saw a price change of 8.42% in past 5 days and over the past one month there was a price change of 11.03%. Year-to-date (YTD), ETN shares are showing a performance of 36.58% which increased to 52.17% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $191.82 but also hit the highest price of $345.19 during that period. The average intraday trading volume for Eaton Corporation plc shares is 2.45 million. The stock is currently trading 10.41% above its 20-day simple moving average (SMA20), while that difference is up 9.51% for SMA50 and it goes to 12.19% 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 83.59% of that.
The stock has a current market capitalization of $130.94B and its 3Y-monthly beta is at 1.01. PE ratio of stock for trailing 12 months is 36.18, while it has posted earnings per share of $9.09 in the same period. Its PEG reads 2.38 and has Quick Ratio of 1.07 while making debt-to-equity ratio of 0.55. 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 2.43% while standing at 2.68% over the month.
Stock’s fiscal year EPS is expected to rise by 17.54% while it is estimated to increase by 12.17% in next year. EPS is likely to grow at an annualized rate of 15.17% 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 Citigroup on September 16, 2024 offering a Buy rating for the stock and assigned a target price of $348 to it. On September 06, 2024, Morgan Stanley Initiated their recommendations, while on June 28, 2024, Raymond James Initiated their ratings for the stock with a price target of $375. Stock get an Underperform rating from Wolfe Research on April 08, 2024.
