Eaton Corporation plc [ETN] has traded in a range of $56.42 to $119.48 in the last 1 year. As of this writing, the stock is at $117.11, up 0.30%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, ETN shares are 2.35% up with the monthly amount drift of 7.37% and seems well in a long time frame.

On 18, November 2020, Eaton to Participate in the Credit Suisse 8th Annual Global Industrials Conference December 4, 2020. According to news published on Yahoo Finance, Power management company Eaton (NYSE:ETN) today announced that its Chairman and Chief Executive Officer, Craig Arnold, will participate in the Credit Suisse 8th Annual Global Industrials Conference on Friday, December 4, 2020, at 3:10 p.m. Eastern time.

Analyst Birdseye View:

The most recent analyst activity for Eaton Corporation plc [NYSE:ETN] stock was on August 20, 2020, when it was Initiated with a Hold rating from Berenberg, which also raised its 12-month price target on the stock to $110. Before that, on November 11, 2020, BofA Securities Recapitulated a Buy rating and elevated its amount target to $135. On May 26, 2020, BofA/Merrill Downgrade a Neutral rating. On May 14, 2020, KeyBanc Capital Markets Downgrade a Sector weight rating. On May 04, 2020, Stephens Downgrade an Equal-weight rating. On April 13, 2020, JP Morgan Downgrade a Neutral rating and boosted its amount target on this stock to $91. On April 03, 2020, Gordon Haskett Upgrade a Buy rating and boosted its target amount on this stock to $92. On March 03, 2020 KeyBanc Capital Markets Upgrade an Overweight rating and elevated its amount target to $108.

In the past 52 weeks of trading, this stock has oscillated between a low of $56.42 and a peak of $119.48. Right now, the middling Wall Street analyst 12-month amount mark is $119.00. At the most recent market close, shares of Eaton Corporation plc [NYSE:ETN] were valued at $117.11. According to the average price forecast, investors can expect a potential return of 1.77%.

FUNDAMENTAL ANALYSIS

Eaton Corporation plc [NYSE:ETN] most recently reported quarterly sales of 4.53 billion, which represented growth of -14.80%. This publicly-traded organization’s revenue is $211,782 per employee, while its income is $21,891 per employee. This company’s Gross Margin is currently 30.50%, its Operating Margin is 10.30%, its Pretax Margin is +12.11, and its Net Margin is +10.34. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 6.92, 13.74, 12.60 and 9.39 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 35.30 and the whole liability to whole assets at 26.75. It shows enduring liability to the whole principal at 32.79 and enduring liability to assets at 0.25 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 115.59 points at 1st support level, the second support level is making up to 114.43. But as of 1st resistance point, this stock is sitting at 117.98 and at 119.20 for 2nd resistance point.

Eaton Corporation plc [ETN] reported its earnings at $1.18 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $1.04/share signifying the difference of 0.14 and 13.50% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.7 calling estimates for $0.53/share with the difference of 0.17 depicting the surprise of 32.10%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Eaton Corporation plc [NYSE:ETN] is 1.50. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.12. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.86, it’s amount to book ratio is 2.43 and showing 34.46 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Yadav Uday, See Remarks below., and it was the sale of 3710.0 shares on Nov 10. Yadav Uday, the See Remarks below., completed a sale of 66232.0 shares on Nov 10. On Nov 10, ARNOLD CRAIG, See Remarks below., completed a sale of 65737.0 shares.