At the time of writing, Eaton Corporation plc [ETN] stock is trading at $300.29, up 0.02%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ETN shares have lost -0.28% over the last week, with a monthly amount glided 10.25%, and seem to be holding up well over a long-time horizon.
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On 6, March 2024, Eaton Named One of the World’s Most Ethical Companies® for the 13th Time by the Ethisphere Institute. In a post published today on Yahoo Finance, Recognition honors companies demonstrating business integrity through best-in-class ethics, compliance and governance practices.
From an analyst’s perspective:
Eaton Corporation plc [NYSE: ETN] stock has seen the most recent analyst activity on October 06, 2023, when JP Morgan upgraded its rating to a Overweight but kept the price target unchanged to $230 for it. Previously, Wolfe Research downgraded its rating to Peer Perform on July 11, 2023. On June 06, 2023, JP Morgan initiated with a Neutral rating and assigned a price target of $178 on the stock. Oppenheimer downgraded its rating to a Perform. Barclays downgraded its rating to a Underweight but $120 remained the price target by the analyst firm on May 24, 2022. Wolfe Research reiterated a Outperform rating for this stock on February 07, 2022, and downed its price target to $194. In a note dated February 07, 2022, Mizuho reiterated an Buy rating on this stock and revised its target price from $200 to $195.
For the past year, the stock price of Eaton Corporation plc fluctuated between $155.38 and $303.40. Currently, Wall Street analysts expect the stock to reach $169 within the next 12 months. Eaton Corporation plc [NYSE: ETN] shares were valued at $300.29 at the most recent close of the market. An investor can expect a potential drop of -43.72% based on the average ETN price forecast.
Analyzing the ETN fundamentals
According to Eaton Corporation plc [NYSE:ETN], the company’s sales were 23.20B for trailing twelve months, which represents an 10.83% jump. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.18 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.49.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 297.50 points at the first support level, and at 294.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 303.03, and for the 2nd resistance point, it is at 305.77.
Eaton Corporation plc [ETN] reported earnings per share of $2.55 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.47/share, meaning a difference of $0.08 and a surprise factor of 3.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.47 per share as compared to estimates of $2.34 per share, a difference of $0.13 representing a surprise of 5.60%.
Ratios To Look Out For
It is important to note that Eaton Corporation plc [NYSE:ETN] has a current ratio of 1.51. Further, the Quick Ratio stands at 1.02, while the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 5.17, the price to book ratio is 6.30 and price to earnings (TTM) ratio is 37.43.
Transactions by insiders
Recent insider trading involved Monesmith Heath B., below., that happened on Mar 11 ’24 when 13027.0 shares were sold. below., Szmagala Taras G. Jr. completed a deal on Mar 01 ’24 to sell 8157.0 shares. Meanwhile, below Yelton Michael sold 2615.0 shares on Mar 01 ’24.
