The stock price of Eaton Corporation plc (NYSE: ETN) has jumped by 4.00 compared to the previous close of 168.17. Despite this, the company has seen a gain of 0.16% in its stock price over the last five trading days. Barron’s reported on 08/01/22 that U.S. Manufacturing Growth Slows. But Investors Pile Into GE, Eaton, and Other Industrial Stocks.
Is It Worth Investing in Eaton Corporation plc (NYSE: ETN) Right Now?
Eaton Corporation plc (NYSE: ETN) has a price-to-earnings ratio of 26.24x that is above its average ratio. Additionally, the 36-month beta value for ETN is 1.11. There are mixed opinions on the stock, with 14 analysts rating it as a “buy,” 1 rating it as “overweight,” 7 rating it as “hold,” and 1 rating it as “sell.”
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The average price predicted by analysts for ETN is $192.59, which is $16.4 above the current price. The public float for ETN is 396.20M and currently, short sellers hold a 1.14% ratio of that float. The average trading volume of ETN on May 25, 2023 was 2.06M shares.
ETN’s Market Performance
ETN’s stock has seen a 0.16% increase for the week, with a 8.01% rise in the past month and a 0.95% gain in the past quarter. The volatility ratio for the week is 2.37%, and the volatility levels for the past 30 days are at 2.29% for Eaton Corporation plc. The simple moving average for the past 20 days is 2.71% for ETN’s stock, with a 10.86% simple moving average for the past 200 days.
ETN Trading at 5.28% from the 50-Day Moving Average
After a stumble in the market that brought ETN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.16% of loss for the given period.
Volatility was left at 2.29%, however, over the last 30 days, the volatility rate increased by 2.37%, as shares surge +4.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.00% upper at present.
During the last 5 trading sessions, ETN rose by +0.33%, which changed the moving average for the period of 200 days by +19.66% in comparison to the 20-day moving average, which settled at $170.63. In addition, Eaton Corporation plc saw 11.43% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ETN starting from Okray Thomas B, who sold 23,964 shares at the price of $171.10 back on May 18. After this action, Okray Thomas B now owns 7,367 shares of Eaton Corporation plc, valued at $4,100,199 using the latest closing price.
Faria Joao V sale 2,500 shares at $178.26 during a trade that took place back on Mar 09, which means that Faria Joao V is holding 68,814 shares at $445,650 based on the most recent closing price.
Stock Fundamentals for ETN
Current profitability levels for the company are sitting at:
- +15.62 for the present operating margin
- +33.28 for the gross margin
The net margin for Eaton Corporation plc stands at +11.86. The total capital return value is set at 12.51, while invested capital returns managed to touch 9.96. Equity return is now at value 15.30, with 7.30 for asset returns.
Based on Eaton Corporation plc (ETN), the company’s capital structure generated 54.24 points at debt to equity in total, while total debt to capital is 35.16. Total debt to assets is 26.39, with long-term debt to equity ratio resting at 51.53. Finally, the long-term debt to capital ratio is 33.41.
When we switch over and look at the enterprise to sales, we see a ratio of 3.60, with the company’s debt to enterprise value settled at 0.13. The receivables turnover for the company is 5.33 and the total asset turnover is 0.60. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.38.
Conclusion
In conclusion, Eaton Corporation plc (ETN) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
