In the past week, ETN stock has gone up by 1.01%, with a monthly gain of 7.27% and a quarterly surge of 30.82%. The volatility ratio for the week is 1.38%, and the volatility levels for the last 30 days are 1.69% for Eaton Corporation plc The simple moving average for the last 20 days is 3.64% for ETN’s stock, with a simple moving average of 34.56% for the last 200 days.
Is It Worth Investing in Eaton Corporation plc (NYSE: ETN) Right Now?
The price-to-earnings ratio for Eaton Corporation plc (NYSE: ETN) is 39.27x, which is above its average ratio. Moreover, the 36-month beta value for ETN is 1.08. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 3 as “overweight,” 15 as “hold,” and 2 as “sell.”
The public float for ETN is 398.00M and currently, short sellers hold a 0.91% of that float. On April 02, 2024, ETN’s average trading volume was 1.77M shares.
ETN) stock’s latest price update
Eaton Corporation plc (NYSE: ETN) has experienced a rise in its stock price by 0.97 compared to its previous closing price of 312.03. However, the company has seen a gain of 1.01% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-28 that Eaton (ETN) makes a strong case for investment in the Industrial Products space with its systematic investments, strong ROE and strong dividend.
Analysts’ Opinion of ETN
JP Morgan, on the other hand, stated in their research note that they expect to see ETN reach a price target of $230. The rating they have provided for ETN stocks is “Overweight” according to the report published on October 06th, 2023.
ETN Trading at 11.53% 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 -0.62% of loss for the given period.
Volatility was left at 1.69%, however, over the last 30 days, the volatility rate increased by 1.38%, as shares surge +5.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.34% upper at present.
During the last 5 trading sessions, ETN rose by +0.65%, which changed the moving average for the period of 200-days by +62.59% in comparison to the 20-day moving average, which settled at $304.84. In addition, Eaton Corporation plc saw 30.82% 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 Monesmith Heath B., who sale 13,027 shares at the price of $291.40 back on Mar 11 ’24. After this action, Monesmith Heath B. now owns 69,472 shares of Eaton Corporation plc, valued at $3,796,031 using the latest closing price.
Szmagala Taras G. Jr. sale 8,157 shares at $293.08 during a trade that took place back on Mar 01 ’24, which means that Szmagala Taras G. Jr. is holding 7,866 shares at $2,390,625 based on the most recent closing price.
Stock Fundamentals for ETN
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.37 for the gross margin
The net margin for Eaton Corporation plc stands at 0.14. The total capital return value is set at 0.13. Equity return is now at value 17.85, with 8.77 for asset returns.
Based on Eaton Corporation plc (ETN), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.39. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is 25.42.
Currently, EBITDA for the company is 4.92 billion with net debt to EBITDA at 2.39. When we switch over and look at the enterprise to sales, we see a ratio of 5.81. The receivables turnover for the company is 4.87for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.51.
Conclusion
To wrap up, the performance of Eaton Corporation plc (ETN) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
