Eaton Corporation plc (NYSE: ETN) has seen a rise in its stock price by 3.28 in relation to its previous close of 346.28. However, the company has experienced a 4.91% gain in its stock price over the last five trading sessions. businesswire.com reported 2025-01-21 that CLEVELAND–(BUSINESS WIRE)–For the third year in a row, intelligent power management company Eaton was ranked in the top 10 of Resilinc’s Top 30 Most Resilient Suppliers to the high-tech industry. This award recognizes companies who have outstanding supply chain risk and resiliency programs. “Eaton demonstrated exceptional supply chain resilience and risk management capabilities, earning them a well-deserved spot among our Top 30 Most Resilient Suppliers in the High-Tech Industry,” said Resili.
Is It Worth Investing in Eaton Corporation plc (NYSE: ETN) Right Now?
Eaton Corporation plc (NYSE: ETN) has a price-to-earnings ratio of 38.03x that is above its average ratio. Additionally, the 36-month beta value for ETN is 1.05. There are mixed opinions on the stock, with 13 analysts rating it as a “buy,” 7 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
The public float for ETN is 394.38M and currently, short sellers hold a 1.29% ratio of that float. The average trading volume of ETN on January 22, 2025 was 2.01M shares.
ETN’s Market Performance
The stock of Eaton Corporation plc (ETN) has seen a 4.91% increase in the past week, with a 3.04% rise in the past month, and a 2.62% gain in the past quarter. The volatility ratio for the week is 1.94%, and the volatility levels for the past 30 days are at 2.09% for ETN. The simple moving average for the last 20 days is 4.90% for ETN stock, with a simple moving average of 9.14% for the last 200 days.
Analysts’ Opinion of ETN
Many brokerage firms have already submitted their reports for ETN stocks, with UBS repeating the rating for ETN by listing it as a “Buy.” The predicted price for ETN in the upcoming period, according to UBS is $431 based on the research report published on November 13, 2024 of the previous year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see ETN reach a price target of $389, previously predicting the price at $333. The rating they have provided for ETN stocks is “In-line” according to the report published on November 13th, 2024.
Bernstein gave a rating of “Outperform” to ETN, setting the target price at $382 in the report published on November 05th of the previous year.
ETN Trading at 0.63% 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 -5.88% of loss for the given period.
Volatility was left at 2.09%, however, over the last 30 days, the volatility rate increased by 1.94%, as shares surge +6.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.97% upper at present.
During the last 5 trading sessions, ETN rose by +4.91%, which changed the moving average for the period of 200-days by +11.43% in comparison to the 20-day moving average, which settled at $340.92. In addition, Eaton Corporation plc saw 7.76% 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 Thompson Dorothy C, who sale 285 shares at the price of $289.51 back on Aug 13 ’24. After this action, Thompson Dorothy C now owns 516 shares of Eaton Corporation plc, valued at $82,510 using the latest closing price.
PAGE GREGORY R, the Director of Eaton Corporation plc, sale 10,000 shares at $355.98 during a trade that took place back on Dec 13 ’24, which means that PAGE GREGORY R is holding 43,203 shares at $3,559,800 based on the most recent closing price.
Stock Fundamentals for ETN
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.38 for the gross margin
The net margin for Eaton Corporation plc stands at 0.15. The total capital return value is set at 0.15. Equity return is now at value 20.11, with 9.85 for asset returns.
Based on Eaton Corporation plc (ETN), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.4. The debt to equity ratio resting at 0.53. The interest coverage ratio of the stock is 39.6.
Currently, EBITDA for the company is 4.9 billion with net debt to EBITDA at 1.75. When we switch over and look at the enterprise to sales, we see a ratio of 6.13. The receivables turnover for the company is 5.04for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.
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.
