Eaton Corporation plc (NYSE:ETN) shares traded -0.18% lower at $220.91 on Wall Street last session.
In accordance with the data, 24 analysts cover Eaton Corporation plc (NYSE:ETN). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $256.00 and a low of $185.00, we find $235.00. Given the previous closing price of $221.30, this indicates a potential upside of 6.19 percent. ETN stock price is now 6.95% away from the 50-day moving average and 25.32% away from the 200-day moving average. The market capitalization of the company currently stands at $88.03B.
It has been rated a hold by 8 analysts and a buy by 13. Brokers who have rated the stock have averaged $231.00 as their price target over the next twelve months.
In other news, ARNOLD CRAIG, insider sold 100,000 shares of the company’s stock on Aug 14. The stock was sold for $21,945,070 at an average price of $219.45. Upon completion of the transaction, the insider now directly owns 516,875 shares in the company, valued at $114.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 07, below. Monesmith Heath B. sold 9,831 shares of the business’s stock. A total of $2,173,831 was realized by selling the stock at an average price of $221.12. This leaves the insider owning 57,217 shares of the company worth $12.64 million. Insiders disposed of 430,731 shares of company stock worth roughly $95.15 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ETN stock. A new stake in Eaton Corporation plc shares was purchased by COATUE MANAGEMENT LLC during the first quarter worth $392,896,000. CLEAN ENERGY TRANSITION LLP invested $142,690,000 in shares of ETN during the first quarter. In the first quarter, WAFRA INC. acquired a new stake in Eaton Corporation plc valued at approximately $40,914,000. ATALANTA SOSNOFF CAPITAL, LLC acquired a new stake in ETN for approximately $21,056,000. NEMES RUSH GROUP LLC purchased a new stake in ETN valued at around $17,030,000 in the second quarter. In total, there are 1,998 active investors with 85.10% ownership of the company’s stock.
Eaton Corporation plc (NYSE: ETN) opened at $221.80 on Thursday. During the past 12 months, Eaton Corporation plc has had a low of $129.85 and a high of $225.76. As of last week, the company has a debt-to-equity ratio of 0.52, a current ratio of 1.50, and a quick ratio of 1.00. According to the stock market information, the enterprise value for the company is $96.60B, which is based on a 32.65 price-to-earnings ratio, a 2.67 price-to-earnings-growth ratio, and a beta of 1.10. The fifty day moving average price for ETN is $207.10 and a two-hundred day moving average price translates $176.58 for the stock.
The latest earnings results from Eaton Corporation plc (NYSE: ETN) was released for Jun, 2023. According to the Specialty Industrial Machinery Company, earnings per share came in at $2.21, beating analysts’ expectations of $2.11 by 0.1. This compares to $1.50 EPS in the same period last year. The net profit margin was 12.30% and return on equity was 15.80% for ETN. The company reported revenue of $5.87 billion for the quarter, compared to $5.21 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.55 percent. For the current quarter, analysts expect ETN to generate $5.89B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/25/2023. Investors who held shares on 08/07/2023 were paid a $0.86 dividend. On an annualized basis, this represents a $3.44 dividend and a 1.56% percent yield. There was an ex-dividend date of 08/04/2023 for this dividend. In terms of dividend payout ratio, ETN is presently at 49.10%.
Eaton Corporation plc(ETN) Company Profile
Eaton Corporation plc operates as a power management company worldwide. The company’s Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems. Its Aerospace segment offers pumps, motors, hydraulic power units, hoses and fittings, and electro-hydraulic pumps; valves, cylinders, electronic controls, electromechanical actuators, sensors, aircraft flap and slat systems, and nose wheel steering systems; hose, thermoplastic tubing products, fittings, adapters, couplings, and sealing and ducting products; air-to-air refueling systems, fuel pumps, fuel inerting products, sensors, and adapters and regulators; oxygen generation system, payload carriages, and thermal management products; and wiring connectors and cables, as well as hydraulic and bag filters, strainers and cartridges, and golf grips for manufacturers of commercial and military aircraft, and related after-market customers, as well as industrial applications. The company’s Vehicle segment offers transmissions, clutches, hybrid power systems, superchargers, engine valves and valve actuation systems, locking and limited slip differentials, transmission controls, and fuel vapor components for the vehicle industry. Its eMobility segment provides voltage inverters, converters, fuses, onboard chargers, circuit protection units, vehicle controls, power distribution systems, fuel tank isolation valves, and commercial vehicle hybrid systems. Eaton Corporation plc was founded in 1911 and is based in Dublin, Ireland.
