The stock of Eaton Corporation plc (NYSE:ETN) last traded at $214.83, up 3.33% from the previous session.
Data from the available sources indicates that Eaton Corporation plc (NYSE:ETN) is covered by 23 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $270.00 and a low of $187.00, we find $239.00. Given the previous closing price of $207.91, this indicates a potential upside of 14.95 percent. ETN stock price is now -0.11% away from the 50-day moving average and 13.44% away from the 200-day moving average. The market capitalization of the company currently stands at $85.72B.
In total, 8 analysts have assigned it a hold rating, and 14 have given it a buy rating. Brokers who have rated the stock have averaged $235.18 as their price target over the next twelve months.
With the price target maintained at $230, JP Morgan recently Upgraded its rating from Neutral to Overweight for Eaton Corporation plc (NYSE: ETN).
In other news, Okray Thomas B, insider sold 4,950 shares of the company’s stock on Aug 31. The stock was sold for $1,143,896 at an average price of $231.09. Upon completion of the transaction, the insider now directly owns 7,367 shares in the company, valued at $1.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 29, below. Szmagala Taras G. Jr. sold 1,869 shares of the business’s stock. A total of $423,665 was realized by selling the stock at an average price of $226.68. This leaves the insider owning 7,431 shares of the company worth $1.6 million. Insiders disposed of 537,681 shares of company stock worth roughly $115.51 million over the past 1 year. A total of 0.39% of the company’s stock is owned by insiders.
During the past 12 months, Eaton Corporation plc has had a low of $146.76 and a high of $240.44. As of last week, the company has a debt-to-equity ratio of 0.52, a current ratio of 1.45, and a quick ratio of 0.96. According to the stock market information, the enterprise value for the company is $91.41B, which is based on a 28.76 price-to-earnings ratio, a 2.43 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for ETN is $215.06 and a two-hundred day moving average price translates $189.38 for the stock.
The latest earnings results from Eaton Corporation plc (NYSE: ETN) was released for Sep, 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 $1.52 EPS in the same period last year. The net profit margin was 13.24% and return on equity was 17.38% for ETN. The company reported revenue of $5.88 billion for the quarter, compared to $5.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.67 percent. For the current quarter, analysts expect ETN to generate $5.89B in revenue.
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.
