Eaton Corporation plc (NYSE:ETN) shares traded -2.86% lower at $283.70 on Wall Street last session.
ETN stock price is now -10.58% away from the 50-day moving average and -12.70% away from the 200-day moving average. The market capitalization of the company currently stands at $111.21B.
With the price target maintained at $340, KeyBanc Capital Markets recently Upgraded its rating from Sector Weight to Overweight for Eaton Corporation plc (NYSE: ETN). On January 28, 2025, Melius Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $373, while ‘UBS’ rates the stock as ‘Buy’
In other news, Thompson Dorothy C, Director sold 285 shares of the company’s stock on Aug 13 ’24. The stock was sold for $82,510 at an average price of $289.51. Upon completion of the transaction, the Director now directly owns 516 shares in the company, valued at $0.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 13 ’24, Director PAGE GREGORY R sold 10,000 shares of the business’s stock. A total of $3,559,800 was realized by selling the stock at an average price of $355.98. This leaves the insider owning 43,203 shares of the company worth $12.26 million. A total of 0.23% of the company’s stock is owned by insiders.
During the past 12 months, Eaton Corporation plc has had a low of $255.65 and a high of $379.99. As of last week, the company has a debt-to-equity ratio of 0.54, a current ratio of 1.50, and a quick ratio of 0.96. According to the stock market information, the enterprise value for the company is $119158398976, which is based on a 29.86 price-to-earnings ratio, a 2.59 price-to-earnings-growth ratio, and a beta of 1.04. The fifty day moving average price for ETN is $317.2816 and a two-hundred day moving average price translates $324.95285 for the stock.
The latest earnings results from Eaton Corporation plc (NYSE: ETN) was released for 2024-12-31. The net profit margin was 15.25% and return on equity was 20.23% for ETN. The company reported revenue of $6.24 billion for the quarter, compared to $5.97 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.58 percent.
