The price of Eaton Corporation plc (NYSE:ETN) shares last traded on Wall Street fell -4.02% to $313.46.
ETN stock price is now -2.95% away from the 50-day moving average and 20.00% away from the 200-day moving average. The market capitalization of the company currently stands at $125.32B.
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On April 05, 2024, RBC Capital Mkts Upgraded its previous ‘Sector Perform’ rating to ‘Outperform’ on the stock increasing its target price from $286 to quote $371, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Monesmith Heath B., insider sold 16,180 shares of the company’s stock on May 16 ’24. The stock was sold for $5,414,545 at an average price of $334.64. Upon completion of the transaction, the insider now directly owns 70,350 shares in the company, valued at $22.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 08 ’24, See Remarks below. Denk Peter sold 2,416 shares of the business’s stock. A total of $801,735 was realized by selling the stock at an average price of $331.84. This leaves the insider owning 5,086 shares of the company worth $1.59 million. A total of 0.24% of the company’s stock is owned by insiders.
During the past 12 months, Eaton Corporation plc has had a low of $182.20 and a high of $345.19. As of last week, the company has a debt-to-equity ratio of 0.51, a current ratio of 1.56, and a quick ratio of 1.05. According to the stock market information, the enterprise value for the company is $132702306304, which is based on a 37.00 price-to-earnings ratio, a 2.63 price-to-earnings-growth ratio, and a beta of 1.03. The fifty day moving average price for ETN is $323.0288 and a two-hundred day moving average price translates $261.7149 for the stock.
The latest earnings results from Eaton Corporation plc (NYSE: ETN) was released for 2024-03-31. The net profit margin was 14.38% and return on equity was 18.52% for ETN. The company reported revenue of $5.94 billion for the quarter, compared to $5.48 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.39 percent.
