The trading price of Eaton Corporation plc (NYSE:ETN) closed higher on Tuesday, April 23, closing at $312.84, 1.54% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 38.99, while its 5Y monthly beta was 1.08. In examining the 52-week price action we see that the stock hit a 52-week high of $331.47 and a 52-week low of $161.12. Over the past month, the stock has lost -1.18% in value.
Eaton Corporation plc, whose market valuation is $125.10 billion at the time of this writing, is expected to release its quarterly earnings report Apr 30, 2024 – May 06, 2024. The dividend yield on the company stock is 1.13%, while its Forward Dividend ratio is 3.52. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest ETN has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 3.42, which symbolizes a positive outlook. A quick review shows that ETN’s price is currently -0.69% off the SMA20 and 4.07% off the SMA50. The RSI metric on the 14-day chart is currently showing 53.53, and weekly volatility stands at 2.52%. When measured over the past 30 days, the indicator reaches 2.21%. Eaton Corporation plc (NYSE:ETN)’s beta value is currently sitting at 1.07, while the Average True Range indicator is currently displaying 7.28.
To see how Eaton Corporation plc stock has been performing in comparison to its peers in the industry, here are the numbers: ETN stock’s performance was 1.54% in the latest trading, and 92.07% in the past year. Eaton Corporation plc has a P/E ratio of 38.99.
An evaluation of the daily trading volume of Eaton Corporation plc (NYSE:ETN) indicates that the 3-month average is 2.05 million.
Currently, records show that 399.40 million of the company’s shares remain outstanding. The insiders hold 0.37% of outstanding shares, whereas institutions hold 84.84%. However, since the stock’s price has seen 29.91% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
