Now Is The Time To Build A Position In Eaton Corporation plc (NYSE:ETN)

Eaton Corporation plc (NYSE:ETN)’s traded shares stood at 0.79 million during the latest session, with the company’s beta value hitting 1.04. At the last check today, the stock’s price was $324.01, to imply a decrease of -3.05% or -$10.19 in intraday trading. The ETN share’s 52-week high remains $345.19, putting it -6.54% down since that peak but still an impressive 45.9% since price per share fell to its 52-week low of $175.29. The company has a valuation of $129.54B, with an average of 2.15 million shares over the past 3 months.

Eaton Corporation plc (NYSE:ETN) trade information

After registering a -3.05% downside in the latest session, Eaton Corporation plc (ETN) has traded red over the past five days. The stock hit a weekly high of 345.19, dropping -3.05% in its intraday price action. The 5-day price performance for the stock is -4.26%, and 3.84% over 30 days. With these gigs, the year-to-date price performance is 34.54%.

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Eaton Corporation plc (ETN) estimates and forecasts

Looking at statistics comparing Eaton Corporation plc share performance against respective industry, we note that the company has underperformed competitors. Eaton Corporation plc (ETN) shares are 43.49% up over the last 6 months, with its year-to-date growth rate lower than industry average at 15.79% against 17.10%.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 10.32% for the past 5-year period. While 2024 is set for a 15.25% return in earnings, projections for the next 5 years are at 14.05% annually.

ETN Dividends

Eaton Corporation plc has its next earnings report out in June. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Eaton Corporation plc has a forward dividend ratio of 3.60, with the share yield ticking at 1.11% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.