Eaton Corporation plc (NYSE:ETN)’s traded shares stood at 1.24 million during the latest session, with the company’s beta value hitting 1.14. At the last check today, the stock’s price was $295.50, to imply a decrease of -2.04% or -$6.16 in intraday trading. The ETN share’s 52-week high remains $379.99, putting it -28.59% down since that peak but still an impressive 21.54% since price per share fell to its 52-week low of $231.85. The company has a valuation of $115.77B, with an average of 2.8 million shares in intraday trading volume over the past 10 days and average of 3.70 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Eaton Corporation plc (ETN), translating to a mean rating of 1.86. Of 13 analyst(s) looking at the stock, 0 analyst(s) give ETN a Sell rating. 1 of those analysts rate the stock as Overweight while 3 advise Hold as 9 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 2.98.
Eaton Corporation plc (NYSE:ETN) trade information
After registering a -2.04% downside in the latest session, Eaton Corporation plc (ETN) has traded red over the past five days. The 5-day price performance for the stock is 2.31%, and 4.11% over 30 days. With these gigs, the year-to-date price performance is -10.96%. Short interest in Eaton Corporation plc (NYSE:ETN) saw shorts transact 7.48 million shares and set a 1.95 days time to cover.
The extremes give us $315 and $382 for target low and target high price respectively. As such, ETN has been trading -29.27% off suggested target high and -6.6% from its likely low.
Eaton Corporation plc (ETN) estimates and forecasts
The rating firms project that company’s revenue will grow 7.52% compared to the previous financial year.
Revenue forecast for the current quarter as set by 16 analysts is 6.77B. Meanwhile, for the current quarter, a total of 16 analyst(s) estimate revenue growth to 6.85B.Earnings reports from the last fiscal year show that sales brought in 6.35B and 6.34B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 6.58% before jumping 7.88% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 12.57% for the past 5-year period. While 2025 is set for a 11.21% return in earnings, projections for the next 5 years are at 11.58% annually.
ETN Dividends
Eaton Corporation plc has its next earnings report out on 2025-Jan-30. 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 3.86, with the share yield ticking at 1.31% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 1.88%.
Eaton Corporation plc (NYSE:ETN)’s Major holders
Eaton Corporation plc insiders hold 0.20% of total outstanding shares, with institutional holders owning 85.24% of the shares at 85.40% float percentage. In total, 85.24% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 36.92 million shares (or 9.2481% of shares), all amounting to roughly $11.58 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 28.77 million shares, or about 7.2065% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $9.02 billion.
We also have VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Eaton Corporation plc (ETN) shares. Going by data provided on Dec 31, 2024 , VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund holds roughly 12.38 shares. This is just over 3.16% of the total shares, with a market valuation of $3.67 billion. Data from the same date shows that the other fund manager holds a little less at 10.7, or 2.73% of the shares, all valued at about 3.17 billion.
