In today’s recent session, 0.97 million shares of the Eaton Corporation plc (NYSE:ETN) have been traded, and its beta is 1.14. Most recently the company’s share price was $337.07, and it changed around $6.56 or 1.99% from the last close, which brings the market valuation of the company to $131.90B. ETN at last check was trading at a discount to its 52-week high of $379.99, offering almost -12.73% off that amount. The share price’s 52-week low was $231.85, which indicates that the recent value has risen by an impressive 31.22% since then. We note from Eaton Corporation plc’s average daily trading volume that its 10-day average is 1.9 million shares, with the 3-month average coming to 2.86 million.
Eaton Corporation plc stock received a consensus recommendation rating of Buy, based on a mean score of 1.97. If we narrow it down even further, the data shows that 0 out of 30 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 10 recommended ETN as a Hold, whereas 12 deemed it a Buy, and 1 rated it as Underweight. Eaton Corporation plc is expected to report earnings per share of 2.92 for the current quarter.
Eaton Corporation plc (NYSE:ETN) trade information
Instantly ETN has been showing a green trend so far today with a performance of 1.99% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 339.70 on recent trading dayincreased the stock’s daily price by 0.77%. The company’s shares are currently up 1.57% year-to-date, but still up 3.49% over the last five days. On the other hand, Eaton Corporation plc (NYSE:ETN) is 2.36% up in the 30-day period. We can see from the shorts that 7.28 million shares have been sold at a short interest cover period of 2.95 day(s).
The consensus price target as assigned by Wall Street analysts is $356, which translates to bulls needing to increase their stock price by 5.32% from its current value. Analyst projections state that ETN is forecast to be at a low of $315 and a high of $380.
Eaton Corporation plc (ETN) estimates and forecasts
The year-over-year growth rate is expected to be 9.67%, up from the previous year.
Consensus estimates provided by 16 financial analysts predict the company will bring in an average of 6.92B in revenue for the current quarter. 17 analysts expect Eaton Corporation plc to make 7.04B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 6.35B and 6.34B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 9.01%. Forecasts for the next quarter put sales growth at 11.03%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 12.57%. Eaton Corporation plc earnings are expected to increase by 11.20% in 2025, but the outlook is positive 11.72% per year for the next five years.
ETN Dividends
Eaton Corporation plc’s next quarterly earnings report is expected to be released on 2025-May-02. The annual dividend yield of the stock is 1.17 percent and its annual dividend per share was 3.96. It is important to note, however, that the 1.17% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 1.84 per year.
Eaton Corporation plc (NYSE:ETN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.19% of Eaton Corporation plc shares, and 86.16% of them are in the hands of institutional investors. The stock currently has a share float of 86.32%. Eaton Corporation plc stock is held by 2844.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.2481% of the shares, which is about 36.92 million shares worth $11.58 billion.
BLACKROCK INC., with 7.2065% or 28.77 million shares worth $9.02 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
