Eaton Corporation plc (NYSE:ETN) shares traded lower over the last trading session, losing -0.52% on 04/07/21. The shares fell to a low of $139.67 before closing at $140.38. Intraday shares traded counted 1.88 million, which was 23.18% higher than its 30-day average trading volume of 2.45M. ETN’s previous close was $141.12 while the outstanding shares total 398.90M. The firm has a beta of 1.15, a 12-month trailing P/E ratio of 40.28, and a growth ratio of 2.57. The stock’s Relative Strength Index (RSI) is 59.53, with weekly volatility at 1.71% and ATR at 3.11. The ETN stock’s 52-week price range has touched low of $70.54 and a $143.29 high.
Investors have identified the Specialty Industrial Machinery company Eaton Corporation plc as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $55.44 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Eaton Corporation plc (ETN) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For ETN, the company has in raw cash 438.0 million on their books with 1.05 billion currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 9.18 billion total, with 5.88 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 6.56 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ETN sounds very interesting.
Is the stock of ETN attractive?
In related news, See Remarks below., Yadav Uday sold 2,213 shares of the company’s stock in a transaction that recorded on Mar 05. The sale was performed at an average price of 135.12, for a total value of 299,021. As the sale deal closes, the See Remarks below., BRICKHOUSE BRIAN S now sold 22,758 shares of the company’s stock, valued at 3,090,537. Also, See Remarks below., Faria Joao V sold 3,000 shares of the company’s stock in a deal that was recorded on Feb 25. The shares were price at an average price of 132.80 per share, with a total market value of 398,400. Following this completion of acquisition, the See Remarks below., Yadav Uday now holds 11,769 shares of the company’s stock, valued at 1,555,509. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
17 out of 24 analysts covering the stock have rated it a Buy, while 6 have maintained a Hold recommendation on Eaton Corporation plc. 0 analysts has assigned a Sell rating on the ETN stock. The 12-month mean consensus price target for the company’s shares has been set at $144.33.