The trading price of Eaton Corporation plc (NYSE:ETN) floating lower at last check on Wednesday, July 17, closing at $316.99, -4.65% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 37.41. In examining the 52-week price action we see that the stock hit a 52-week high of $345.19 and a 52-week low of $191.82. Over the past month, the stock has lost -0.64% in value.
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Eaton Corporation plc, whose market valuation is $126.73 billion at the time of this writing. The dividend yield on the company stock is 1.14%, while its Forward Dividend ratio is 3.60. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest ETN has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 2.67, which symbolizes a positive outlook. A quick review shows that ETN’s price is currently -1.39% off the SMA20 and -2.71% off the SMA50. The RSI metric on the 14-day chart is currently showing 44.91, and weekly volatility stands at 2.04%. When measured over the past 30 days, the indicator reaches 2.11%. Eaton Corporation plc (NYSE:ETN)’s beta value is currently sitting at 1.01, while the Average True Range indicator is currently displaying 7.82.
To see how Eaton Corporation plc stock has been performing today in comparison to its peers in the industry, here are the numbers: ETN stock’s performance was -4.65% at last check in today’s session, and 53.91% in the past year. Eaton Corporation plc has a P/E ratio of 37.41.
An evaluation of the daily trading volume of Eaton Corporation plc (NYSE:ETN) indicates that the 3-month average is 2.12 million.
Currently, records show that 399.40 million of the company’s shares remain outstanding. The insiders hold 0.24% of outstanding shares, whereas institutions hold 83.98%. However, since the stock’s price has seen 31.63% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
