Eaton Corporation plc (NYSE:ETN) price on Thursday, August 01, fall -2.40% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $297.49.
A look at the stock’s price movement, the level at last check in today’s session was $304.79. The PE ratio in trailing twelve months stood at 35.11. Turning to its 52-week performance, $345.19 and $191.82 were the 52-week high and 52-week low respectively. Overall, ETN moved -5.04% over the past month.
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Eaton Corporation plc’s market cap currently stands at around $118.94 billion. The company has a Forward Dividend ratio of 3.60, with its dividend yield at 1.21%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ETN is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
The technical evaluation for the stock shows the PEG ratio is 2.50, with ETN’s current price about -5.15% and -7.14% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.14, while 7-day volatility ratio is 3.53% and 2.71% in the 30-day chart. Further, Eaton Corporation plc (ETN) has a beta value of 1.01, and an average true range (ATR) of 11.29.
If we refocus on Eaton Corporation plc (NYSE:ETN), historical trading data shows that trading volumes averaged 2.24 million over the past 3 months. The company’s latest data on shares outstanding shows there are 399.40 million shares.
The 0.24% of Eaton Corporation plc’s shares are in the hands of company insiders while institutional holders own 85.98% of the company’s shares. Current price change has pushed the stock 23.53% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ETN stock continues to rise going into the next quarter.
