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Tuesday, December 5, 2023

Eaton Corporation plc (NYSE: ETN): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Eaton Corporation plc (ETN) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.82, or -0.37%, to $221.00. The Eaton Corporation plc has recorded 65,617 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Electrification: Powering Next-Generation Transportation and Much More.

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Stocks Info

ETN belongs to the Industrials sector of the NYSE while operating in the Specialty Industrial Machinery industry. At the end of the last regular session, the stock closed at $221.82 and fluctuated between $222.26 as its day high and $217.91 as its day low. The current market capitalization of Eaton Corporation plc is $88.51B. A total of 1.63 million shares were traded on the day, compared to an average of 2.11M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ETN has seen 3 BUY and 4 SELL insider trades, representing the acquisition of 106,950 and the disposition of 106,950 shares. Over the last 12 months, there were 67 BUYs and 88 SELLs from insiders. Insiders purchased 568,901 shares during that period but sold 496,462.

In the most recent transaction, Okray Thomas B sold 4,950 shares of ETN for 231.09 per share on Aug 31. After the transaction, the below. now owns 7,367 company shares. In a previous transaction on Aug 29, Szmagala Taras G. Jr. sold 1,869 shares at 226.68 per share. ETN shares that below. owns now total 7,431.

Among the insiders who sold shares, ARNOLD CRAIG disposed of 100,000 shares on Aug 14 at a per-share price of $219.45. This resulted in the insider below. holding 516,875 shares of ETN after the transaction. In another insider transaction, Monesmith Heath B. sold 9,831 shares at $221.12 per share on Aug 07. Company shares held by the below. now total 57,217.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Eaton Corporation plc pays an annual dividend of $3.41, resulting in a dividend yield of 1.54%, and it has a price to earnings (P/E) ratio of 29.70. ETN’s most recent ex-dividend date was 11/3/2023 when it declared a $0.86 quarterly dividend that was paid in cash on 11/24/2023. Previously, the company paid the dividend on 8/25/2023 with an ex-dividend date of 8/4/2023. The ETN stock dividend was $0.86 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ETN in the last 3 months, the mean price target is $235.82 with high estimates of $270.00 and low estimates of $187.00. In terms of 52-week highs and lows, ETN has a high of $240.44 and a low of $150.86.

As of this writing, ETN has an earnings estimate of $2.34 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $2.37 per share and a lower estimate of $2.31. The company reported an EPS of $1.88 in the last quarter, which was 5.60% higher than expectations of $1.78.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. ETN’s latest balance sheet shows that the firm has $568.00M in Cash & Short Term Investments as of fiscal 2021. There were $8.92B in debt and $7.21B in liabilities at the time. Its Book Value Per Share was $46.04, while its Total Shareholder’s Equity was $16.45B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ETN is Buy with a score of 4.07.

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