There Is A Quest For Clarity Surrounding Eaton Corporation plc (NYSE: ETN) Volatility

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that Eaton Named to FORTUNE’s 2024 World’s Most Admired Companies List for Seventh Straight Year.

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Stocks Info

This NYSE-listed company operates within the Specialty Industrial Machinery industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $269.42 and fluctuated between $270.70 as its day high and $266.56 as its day low. The current market capitalization of Eaton Corporation plc is $107.58B. A total of 1.92 million shares were traded on the day, compared to an average of 1.60M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, ETN has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 64 BUYs and 84 SELLs from insiders. Insiders purchased 552,942 shares during that period but sold 482,319.

In the most recent transaction, RUIZ STERNADT PAULO sold 2,639 shares of ETN for 228.05 per share on Dec 04. After the transaction, the below. now owns 11,636 company shares. In a previous transaction on Aug 31, Okray Thomas B sold 4,950 shares at 231.09 per share. ETN shares that below. owns now total 7,367.

Among the insiders who sold shares, Szmagala Taras G. Jr. disposed of 1,869 shares on Aug 29 at a per-share price of $226.68. This resulted in the insider below. holding 7,431 shares of ETN after the transaction. In another insider transaction, ARNOLD CRAIG sold 100,000 shares at $219.45 per share on Aug 14. Company shares held by the below. now total 516,875.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Eaton Corporation plc pays an annual dividend of $3.91, resulting in a dividend yield of 1.45%, and it has a price to earnings (P/E) ratio of 33.60. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for ETN in the last 3 months, the mean price target is $277.38 with high estimates of $315.40 and low estimates of $200.00. In terms of 52-week highs and lows, ETN has a high of $271.78 and a low of $155.38.

As of this writing, ETN has an earnings estimate of $2.24 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $2.31 per share and a lower estimate of $2.13. The company reported an EPS of $2.47 in the last quarter, which was 5.60% higher than expectations of $2.34.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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 4.13.

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