Eaton Corporation plc (ETN): Look at its Technical Analysis


Eaton Corporation plc (NYSE:ETN) changes shares on Thursday trading session, with a change of -1.47% or -$1.31 shares. The trading starts at $88.10 and closed at $88.84 throughout the day. The trading session low price was $87.155 and day high was $88.83 on Thursday, June 18. After the session, the Industrials sector daily volume shifted to 1.93 million while its average volume is 2.81M. In other hand, the ETN market cap reached to $34.65B. While, its current target price is $87.53 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 2.82% and up 14.66% for month. Its quarterly performance was 20.81% above, while its half year performance is down -7.11%. ETN yearly performance stood at positive 9.48% and fall -7.59% for year-to-date. Current recommendation for Eaton Corporation plc is 2.20.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ETN EPS (TTM) for 12-month is 5.09. EPS for this year is 7.00%, while for the next year its value is 4.68. Sales growth for the current quarter is 3.66 while its EPS Q/Q reached -13.10%. It has an EPS of 6.90% up for past five years and for the next five years will be up 4.70%.

Let’s take a look on the analyst recommendations on ETN for the current month and previous month. For the current month, 14 of 24 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 10 as Hold. As compared with the previous month ratings, 24 analysts participate in stock recommendation. Out of 24, 0 rated it sell, 14 rated it as Buy and 9 as Hold Ratings. On the other hand, target price ranges from $77.00-$110.00. Average target price for ETN was reached at $93.60.

The insider ownership moved to 0.20% and institutional holding shifted to 83.20%.

The company posted an EPS (TTM) of 5.09. According to the most recent quarter report on (Jun 2020), 21 analysts estimated an average EPS of 0.55, while 1.53 EPS posted a year ago period. Analyst Estimated EPS for ETN published in the report was 0.35-0.68 during the same period. Comparing with last year, the average estimated EPS was 1.53 which is higher than 1.09 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ETN rise 0.31% for period of 200 days. SMA for 50 days was 6.48% which is showing green signal, while SMA-20 was 0.68%. The moving average value for Eaton Corporation plc (ETN) is 88.00 and 83.67 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in ETN stock. On Jun 08, SMITH GERALD B, Director, sold 4,000 trading shares at the cost of $95.82, which valued at 0.38 million. On Jun 05, Yadav Uday, See Remarks below., sold 6,233 shares at the cost of $96.29, with total shares of 18,990. On Jun 05, CRITELLI MICHAEL J, Director, sold 5,000 shares at the cost of 98.03. After this transaction, CRITELLI MICHAEL J total shares reached to 38,066 which valued at 0.49 million.