Eaton Corporation PLC (ETN) Dips 3.76% for October 02

Equities Staff  |

Among the S&P 500’s biggest fallers on Wednesday October 02 was Eaton Corporation PLC (ETN). The stock experienced a 3.76% decline to $77.76 with 2.76 million shares changing hands.

Eaton Corporation PLC started at an opening price of 79.68 and hit a high of $79.68 and a low of $76.86. Ultimately, the stock took a hit and finished the day at $3.04 per share. Eaton Corporation PLC trades an average of n/a shares a day out of a total 420 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Eaton Corporation PLC hit a high of $89.07 and a low of $64.46 over the last year.

Eaton Corporation is a diversified power management company operating for over 100 years. The company operates through various segments, including Electrical Products, Electrical Systems and Services, Hydraulics, Aerospace, Vehicle, and most recently, eMobility. Eaton's portfolio can broadly be divided into two halves. One part of its portfolio is housed under its Industrial Sector umbrella, which serves a large variety of end markets like commercial vehicles, general aviation, trucks, and construction markets, among others. The other portion is Eaton's Electrical Sector Portfolio, which was strengthened with its acquisition of Cooper Industries in 2012. While the company receives favorable tax treatment as a domiciliary of Ireland, most of its operations take place in the United States.

With its headquarters located in Dublin, , Eaton Corporation PLC employs 100,000 people. After today’s trading, the company’s market cap has fallen to $32.66 billion, a P/S of n/a, a P/B of 2, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on Eaton Corporation PLC and to follow the company’s latest updates, you can visit the company’s profile page here: ETN’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:



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