Eaton shares fell -1.4% this morning to a price of $185.91. The stock is still trading within range of its average target price of $191.71, and over the last 52 weeks, it has recorded a 32.4% performance. Analysts have given the large-cap Farm & Heavy Construction Machinery stock target prices ranging from $159.0 to $221.0 dollars per share, with an average rating of buy.
Eaton's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.1%. The stock's short ratio is 2.71. The company's insiders own 0.27% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 84.0%. In conclusion, we believe there is mixed market sentiment regarding Eaton.
Institutions Invested in Eaton
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group, Inc. (The) | 9% | 36,041,158 | $6,700,411,815 |
| 2023-03-31 | Blackrock Inc. | 7% | 27,126,992 | $5,043,179,182 |
| 2023-03-31 | JP Morgan Chase & Company | 5% | 19,311,072 | $3,590,121,466 |
| 2023-03-31 | State Street Corporation | 4% | 16,538,340 | $3,074,642,849 |
| 2023-03-31 | Massachusetts Financial Services Co. | 4% | 14,590,569 | $2,712,532,736 |
| 2023-03-31 | Bank of America Corporation | 4% | 14,162,306 | $2,632,914,360 |
| 2023-03-31 | Morgan Stanley | 3% | 13,012,437 | $2,419,142,210 |
| 2023-03-31 | FMR, LLC | 3% | 10,075,604 | $1,873,155,576 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 7,084,548 | $1,317,088,344 |
| 2023-03-31 | Price (T.Rowe) Associates Inc | 2% | 6,390,228 | $1,188,007,310 |
