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
|2023-03-31||Vanguard Group, Inc. (The)||9%||36,041,158||$6,700,411,815|
|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||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|