This evening we watched Eaton drop -2.8% to a price of $319.02 per share. The Large-Cap Farm & Heavy Construction Machinery company is now trading -6.93% below its average target price of $342.77. Analysts have set target prices ranging from $280.0 to $375.0 per share for Eaton, and have given the stock 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 1.0%. The stock's short ratio is 1.65. The company's insiders own 0.2% 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 85.9%. In conclusion, we believe there is mixed market sentiment regarding Eaton.
Institutions Invested in Eaton
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 9% | 36,616,375 | $11,681,355,550 |
| 2024-03-31 | Blackrock Inc. | 7% | 27,758,305 | $8,855,454,156 |
| 2024-03-31 | JP Morgan Chase & Company | 6% | 23,989,678 | $7,653,186,812 |
| 2024-03-31 | FMR, LLC | 6% | 23,096,278 | $7,368,174,353 |
| 2024-03-31 | State Street Corporation | 4% | 16,831,828 | $5,369,689,583 |
| 2024-03-31 | Bank of America Corporation | 3% | 13,538,325 | $4,318,996,292 |
| 2024-03-31 | Massachusetts Financial Services Co. | 3% | 11,811,358 | $3,768,059,299 |
| 2024-03-31 | Morgan Stanley | 2% | 9,483,279 | $3,025,355,562 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 7,850,237 | $2,504,382,521 |
| 2024-03-31 | Nuveen Asset Management, LLC | 1% | 5,059,405 | $1,614,051,327 |
