Eaton stock is trading -13.88% below its average target price of $344.51 after dropping -1.9% during today's afternoon session. Analysts are giving the Large-Cap Farm & Heavy Construction Machinery company an average rating of buy and target prices ranging from $280.0 to $385.0 per share.
Eaton's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.2%. The stock's short ratio is 1.8. The company's insiders own 0.21% 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 86.0%. In conclusion, we believe there is mixed market sentiment regarding Eaton.
Institutions Invested in Eaton
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 9% | 36,918,579 | $10,953,003,747 |
| 2024-06-30 | Blackrock Inc. | 7% | 28,768,508 | $8,535,040,742 |
| 2024-06-30 | JP Morgan Chase & Company | 6% | 22,011,464 | $6,530,360,978 |
| 2024-06-30 | FMR, LLC | 5% | 20,072,342 | $5,955,062,277 |
| 2024-06-30 | State Street Corporation | 4% | 16,704,426 | $4,955,868,983 |
| 2024-06-30 | Bank of America Corporation | 3% | 12,651,987 | $3,753,591,410 |
| 2024-06-30 | Massachusetts Financial Services Co. | 3% | 10,322,650 | $3,062,523,726 |
| 2024-06-30 | Morgan Stanley | 2% | 9,838,194 | $2,918,795,323 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 8,012,825 | $2,377,244,862 |
| 2024-06-30 | Capital World Investors | 2% | 6,150,378 | $1,824,694,099 |
