Institutional Investors That Jumped Off The Eaton Corporation plc (ETN) Banwagon

Eaton Corporation plc (NYSE:ETN) marched up 14.14% compared to a 52-week low price of $71.62. The shares were last seen trading -3.74% lower, taking the closing price at $81.75 on 10/10/2018. At recent session, the prices were hovering between $81.69 and $84.84. This company shares are 14.12% off its target price of $93.29 and the current market capitalization stands at $35.84B. The recent change has given its price a -2.91% deficit over SMA 50 and -9.02% deficit over its 52-week high. The stock witnessed -3.89% declines, 6.35% gains and 5.57% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ETN’s volatility during a week at 2.35% and during a month it has been found around 1.59%.

Eaton Corporation plc (ETN) Top Holders

Institutional investors currently hold around $29.45 billion or 82% in ETN stock. Look at its top three institutional owners. Vanguard Group Inc owns $2.69 billion in Eaton Corporation plc, which represents roughly 7.49% of the company’s market cap and approximately 9.12% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 29,464,156 shares of the stock are valued at $2.5 billion. The third largest holder is Wellington Management Group Llp, which currently holds $1.96 billion worth of this stock and that ownership represents nearly 5.48% of its market capitalization.

Eaton Corporation plc 13F Filings

At the end of June reporting period, 503 institutional holders increased their position in Eaton Corporation plc (NYSE:ETN) by some 21,695,742 shares, 419 decreased positions by 26,132,027 and 160 held positions by 298,880,263. That puts total institutional holdings at 346,708,032 shares, according to SEC filings. The stock grabbed 85 new institutional investments totaling 3,909,851 shares while 74 institutional investors sold out their entire positions totaling 3,979,348 shares.

Eaton Corporation plc (NYSE:ETN) Insider Trades

Multiple company employees have indulged in significant insider trading. Eaton Corporation plc disclosed in a document filed with the US Securities and Exchange Commission (SEC) that below. Semelsberger Ken D has sold 11,500 shares of Eaton Corporation plc (ETN) in trading session dated Sep. 13, 2018. These shares are worth $995,555 and were traded at $86.57 each. The SEC filing shows that Mccoy Deborah L performed a sale of 3,000 shares. The Director disposed these shares by way of transaction on Sep. 06, 2018. The company’s shares were given away at $84.55 per share worth to an income of some $253,650 on account of Mccoy Deborah L.

below., Fearon Richard H, sold 25,000 common shares of Eaton Corporation plc (ETN) in the open market. In a transaction dated Sep. 05, 2018, the shares were put up for sale at an average price of $83.29, raking in a sum of $2,082,250. After this sale, 221,459 common shares of ETN are directly owned by the insider, with total stake valued at $18,104,273.

In the transaction dated Aug. 30, 2018, the great number of shares disposed came courtesy the below.; Advaithi Revathi disposed a total of 15,500 shares at an average price of $82.98, amounting to approximately $1,286,190. The insider now directly owns 26,010 shares worth $2,126,318.

Eaton Corporation plc (ETN) Analyst Guide

Several analysts have released their opinion on Eaton Corporation plc (NYSE:ETN), with 9 analysts believing it is a strong buy. Whereas 7 of them predict the stock is a hold. Also, there are 4 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation.