Shares of Eaton Corporation PLC (NYSE:ETN) Sees Large Inflow of Net Money Flow

Eaton Corporation PLC (NYSE:ETN) saw its share price trade relatively negative in the recent trading session. The share price was last updated to $61.62 with a loss of -1.15 points or -1.83%. The net money flow was $11.89 million and the up/down ratio was 1.7. Approximately $28.86 million was the inflow in upticks and $16.97 million was the outflow in downticks. On a weekly measure, the shares have seen a price change of 0.28%.The shares witnessed a block transaction with a net money flow of $11.56 million. The total money in uptick was $12.68 million and in downtick was $1.12 million with the up/down ratio reaching 11.3.


Currently the company Insiders own 0.8% of Eaton Corporation PLC shares according to the proxy statements. Institutional Investors own 75.26% of Eaton Corporation PLC shares. During last six month period, the net percent change held by insiders has seen a change of 6.99%. On the companys insider trading activities,The officer (See Remarks below.) of Eaton Corp Plc, Mcguire Mark M sold 18,751 shares at $63.04 on June 7, 2016. The Insider selling transaction had a total value worth of $1,182,063. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Eaton Corporation PLC (NYSE:ETN) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.99 points or 1.61% at $60.63 with 2,656,193 shares getting traded. Post opening the session at $61.25, the shares hit an intraday low of $60.6 and an intraday high of $61.49 and the price was in this range throughout the day. The company has a market cap of $27,769 million and the number of outstanding shares have been calculated to be 458,000,000 shares. The 52-week high of Eaton Corporation PLC (NYSE:ETN) is $71.33 and the 52-week low is $46.19.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Bernstein, maintains their rating on the shares of Eaton Corporation PLC (NYSE:ETN). Bernstein has a Market Perform rating on the shares. As per the latest research report, the brokerage house raises the price target to $68 per share from a prior target of $65. The rating by the firm was issued on May 2, 2016.

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