Eaton Corp (NYSE:ETN) Big Money Positioning Change, Sentiment at 0.96

June 27, 2018 - By Gwen Gough

Eaton Corporation plc (NYSE:ETN) Corporate Logo

“Big money” Positions

In 2018 Q1 Eaton Corp (NYSE:ETN) big money sentiment decreased to 0.96, according to SEC filings. So its down -0.19, from 2017Q4’s 1.15. 342 funds increased and opened new stock positions, while 358 sold and decreased their stock positions in Eaton Corp so the sentiment dived. These funds own 334.54 million shares, that’s up from 331.54 million shares in 2017Q4. Funds holding Eaton Corp in top 10 increased from 7 to 8 for an increase of 1. 56 Investors Sold All; 302 Reduced Holdings; 266 increased holdings while 76 funds bought holdings.

Largest Eaton Corp Shareholders

Matrix Asset Advisors Inc Ny owns 312,511 shares in Eaton Corp as of 2018 Q1. As of 2018 Q1, 2.79 million shares of Eaton Corp are owned by Levin Capital Strategies L.P.. Luminus Management Llc reported 2.36 million shares. Speece Thorson Capital Group Inc revealed 243,975 shares position in Eaton Corp. The Maine-based fund Bar Harbor Trust Services looks positive on Eaton Corp, having 87,520 shares.

Eaton Corporation plc operates as a power management firm worldwide.The firm is worth $33.53 billion. The Company’s Electrical Products segment offers electrical and industrial components, residential products, single phase power quality products, emergency lighting and fire detection products, wiring devices, structural support systems, and circuit protection and lighting products.The P/E ratio is 11.22. The companyÂ’s Electrical Systems and Services segment provides power distribution and assemblies, three phase power quality products, hazardous duty electrical equipment, explosion-proof instrumentation, utility power distribution, power reliability equipment, and services.

Ticker’s shares touched $76.67 during the last trading session after 1.54% change.Currently Eaton Corporation plc is uptrending after 1.24% change in last June 27, 2017. ETN has 253,994 shares volume. The stock underperformed the S&P 500 by 11.33%.

Eaton Corporation plc (NYSE:ETN)’s earnings report is anticipated on August, 7., Faxor reports. Analysts have anticipation on stock’s EPS of $1.30. That’s up 13.04 % from last year’s $1.15 EPS. ETN’s profit could be $568.49M with 14.74 P/E in case $1.30 EPS is announced. 18.18 % EPS growth is what Wall Street’s predicts after $1.10 reported EPS last quarter.

Callahan Advisors Ltd Company holds 15,009 shs. 15,194 were accumulated by Fred Alger. 174,350 are held by Skba Capital Management Limited Com. Nomura Asset Mgmt Com Limited holds 0.24% in Eaton Corporation plc (NYSE:ETN) or 273,760 shs. Verition Fund Mgmt Ltd Limited Liability Company reported 19,173 shs stake. 354 are held by Archford Cap Strategies Lc. Signaturefd invested in 0.03% or 3,550 shs. Moors & Cabot accumulated 68,399 shs. Anchor Bolt Ltd Partnership invested 1.53% in Eaton Corporation plc (NYSE:ETN). Counselors has 92,524 shs. Texas Yale has invested 0.11% in Eaton Corporation plc (NYSE:ETN). Commerzbank Aktiengesellschaft Fi holds 11,763 shs or 0.01% of its capital. Kcm Investment Advsrs Ltd Liability Co holds 13,371 shs or 0.06% of its capital. Associated Banc invested 0.83% of its capital in Eaton Corporation plc (NYSE:ETN). First Allied Advisory Services reported 26,085 shs.

Eaton Corporation plc (NYSE:ETN) Ratings Coverage

A total of 12 analysts rate Eaton Corporation (NYSE:ETN) as follows: 7 “Buy”, 5 “Hold” and 0 “Sell”. Тherefore 58% are bullish. The firm has $102.0 highest and $77.0 lowest target. The avg target $86 is 12.17% above the last ($76.67) price. (NYSE:ETN) has 21 ratings reports on 27 Jun 2018 according to StockzIntelligence. On Wednesday, January 3 the stock of Eaton Corporation plc (NYSE:ETN) has “Hold” rating given by RBC Capital Markets. On Thursday, February 1 the firm has “Buy” rating given by Robert W. Baird. On Thursday, February 1 RBC Capital Markets maintained Eaton Corporation plc (NYSE:ETN) rating. RBC Capital Markets has “Hold” rating and $84.0 target. On Friday, January 19 the company was maintained by Stifel Nicolaus. On Monday, May 7 Evercore upgraded the shares of ETN in report to “Outperform” rating. The stock rating was upgraded by Bank of America to “Buy” on Friday, May 18. The company rating was maintained by Jefferies on Thursday, February 1. On Thursday, March 1 the firm earned “Neutral” rating by JP Morgan. On Monday, March 26 the firm has “Buy” rating by Jefferies given. On Tuesday, April 10 the stock of Eaton Corporation plc (NYSE:ETN) earned “Buy” rating by Goldman Sachs.

Eaton Corporation plc (NYSE:ETN) Analyst Ratings Chart

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