Eaton Corp (NYSE:ETN) Big Money Sentiment Is 0.96

June 27, 2018 - By Alex Paulin

Eaton Corporation plc (NYSE:ETN) Corporate Logo

“Big money” Positions

In Q1 2018 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 hedge funds increased and started new positions, while 358 cut down and sold positions in Eaton Corp so the sentiment worsened. These funds own 334.54 million shares, that’s up from 331.54 million shares in 2017Q4. Funds holding Eaton Corp in top 10 changed to 8 from 7 for an increase of 1. In total 56 funds closed positions, 302 reduced and 266 increased. Also 76 funds bought new Eaton Corp stakes.

Biggest Eaton Corp Investors

Matrix Asset Advisors Inc Ny owns 312,511 shares in Eaton Corp as of Q1 2018. Eaton Corp’s shareholder Levin Capital Strategies L.P. owns 2.79 million shares as of Q1 2018. Also, Luminus Management Llc reported 2.36 million shares in Eaton Corp equivalent to 3.92% of its stock exposure. 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, owning 87,520 shares.

Eaton Corporation plc operates as a power management firm worldwide.The company has $33.53 billion market cap. 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.

ETN hit $76.67 during the last trading session after $1.16 change.Currently Eaton Corporation plc is uptrending after 1.24% change in last June 27, 2017. ETN has 253,994 shares volume. ETN underperformed the S&P 500 by 11.33%.

On August, 7 Eaton Corporation plc (NYSE:ETN)’s earnings report is anticipated by WallStreet, according to RTT. The earnings per share diference is $0.15 or 13.04 % up from last years number. Previous year: $1.15; Analysts forcast: $1.30. If reported the P/E will be 14.74 with $568.49 million profit. Analysts at Wall Street see Eaton Corporation plc’s 18.18 % EPS growth compared to $1.10 earnings per share for last quarter.

Mariner Ltd Liability Com holds 0.06% or 20,944 shs. Korea Corporation invested 0.05% of its capital in Eaton Corporation plc (NYSE:ETN). State Of Wisconsin Invest Board owns 466,977 shs for 0.11% of their capital. Element Llc invested in 241,762 shs or 0.45% of the stock. First In reported 400 shs stake. 444,650 are owned by Bridgeway Capital Mgmt Incorporated. Geode Mngmt Ltd Liability Corporation, a Massachusetts-based fund reported 4.85 million shs. First Fincl Bank Of Omaha has invested 0.42% in Eaton Corporation plc (NYSE:ETN). Lipe Dalton stated it has 0.26% in Eaton Corporation plc (NYSE:ETN). Opus Invest Incorporated reported 18,000 shs. 24,445 were reported by Private Harbour Inv Mgmt Counsel Ltd. Brown Advisory Incorporated invested 0.01% in Eaton Corporation plc (NYSE:ETN). Valley National Advisers reported 11,481 shs. Livforsakringsbolaget Skandia Omsesidigt holds 0.19% or 6,739 shs. Fulton Bankshares Na accumulated 0.03% or 4,820 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 Robert W. Baird upgraded Eaton Corporation plc (NYSE:ETN) to “Buy” rating. On Wednesday, January 3 the rating was maintained by RBC Capital Markets with “Hold”. On Thursday, February 1 the firm earned “Buy” rating by Robert W. Baird. On Tuesday, January 2 the rating was maintained by Stifel Nicolaus with “Hold”. On Thursday, May 3 the rating was maintained by Stifel Nicolaus with “Buy”. On Thursday, March 1 the stock of Eaton Corporation plc (NYSE:ETN) earned “Neutral” rating by JP Morgan. On Wednesday, May 2 the firm has “Equal-Weight” rating by Barclays Capital given. On Thursday, March 1 the stock of Eaton Corporation plc (NYSE:ETN) earned “Hold” rating by J.P. Morgan. On Friday, January 19 the firm has “Hold” rating by Stifel Nicolaus given. The stock rating was maintained by Citigroup with “Buy” on Wednesday, May 2.

Eaton Corporation plc (NYSE:ETN) Analyst Ratings Chart

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