Today’s Stock On Watch: Eaton Corp (NYSE:ETN) Institutional Investor Sentiment

January 11, 2017 - By Dolores Ford   ·   0 Comments

Today's Stock On Watch: Eaton Corp (NYSE:ETN) Institutional Investor Sentiment

Sentiment for Eaton Corp (NYSE:ETN)

Eaton Corp (NYSE:ETN) institutional sentiment decreased to 1.07 in Q3 2016. Its down -0.12, from 1.19 in 2016Q2. The ratio has worsened, as 337 investment managers opened new or increased positions, while 316 sold and decreased their positions in Eaton Corp. The investment managers in our partner’s database now possess: 315.03 million shares, down from 324.53 million shares in 2016Q2. Also, the number of investment managers holding Eaton Corp in their top 10 positions increased from 9 to 10 for an increase of 1. Sold All: 51 Reduced: 265 Increased: 257 New Position: 80.

About 1.64M shares traded hands. Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) has risen 7.48% since June 7, 2016 and is uptrending. It has outperformed by 0.06% the S&P500.

Analysts await Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) to report earnings on February, 1. They expect $1.10 earnings per share, down 5.98% or $0.07 from last year’s $1.17 per share. ETN’s profit will be $488.25M for 15.55 P/E if the $1.10 EPS becomes a reality. After $1.15 actual earnings per share reported by Eaton Corporation, PLC Ordinary Shares for the previous quarter, Wall Street now forecasts -4.35% negative EPS growth.

According to Zacks Investment Research, “Eaton Corporation plc is a power management company. The Company is a provider of electrical products, systems and services for power distribution and control, power transmission, lighting and wiring products; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. It serves the Agriculture and Forestry, Aviation, Community Infrastructure, Construction, Data Centers, Energy, Government & Military, Healthcare, Manufacturing & Industrial, Residential and Vehicles markets. Eaton Corporation plc, formerly known as Eaton Corporation Limited is headquartered in Cleveland, Ohio.”

Sandhill Capital Partners Llc holds 4.26% of its portfolio in Eaton Corporation, PLC Ordinary Shares for 215,525 shares. Speece Thorson Capital Group Inc owns 278,214 shares or 3.92% of their US portfolio. Moreover, Mcrae Capital Management Inc has 3.87% invested in the company for 129,653 shares. The New York-based Matrix Asset Advisors Inc Ny has invested 3.63% in the stock. Lyrical Asset Management Lp, a New York-based fund reported 2.60 million shares.#img1#

Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) Ratings Coverage

Ratings analysis reveals 30% of Eaton Corporation’s analysts are positive. Out of 23 Wall Street analysts rating Eaton Corporation, 7 give it “Buy”, 2 “Sell” rating, while 14 recommend “Hold”. The lowest target is $51 while the high is $80. The stock’s average target of $61.11 is -10.66% below today’s ($68.4) share price. ETN was included in 45 notes of analysts from July 31, 2015. The company was maintained on Monday, May 2 by Buckingham Research. The rating was downgraded by Barclays Capital to “Equal-Weight” on Monday, October 5. KeyBanc Capital Markets downgraded Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) on Friday, September 9 to “Sector Weight” rating. Citigroup maintained it with “Buy” rating and $60 target price in Thursday, February 4 report. The firm has “Sector Perform” rating given on Wednesday, November 2 by RBC Capital Markets. The company was downgraded on Thursday, October 15 by William Blair. On Monday, October 19 the stock rating was initiated by CLSA with “Underperform”. Bernstein maintained Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) on Monday, May 2 with “Market Perform” rating. The stock of Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) earned “Underperform” rating by Credit Agricole on Monday, October 19. The rating was downgraded by Vertical Research to “Hold” on Tuesday, January 3.

ETN Company Profile

Eaton Corporation plc (Eaton), incorporated on May 10, 2012, is a power management company. The Firm provides energy-efficient solutions that help its clients to manage electrical, hydraulic and mechanical power. The Firm sells products to clients in over 175 countries. The Firm operates in four divisions: Electrical Products and Electrical Systems and Services, Hydraulics, Aerospace and Vehicle.

More important recent Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on July 20, 2009, also Equitiesfocus.com published article titled: “Market Cap Of Eaton Corporation, PLC (NYSE:ETN) At $30.83B”, Benzinga.com published: “Investors Are Buying Eaton’s Stock Following Q4 Print” on February 03, 2016. More interesting news about Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) was released by: Businesswire.com and their article: “Eaton Corporation plc Completes Acquisition of Cooper Industries to Form …” with publication date: November 30, 2012.

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By Dolores Ford

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