Eastern Bank Lifted Eaton Corp Plc (ETN) Holding

May 20, 2018 - By Louis Casey

Eaton Corporation plc (NYSE:ETN) LogoInvestors sentiment increased to 1.15 in Q4 2017. Its up 0.15, from 1 in 2017Q3. It increased, as 41 investors sold ETN shares while 281 reduced holdings. 104 funds opened positions while 267 raised stakes. 331.54 million shares or 0.44% more from 330.10 million shares in 2017Q3 were reported. Hanson And Doremus Invest Mngmt holds 972 shares. Meritage Management reported 52,595 shares. Flippin Bruce And Porter Inc reported 2.24% in Eaton Corporation plc (NYSE:ETN). Northern Trust Corporation holds 6.24M shares. Stratos Wealth Prtn holds 0.11% of its portfolio in Eaton Corporation plc (NYSE:ETN) for 32,155 shares. Massmutual Trust Fsb Adv has invested 0.03% of its portfolio in Eaton Corporation plc (NYSE:ETN). Parametric Limited Liability Company reported 1.23 million shares. Cornerstone Advisors invested 0.04% in Eaton Corporation plc (NYSE:ETN). Palladium Prtn holds 16,995 shares or 0.1% of its portfolio. Johnson Inv Counsel holds 0.05% or 24,411 shares. Barrow Hanley Mewhinney Strauss Limited Liability Com accumulated 126,453 shares or 0.01% of the stock. Prentiss Smith And has invested 0.01% in Eaton Corporation plc (NYSE:ETN). Shellback LP holds 0.27% or 45,148 shares. Eaton Vance Mngmt accumulated 158,329 shares. Puzo Michael J, a Massachusetts-based fund reported 3,400 shares.

Eastern Bank increased its stake in Eaton Corp Plc (ETN) by 300% based on its latest 2017Q4 regulatory filing with the SEC. Eastern Bank bought 144,769 shares as the company’s stock rose 2.84% while stock markets declined. The institutional investor held 193,026 shares of the technology company at the end of 2017Q4, valued at $15.25M, up from 48,257 at the end of the previous reported quarter. Eastern Bank who had been investing in Eaton Corp Plc for a number of months, seems to be bullish on the $34.37 billion market cap company. The stock increased 1.18% or $0.92 during the last trading session, reaching $78.59. About 2.59M shares traded. Eaton Corporation plc (NYSE:ETN) has risen 9.67% since May 20, 2017 and is uptrending. It has underperformed by 1.88% the S&P500.

More news for Eaton Corporation plc (NYSE:ETN) were recently published by: Seekingalpha.com, which released: “Eaton +1.3% after raising guidance” on May 01, 2018. Seekingalpha.com‘s article titled: “Eaton Not Getting Much Love At All” and published on May 02, 2018 is yet another important article.

Eaton Corporation plc (NYSE:ETN) Ratings Coverage

Among 12 analysts covering Eaton Corporation (NYSE:ETN), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. Eaton Corporation had 22 analyst reports since December 10, 2017 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, May 3. As per Wednesday, January 3, the company rating was maintained by RBC Capital Markets. J.P. Morgan upgraded the stock to “Hold” rating in Thursday, March 1 report. Stifel Nicolaus maintained Eaton Corporation plc (NYSE:ETN) rating on Sunday, December 10. Stifel Nicolaus has “Hold” rating and $80.0 target. On Friday, January 19 the stock rating was maintained by Stifel Nicolaus with “Hold”. The rating was upgraded by Stifel Nicolaus on Monday, February 5 to “Buy”. The rating was maintained by Citigroup on Wednesday, May 2 with “Buy”. The firm has “Outperform” rating given on Monday, May 7 by Evercore. The stock of Eaton Corporation plc (NYSE:ETN) has “Hold” rating given on Thursday, February 1 by Jefferies. Robert W. Baird maintained Eaton Corporation plc (NYSE:ETN) on Thursday, February 1 with “Buy” rating.

Eaton Corporation plc (NYSE:ETN) Ratings Chart

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