Eastern Bank Has Upped Eaton Corp Plc (ETN) Position

April 17, 2018 - By Max Morgan

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. Woodley Farra Manion Mngmt invested in 65,348 shares or 0.57% of the stock. Bessemer Group Inc reported 13,111 shares stake. Palladium Ptnrs Lc holds 0.1% or 16,995 shares in its portfolio. Great West Life Assurance Co Can accumulated 785,071 shares. Vigilant Cap Management Limited Company stated it has 0.03% of its portfolio in Eaton Corporation plc (NYSE:ETN). Victory Management, a Ohio-based fund reported 152,878 shares. Point72 Asset Mgmt Lp reported 322,448 shares or 0.11% of all its holdings. Moreover, Churchill Management has 0.39% invested in Eaton Corporation plc (NYSE:ETN). Twin holds 118,710 shares. Huntington Bankshares owns 41,523 shares. Trustmark State Bank Tru Department owns 22,647 shares for 0.2% of their portfolio. Whittier Communication owns 182,338 shares or 0.5% of their US portfolio. Moreover, Cambridge Invest Rech Advsrs has 0.02% invested in Eaton Corporation plc (NYSE:ETN). Alethea Cap Mngmt Ltd Llc invested 1.13% in Eaton Corporation plc (NYSE:ETN). Johnson Fin Incorporated invested in 12,372 shares or 0.12% of the stock.

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 $15.25 million, 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 $34.24B market cap company. The stock increased 0.90% or $0.7 during the last trading session, reaching $78.15. About 1.26M shares traded. Eaton Corporation plc (NYSE:ETN) has risen 9.67% since April 17, 2017 and is uptrending. It has underperformed by 1.88% the S&P500.

Eaton Corporation plc (NYSE:ETN) Ratings Coverage

Among 12 analysts covering Eaton Corporation (NYSE:ETN), 6 have Buy rating, 0 Sell and 6 Hold. Therefore 50% are positive. Eaton Corporation had 20 analyst reports since November 1, 2017 according to SRatingsIntel. The rating was maintained by Robert W. Baird on Thursday, February 1 with “Buy”. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, January 2. As per Thursday, March 1, the company rating was upgraded by J.P. Morgan. The firm has “Hold” rating by Jefferies given on Wednesday, November 1. The company was upgraded on Monday, February 5 by Stifel Nicolaus. On Wednesday, November 1 the stock rating was maintained by Credit Suisse with “Buy”. RBC Capital Markets maintained Eaton Corporation plc (NYSE:ETN) on Thursday, February 1 with “Hold” rating. JP Morgan upgraded the stock to “Neutral” rating in Thursday, March 1 report. Stifel Nicolaus maintained it with “Buy” rating and $8800 target in Tuesday, April 3 report. The firm has “Buy” rating given on Thursday, November 2 by Citigroup.

Eaton Corporation plc (NYSE:ETN) Ratings Chart

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