Hamlin Capital Management Has Cut Its Eaton Plc (ETN) Position by $33.71 Million; Stock Rose; Mckinley Capital Management Has Lifted Its Rogers Comm. (RCI) Stake by $616,100

December 8, 2017 - By Nellie Frank

Robert B. Gillam increased its stake in Rogers Comm. Inc. (RCI) by 0.95% based on its latest 2017Q2 regulatory filing with the SEC. Mckinley Capital Management Inc bought 10,100 shares as the company’s stock rose 4.21% with the market. The hedge fund run by Robert B. Gillam held 1.07M shares of the consumer services company at the end of 2017Q2, valued at $65.80M, up from 1.06 million at the end of the previous reported quarter. Mckinley Capital Management Inc who had been investing in Rogers Comm. Inc. for a number of months, seems to be bullish on the $26.54B market cap company. The stock decreased 0.81% or $0.42 during the last trading session, reaching $51.15. About 300,616 shares traded. Rogers Communications Inc. (NYSE:RCI) has risen 20.75% since December 8, 2016 and is uptrending. It has outperformed by 4.05% the S&P500.

Hamlin Capital Management Llc decreased its stake in Eaton Corp Plc (ETN) by 38.6% based on its latest 2017Q2 regulatory filing with the SEC. Hamlin Capital Management Llc sold 437,729 shares as the company’s stock rose 8.91% with the market. The institutional investor held 696,241 shares of the technology company at the end of 2017Q2, valued at $54.19 million, down from 1.13 million at the end of the previous reported quarter. Hamlin Capital Management Llc who had been investing in Eaton Corp Plc for a number of months, seems to be less bullish one the $34.37B market cap company. The stock increased 1.94% or $1.47 during the last trading session, reaching $77.26. About 3.54 million shares traded or 48.88% up from the average. Eaton Corporation plc (NYSE:ETN) has risen 31.02% since December 8, 2016 and is uptrending. It has outperformed by 14.32% the S&P500.

Analysts await Eaton Corporation plc (NYSE:ETN) to report earnings on February, 1. They expect $1.24 earnings per share, up 10.71% or $0.12 from last year’s $1.12 per share. ETN’s profit will be $551.55M for 15.58 P/E if the $1.24 EPS becomes a reality. After $1.25 actual earnings per share reported by Eaton Corporation plc for the previous quarter, Wall Street now forecasts -0.80% negative EPS growth.

Hamlin Capital Management Llc, which manages about $2.70 billion and $2.40 billion US Long portfolio, upped its stake in At&T Inc (NYSE:T) by 530,273 shares to 2.47M shares, valued at $93.03 million in 2017Q2, according to the filing. It also increased its holding in Flowers Foods Inc (NYSE:FLO) by 35,031 shares in the quarter, for a total of 3.34 million shares, and has risen its stake in Qualcomm Inc (NASDAQ:QCOM).

Among 29 analysts covering Eaton Corporation (NYSE:ETN), 7 have Buy rating, 4 Sell and 18 Hold. Therefore 24% are positive. Eaton Corporation has $92.0 highest and $51 lowest target. $67.86’s average target is -12.17% below currents $77.26 stock price. Eaton Corporation had 72 analyst reports since July 31, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Sector Perform” rating and $59 target in Monday, May 2 report. The stock of Eaton Corporation plc (NYSE:ETN) has “Overweight” rating given on Friday, December 9 by JP Morgan. The stock of Eaton Corporation plc (NYSE:ETN) has “Hold” rating given on Wednesday, November 11 by Argus Research. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, July 7 report. The stock has “Neutral” rating by Buckingham Research on Tuesday, October 17. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, August 25 report. The stock of Eaton Corporation plc (NYSE:ETN) earned “Hold” rating by Jefferies on Thursday, October 5. The firm has “Neutral” rating by Bank of America given on Thursday, July 14. RBC Capital Markets maintained it with “Hold” rating and $7800 target in Monday, June 5 report. On Wednesday, August 23 the stock rating was maintained by Jefferies with “Hold”.

Investors sentiment decreased to 1.07 in 2017 Q2. Its down 0.06, from 1.13 in 2017Q1. It turned negative, as 37 investors sold ETN shares while 289 reduced holdings. 74 funds opened positions while 274 raised stakes. 330.85 million shares or 0.85% less from 333.69 million shares in 2017Q1 were reported. Gemmer Asset Mgmt Ltd Liability Company has invested 0.09% in Eaton Corporation plc (NYSE:ETN). Wetherby Asset Management Inc holds 0.15% or 11,267 shares. Apg Asset Nv reported 0.16% of its portfolio in Eaton Corporation plc (NYSE:ETN). Bessemer Group Inc Inc invested in 14,352 shares or 0% of the stock. Aviva Public Ltd reported 0.12% in Eaton Corporation plc (NYSE:ETN). Wealthtrust Fairport Limited Liability Company holds 0.03% or 4,098 shares. 7,711 are owned by Zwj Invest Counsel. Frontier Invest Mgmt owns 5,695 shares. Headinvest Ltd Liability Corporation stated it has 0.2% of its portfolio in Eaton Corporation plc (NYSE:ETN). Van Cleef Asset Managementinc owns 5,849 shares. First Bank holds 0.21% in Eaton Corporation plc (NYSE:ETN) or 33,715 shares. Virtus Inv Advisers stated it has 0.11% in Eaton Corporation plc (NYSE:ETN). Gabelli Funds Ltd Llc has invested 0.11% of its portfolio in Eaton Corporation plc (NYSE:ETN). Nationwide Fund holds 0.14% of its portfolio in Eaton Corporation plc (NYSE:ETN) for 452,919 shares. Sandhill Ptnrs Limited stated it has 3.94% of its portfolio in Eaton Corporation plc (NYSE:ETN).

Among 8 analysts covering Rogers Comms (NYSE:RCI), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Rogers Comms has $67 highest and $40 lowest target. $56.06’s average target is 9.60% above currents $51.15 stock price. Rogers Comms had 13 analyst reports since October 9, 2015 according to SRatingsIntel. As per Tuesday, October 20, the company rating was upgraded by Macquarie Research. The rating was upgraded by TD Securities to “Buy” on Friday, December 11. The firm earned “Sector Perform” rating on Monday, January 9 by RBC Capital Markets. The firm has “Equal-Weight” rating given on Thursday, December 17 by Morgan Stanley. IBC upgraded the stock to “Sector Outperform” rating in Friday, October 9 report. The firm has “Neutral” rating by Goldman Sachs given on Friday, December 4. The firm earned “Sector Perform” rating on Wednesday, April 5 by IBC. The rating was maintained by Barclays Capital with “Equal-Weight” on Friday, October 14.

More notable recent Rogers Communications Inc. (NYSE:RCI) news were published by: Fool.ca which released: “Rogers Communications Inc. vs. BCE Inc.: Which Is the Better Stock?” on October 31, 2017, also Fool.ca with their article: “Rogers Communications Inc. Posts Strong Q2 Earnings” published on July 22, 2017, Fool.ca published: “Why You Should Reconsider Rogers Communications Inc.” on October 24, 2017. More interesting news about Rogers Communications Inc. (NYSE:RCI) were released by: Fool.ca and their article: “Dividend Investors: 3 Reasons to Own Rogers Communications Inc. Stock” published on October 04, 2017 as well as Fool.ca‘s news article titled: “Should You Buy Rogers Communications Inc. Ahead of Earnings?” with publication date: October 14, 2017.

Mckinley Capital Management Inc, which manages about $8.13 billion and $2.67 billion US Long portfolio, decreased its stake in Comcast Corp (NASDAQ:CMCSA) by 36,798 shares to 841,945 shares, valued at $32.77 million in 2017Q2, according to the filing. It also reduced its holding in Lam Research Corp (NASDAQ:LRCX) by 3,263 shares in the quarter, leaving it with 229,266 shares, and cut its stake in Celgene Corp (NASDAQ:CELG).

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