Foster & Motley Holding in Eaton Plc (ETN) Has Increased as Market Value Rose; As Eaton Plc (ETN) Shares Rose, Sigma Planning Cut by $2.00 Million Its Holding

February 24, 2018 - By Clifton Ray

Foster & Motley Inc increased its stake in Eaton Corporation Plc (ETN) by 109.69% based on its latest 2017Q3 regulatory filing with the SEC. Foster & Motley Inc bought 4,949 shares as the company’s stock rose 8.91% with the market. The institutional investor held 9,461 shares of the technology company at the end of 2017Q3, valued at $727,000, up from 4,512 at the end of the previous reported quarter. Foster & Motley Inc who had been investing in Eaton Corporation Plc for a number of months, seems to be bullish on the $36.23B market cap company. The stock increased 0.42% or $0.34 during the last trading session, reaching $82.22. About 2.20M shares traded. Eaton Corporation plc (NYSE:ETN) has risen 31.02% since February 24, 2017 and is uptrending. It has outperformed by 14.32% the S&P500.

Sigma Planning Corp decreased its stake in Eaton Corp Plc (ETN) by 64.58% based on its latest 2017Q3 regulatory filing with the SEC. Sigma Planning Corp sold 26,321 shares as the company’s stock rose 8.91% with the market. The institutional investor held 14,438 shares of the technology company at the end of 2017Q3, valued at $1.11 million, down from 40,759 at the end of the previous reported quarter. Sigma Planning Corp who had been investing in Eaton Corp Plc for a number of months, seems to be less bullish one the $36.23 billion market cap company. The stock increased 0.42% or $0.34 during the last trading session, reaching $82.22. About 2.20 million shares traded. Eaton Corporation plc (NYSE:ETN) has risen 31.02% since February 24, 2017 and is uptrending. It has outperformed by 14.32% the S&P500.

Among 30 analysts covering Eaton Corporation (NYSE:ETN), 9 have Buy rating, 4 Sell and 17 Hold. Therefore 30% are positive. Eaton Corporation had 83 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of Eaton Corporation plc (NYSE:ETN) has “Hold” rating given on Monday, June 5 by RBC Capital Markets. The rating was downgraded by Evercore to “In-Line” on Monday, August 7. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, May 2. As per Wednesday, November 1, the company rating was maintained by Jefferies. The firm has “Market Perform” rating given on Monday, November 2 by Bernstein. Stifel Nicolaus maintained it with “Hold” rating and $7700 target in Wednesday, August 2 report. The stock of Eaton Corporation plc (NYSE:ETN) has “Buy” rating given on Wednesday, November 1 by Credit Suisse. Stifel Nicolaus maintained it with “Hold” rating and $79.0 target in Tuesday, January 2 report. CLSA initiated Eaton Corporation plc (NYSE:ETN) rating on Monday, October 19. CLSA has “Underperform” rating and $54 target. RBC Capital Markets maintained it with “Hold” rating and $77.0 target in Thursday, September 28 report.

Foster & Motley Inc, which manages about $913.18 million and $581.06 million US Long portfolio, decreased its stake in Doubleline Income Solutions Fund (DSL) by 23,279 shares to 78,972 shares, valued at $1.68M in 2017Q3, according to the filing. It also reduced its holding in International Paper Co (NYSE:IP) by 40,444 shares in the quarter, leaving it with 40,374 shares, and cut its stake in Exxon Mobil Corporation (NYSE:XOM).

Investors sentiment decreased to 1 in Q3 2017. Its down 0.07, from 1.07 in 2017Q2. It fall, as 59 investors sold ETN shares while 280 reduced holdings. 80 funds opened positions while 259 raised stakes. 330.10 million shares or 0.23% less from 330.85 million shares in 2017Q2 were reported. Riverhead Capital Management Ltd Liability has 45,915 shares for 0.17% of their portfolio. Fdx Advsrs holds 0.15% in Eaton Corporation plc (NYSE:ETN) or 73,379 shares. Hl Fincl Serv Lc accumulated 0.02% or 15,165 shares. Nbt Savings Bank N A stated it has 0.14% of its portfolio in Eaton Corporation plc (NYSE:ETN). M&T Savings Bank owns 553,521 shares for 0.23% of their portfolio. Gradient Ltd Liability Corp accumulated 0.46% or 93,969 shares. Jane Street Gp Limited Liability reported 225,635 shares stake. Edmp has invested 0.89% in Eaton Corporation plc (NYSE:ETN). 179 are owned by Peoples Fincl Serv Corporation. Canada Pension Plan Investment Board holds 0.06% in Eaton Corporation plc (NYSE:ETN) or 375,869 shares. Wheatland Advisors owns 4,941 shares or 0.32% of their US portfolio. Bar Harbor Service owns 88,525 shares. Telemus Ltd Limited Liability Company reported 17,665 shares. Catawba Va accumulated 7,815 shares. Ray Gerald L And Assoc Ltd invested in 0.09% or 9,700 shares.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.07, from 1.07 in 2017Q2. It turned negative, as 59 investors sold ETN shares while 280 reduced holdings. 80 funds opened positions while 259 raised stakes. 330.10 million shares or 0.23% less from 330.85 million shares in 2017Q2 were reported. Victory Mgmt holds 0.02% in Eaton Corporation plc (NYSE:ETN) or 139,124 shares. Charter Tru holds 2,957 shares. Adage Capital Partners Gru Ltd Limited Liability Company holds 0.28% or 1.52M shares. Putnam Invs Ltd Company owns 7,393 shares. Private Harbour Invest Mgmt & Counsel Ltd Liability Corporation accumulated 25,620 shares or 1.64% of the stock. Community Bank Na accumulated 950 shares or 0.01% of the stock. Fmr Ltd has 5.02M shares for 0.05% of their portfolio. Moreover, Diligent Ltd Limited Liability Company has 0.38% invested in Eaton Corporation plc (NYSE:ETN) for 6,757 shares. Jarislowsky Fraser owns 0% invested in Eaton Corporation plc (NYSE:ETN) for 3,290 shares. Advisor Partners Ltd Co owns 7,947 shares. State Bank Of America De stated it has 7.16 million shares. Walleye Trading Limited Liability Corp holds 94,239 shares or 0.04% of its portfolio. Exxonmobil Tx invested in 0.16% or 81,227 shares. Lyrical Asset Mgmt Ltd Partnership reported 3.48% of its portfolio in Eaton Corporation plc (NYSE:ETN). Zurcher Kantonalbank (Zurich Cantonalbank), Switzerland-based fund reported 234,204 shares.

Sigma Planning Corp, which manages about $1.21B US Long portfolio, upped its stake in Main Street Capital Corp (NYSE:MAIN) by 9,693 shares to 36,989 shares, valued at $1.47M in 2017Q3, according to the filing. It also increased its holding in Union Pac Corp (NYSE:UNP) by 3,074 shares in the quarter, for a total of 22,142 shares, and has risen its stake in Ishares Tr (TIP).

Among 30 analysts covering Eaton Corporation (NYSE:ETN), 9 have Buy rating, 4 Sell and 17 Hold. Therefore 30% are positive. Eaton Corporation had 83 analyst reports since July 31, 2015 according to SRatingsIntel. As per Tuesday, October 17, the company rating was downgraded by Bank of America. The rating was downgraded by JP Morgan on Friday, February 3 to “Neutral”. The rating was downgraded by Vertical Research on Tuesday, January 3 to “Hold”. The firm earned “Buy” rating on Wednesday, August 10 by Argus Research. The rating was maintained by RBC Capital Markets on Thursday, February 1 with “Hold”. The rating was maintained by Jefferies on Thursday, October 5 with “Hold”. The stock of Eaton Corporation plc (NYSE:ETN) has “Hold” rating given on Tuesday, January 2 by Stifel Nicolaus. Argus Research downgraded the shares of ETN in report on Wednesday, November 11 to “Hold” rating. Buckingham Research maintained it with “Neutral” rating and $65 target in Monday, May 2 report. The stock has “Sector Perform” rating by RBC Capital Markets on Wednesday, November 2.

Analysts await Eaton Corporation plc (NYSE:ETN) to report earnings on May, 1. They expect $1.06 earnings per share, up 10.42% or $0.10 from last year’s $0.96 per share. ETN’s profit will be $467.03M for 19.39 P/E if the $1.06 EPS becomes a reality. After $1.29 actual earnings per share reported by Eaton Corporation plc for the previous quarter, Wall Street now forecasts -17.83% negative EPS growth.

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