Eastern Bank Raised Its Eaton Corp Plc (ETN) Holding

April 17, 2018 - By Richard Conner

Eaton Corporation plc (NYSE:ETN) LogoInvestors sentiment increased to 1.15 in Q4 2017. Its up 0.15, from 1 in 2017Q3. It improved, 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. Bnp Paribas Arbitrage Sa owns 0.02% invested in Eaton Corporation plc (NYSE:ETN) for 152,697 shares. Coastline Tru accumulated 43,385 shares or 0.52% of the stock. Allen Mngmt accumulated 4,774 shares. Foundry Prtnrs Ltd Liability Corporation reported 0.49% of its portfolio in Eaton Corporation plc (NYSE:ETN). Cleararc Cap Inc accumulated 0.23% or 21,072 shares. 207,101 were accumulated by Putnam Investments Ltd Liability Corp. First Financial Bank holds 32,605 shares. Quantitative Investment Limited Com has 57,600 shares. Ancora Lc holds 0.51% in Eaton Corporation plc (NYSE:ETN) or 120,007 shares. Bridges Counsel invested in 15,225 shares. Gradient Invs Lc owns 100,009 shares. 11,101 were accumulated by Genesee Valley. Moreover, Conning has 0.3% invested in Eaton Corporation plc (NYSE:ETN). Regal Inv Advsr Limited Liability Company reported 0.06% stake. Thrivent Fincl For Lutherans accumulated 888,057 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 $15.25 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 $34.24 billion market cap company. The stock increased 0.90% or $0.7 during the last trading session, reaching $78.15. About 1.26 million 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 Stifel Nicolaus on Tuesday, April 3 with “Buy”. The stock of Eaton Corporation plc (NYSE:ETN) earned “Hold” rating by Jefferies on Thursday, February 1. The stock of Eaton Corporation plc (NYSE:ETN) earned “Hold” rating by RBC Capital Markets on Wednesday, January 3. The stock of Eaton Corporation plc (NYSE:ETN) has “Neutral” rating given on Thursday, March 1 by JP Morgan. Robert W. Baird maintained the shares of ETN in report on Thursday, February 1 with “Buy” rating. On Tuesday, January 2 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm has “Buy” rating by Citigroup given on Thursday, November 2. The firm has “Buy” rating given on Wednesday, November 1 by Credit Suisse. The rating was maintained by Stifel Nicolaus on Sunday, December 10 with “Hold”. The stock of Eaton Corporation plc (NYSE:ETN) has “Buy” rating given on Tuesday, April 10 by Goldman Sachs.

Eaton Corporation plc (NYSE:ETN) Ratings Chart

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