Eaton (NYSE:ETN) Announces Earnings Results, Beats Estimates By $0.04 EPS

Lloyd Doyle
February 25, 2018

The institutional investor held 35,263 shares of the office equipment and supplies and services company at the end of 2017Q3, valued at $1.32M, up from 18,452 at the end of the previous reported quarter. The company has its outstanding shares of 447.14 Million. AT&T Inc. (NYSE:T) has declined 0.52% since February 22, 2017 and is downtrending. Cable Hill Partners LLC raised its stake in Eaton by 174.8% during the third quarter. Weatherstone Capital Management sold 3,182 shares as Msci Inc (MSCI)'s stock rose 4.89%. The Janney Montgomery Scott Llc holds 258,178 shares with $19.83M value, down from 270,551 last quarter. Cna Financial Corp who had been investing in Eaton Corp Plc Shs for a number of months, seems to be less bullish one the $36.23 billion market cap company. The stock increased 0.97% or $1.05 during the last trading session, reaching $109.68. About 732,283 shares traded. It has outperformed by 14.63% the S&P500. Its up 0.02, from 1.3 in 2017Q2.

Several other large investors have also recently bought and sold shares of the stock. 80 funds opened positions while 259 raised stakes.

The SMA20 for the stock is at -2.23 percent, SMA50 stands at 0.33 percent, while SMA200 is 4.9 Percent, according to Finviz reported data. Everence Mngmt accumulated 6,720 shares. Virginia Retirement System Et Al reported 0.4% in Applied Materials, Inc. Kentucky Retirement Systems owns 27,465 shares or 0.16% of their USA portfolio. Andra Ap has invested 0.11% in Eaton Corporation plc (NYSE:ETN). (NASDAQ:FFIV). North Star Invest Management Corporation holds 0.01% in F5 Networks, Inc. Amica Pension Fund Board Of Trustees holds 0.15% or 16,710 shares in its portfolio. Azimuth Cap Mgmt Ltd Liability reported 8,554 shares or 0.05% of all its holdings. Moors & Cabot holds 0.69% or 62,275 shares. 44,774 are held by Advantus Capital Inc. Following the completion of the sale, the insider now directly owns 16,571 shares in the company, valued at approximately $1,284,252.50.

Analysts await Eaton Corporation plc (NYSE:ETN) to report earnings on May, 1. Utah Retirement owns 81,869 shares or 0.14% of their U.S. portfolio. Meeder Asset Mngmt invested in 0.04% or 2,715 shares. Steelcase Inc. (NYSE:SCS) has risen 11.15% since February 23, 2017 and is uptrending. AMAT's profit will be $1.19 billion for 12.51 P/E if the $1.13 EPS becomes a reality. The industrial products company reported $1.29 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.25 by $0.04. ValuEngine upgraded Eaton from a "hold" rating to a "buy" rating in a research note on Friday, February 2nd. Therefore 0 are positive. Eaton Corporation had 83 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned "Hold" rating on Tuesday, August 1 by RBC Capital Markets. On Friday, February 19 the stock rating was maintained by B. Riley & Co with "Neutral". The firm earned "Underweight" rating on Thursday, August 17 by JP Morgan. The rating was downgraded by Bernstein on Monday, November 2 to "Market Perform". The stock has "Hold" rating by Stifel Nicolaus on Sunday, December 10. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Eaton had a net margin of 14.60% and a return on equity of 12.84%. The stock of Eaton Corporation plc (NYSE:ETN) earned "Mkt Perform" rating by Avondale on Wednesday, February 1. Robert W. Baird upgraded shares of Eaton from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $82.00 to $92.00 in a research report on Wednesday, January 3rd. About 2.20M shares traded. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Eaton by 23.3% during the 4th quarter.

Bollard Group Llc, which manages about $2.78 billion and $1.90 billion US Long portfolio, decreased its stake in Intl Business Machines (NYSE:IBM) by 6,825 shares to 1,250 shares, valued at $181,000 in 2017Q3, according to the filing. Colonial Trust Advisors grew its holdings in shares of Eaton by 58.4% during the 4th quarter.

Among 37 analysts covering F5 Networks Inc. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. Therefore 22% are positive. NCR had 32 analyst reports since August 20, 2015 according to SRatingsIntel. The rating was downgraded by Moffet Nathanson on Friday, April 1 to "Sell". The stock of Steelcase Inc. RBC Capital Markets has "Sector Perform" rating and $59 target. Blackrock holds 6.63M shares. FBR Capital maintained AT&T Inc. The firm has "Buy" rating given on Thursday, January 25 by BMO Capital Markets. As per Friday, July 21, the company rating was maintained by Jefferies. Zacks Investment Research raised shares of Eaton from a "sell" rating to a "hold" rating in a research note on Monday, February 5th. The company was maintained on Tuesday, January 30 by Scotia Capital.

Investors sentiment increased to 1.06 in Q3 2017. Its up 0.02, from 1.15 in 2017Q2. Winfield Associates Inc sold 4,363 shares as the company's stock rose 8.91% with the market. 54 funds opened positions while 110 raised stakes. Twin Mngmt holds 0.6% or 124,750 shares in its portfolio. Goldman Sachs Group Inc accumulated 2.65M shares. Tompkins Financial reported 160 shares or 0% of all its holdings. (NYSE:T) or 12,641 shares. Federated Pa stated it has 0.12% in Eaton Corporation plc (NYSE:ETN). Td Asset Mgmt stated it has 0.04% in Eaton Corporation plc (NYSE:ETN). Fred Alger Management Incorporated invested in 0.01% or 17,446 shares. Reilly Advsrs Ltd Limited Liability Company reported 847 shares stake. 654,025 are held by Private Advisor Gp Lc. Citadel Advsr Limited Liability Company invested in 0.01% or 229,100 shares. Dupont Cap Management Corporation has invested 0.04% in Dover Corporation (NYSE:DOV). Winslow Evans And Crocker has invested 0.01% of its portfolio in F5 Networks, Inc. Calamos Wealth Ltd Company has 0.17% invested in Applied Materials, Inc. Alliancebernstein Lp owns 10.67 million shares for 0.31% of their portfolio.

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