November 28, 2016 - By Dolores Ford
The director of Eaton Corp Plc and firm’s insider Deborah Mccoy unloaded 6,504 shares of the Pinksheet-listed company based on $66.3 for every share. The shares have a value of about $431,456 USD. Currently, Mr. Deborah, has ownership of 44,936 shares, which accounts for 0.01% of the company’s market capitalization.
Out of 21 analysts covering Eaton Corporation (NYSE:ETN), 4 rate it a “Buy”, 2 “Sell”, while 15 “Hold”. This means 19% are positive. $78 is the highest target while $51 is the lowest. The $60 average target is -10.19% below today’s ($66.81) stock price. Eaton Corporation has been the topic of 41 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Credit Agricole initiated Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) rating on Monday, October 19. Credit Agricole has “Underperform” rating and $54 price target. The stock of Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) has “Buy” rating given on Wednesday, August 10 by Argus Research. The rating was downgraded by Bank of America on Thursday, July 14 to “Neutral”. The stock has “Sector Perform” rating given by RBC Capital Markets on Wednesday, November 2. The stock has “Buy” rating given by HSBC on Friday, October 7. Deutsche Bank maintained it with “Hold” rating and $65 target price in Tuesday, August 25 report. Robert W. Baird downgraded the shares of ETN in a report on Thursday, October 15 to “Neutral” rating. The stock of Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) earned “Market Perform” rating by Avondale on Thursday, October 15. The company was downgraded on Friday, October 9 by JP Morgan. The stock of Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, October 20.
Insitutional Activity: The institutional sentiment decreased to 1.06 in 2016 Q2. Its down 0.13, from 1.19 in 2016Q1. The ratio is negative, as 66 funds sold all Eaton Corporation, PLC Ordinary Shares shares owned while 234 reduced positions. 75 funds bought stakes while 281 increased positions. They now own 323.98 million shares or 1.54% less from 329.03 million shares in 2016Q1.
Renaissance Technology Lc last reported 0.05% of its portfolio in the stock. Gabelli Secs, a New York-based fund reported 7,900 shares. Columbia Asset Mgmt has 4,275 shares for 0.09% of their US portfolio. Tru Of Vermont has 37,742 shares for 0.3% of their US portfolio. Campbell Newman Asset Management owns 3,605 shares or 0.04% of their US portfolio. Old Second Financial Bank Of Aurora has 28,741 shares for 0.8% of their US portfolio. The New York-based Lipe & Dalton has invested 0.17% in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN). Van Cleef Asset Managementinc last reported 0.13% of its portfolio in the stock. The New York-based Edge Wealth Management Limited Liability Corp has invested 1.73% in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN). Deere Co accumulated 0.06% or 18,153 shares. Meiji Yasuda Asset Mgmt last reported 35,249 shares in the company. Moreover, Cantab Capital Prtnrs Ltd Liability Partnership has 0% invested in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) for 4,541 shares. Royal Savings Bank Of Canada owns 1.89M shares or 0.07% of their US portfolio. Teacher Retirement Sys Of Texas owns 305,228 shares or 0.12% of their US portfolio. Nuveen Asset Limited Co owns 412,489 shares or 0.15% of their US portfolio.
Insider Transactions: Since June 7, 2016, the stock had 2 buys, and 11 selling transactions for $20.01 million net activity. Golden Charles E also sold $994,027 worth of Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) shares. Another trade for 20,000 shares valued at $1.36M was made by FEARON RICHARD H on Thursday, November 10. CRITELLI MICHAEL J sold $835,348 worth of Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) on Wednesday, November 9. $1.18 million worth of Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) shares were sold by McGuire Mark M. Connor Christopher M had bought 1,000 shares worth $67,226. The insider Advaithi Revathi sold 39,008 shares worth $2.50M. 46,088 Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) shares with value of $3.00M were sold by ARNOLD CRAIG.
The stock closed at $66.81 during the last session. It is down 7.31% since April 25, 2016 and is uptrending. It has outperformed by 1.29% the S&P500.
According to Zacks Investment Research, “Eaton Corporation plc is a power management company. The Company is a provider of electrical products, systems and services for power distribution and control, power transmission, lighting and wiring products; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. It serves the Agriculture and Forestry, Aviation, Community Infrastructure, Construction, Data Centers, Energy, Government & Military, Healthcare, Manufacturing & Industrial, Residential and Vehicles markets. Eaton Corporation plc, formerly known as Eaton Corporation Limited is headquartered in Cleveland, Ohio.”
Analysts await Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) to report earnings on February, 1. They expect $1.10 EPS, down 5.98% or $0.07 from last year’s $1.17 per share. ETN’s profit will be $496.90 million for 15.18 P/E if the $1.10 EPS becomes a reality. After $1.15 actual EPS reported by Eaton Corporation, PLC Ordinary Shares for the previous quarter, Wall Street now forecasts -4.35% negative EPS growth.
Eaton Corporation plc (Eaton), incorporated on May 10, 2012, is a power management company. The Firm provides energy-efficient solutions that help its clients to manage electrical, hydraulic and mechanical power. The Firm sells products to clients in over 175 countries. The Firm operates in four divisions: Electrical Products and Electrical Systems and Services, Hydraulics, Aerospace and Vehicle.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Dolores Ford