Bluecrest Capital Management LTD Decreased Stake in Lauder Estee Cos (EL) by $6.52 Million; Riverhead Capital Management Has Boosted Stake in Eaton Plc (ETN) by $734,084 as Stock Price Rose

January 14, 2018 - By Louis Casey

Riverhead Capital Management Llc increased its stake in Eaton Corp Plc (ETN) by 26.64% based on its latest 2017Q3 regulatory filing with the SEC. Riverhead Capital Management Llc bought 9,659 shares as the company’s stock rose 8.91% with the market. The institutional investor held 45,915 shares of the technology company at the end of 2017Q3, valued at $3.53M, up from 36,256 at the end of the previous reported quarter. Riverhead Capital Management Llc who had been investing in Eaton Corp Plc for a number of months, seems to be bullish on the $37.47B market cap company. The stock increased 0.30% or $0.25 during the last trading session, reaching $84.24. About 2.42M shares traded or 1.01% up from the average. Eaton Corporation plc (NYSE:ETN) has risen 31.02% since January 14, 2017 and is uptrending. It has outperformed by 14.32% the S&P500.

Bluecrest Capital Management Ltd decreased its stake in Lauder Estee Cos Inc (EL) by 80.35% based on its latest 2017Q3 regulatory filing with the SEC. Bluecrest Capital Management Ltd sold 60,981 shares as the company’s stock rose 8.67% with the market. The institutional investor held 14,914 shares of the consumer non-durables company at the end of 2017Q3, valued at $1.61M, down from 75,895 at the end of the previous reported quarter. Bluecrest Capital Management Ltd who had been investing in Lauder Estee Cos Inc for a number of months, seems to be less bullish one the $47.33 billion market cap company. The stock decreased 0.43% or $0.56 during the last trading session, reaching $128.53. About 1.47M shares traded. The Estée Lauder Companies Inc. (NYSE:EL) has risen 1.49% since January 14, 2017 and is uptrending. It has underperformed by 15.21% the S&P500.

Among 29 analysts covering Eaton Corporation (NYSE:ETN), 8 have Buy rating, 4 Sell and 17 Hold. Therefore 28% are positive. Eaton Corporation had 76 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Mkt Perform” rating given on Monday, June 19 by JMP Securities. The stock of Eaton Corporation plc (NYSE:ETN) has “Hold” rating given on Thursday, October 12 by KeyBanc Capital Markets. The stock of Eaton Corporation plc (NYSE:ETN) earned “Underperform” rating by Bank of America on Tuesday, October 17. The stock of Eaton Corporation plc (NYSE:ETN) has “Neutral” rating given on Friday, February 3 by JP Morgan. The firm has “Buy” rating by Standpoint Research given on Wednesday, January 20. The firm has “Underweight” rating by JP Morgan given on Thursday, August 17. The firm earned “Hold” rating on Friday, July 7 by Stifel Nicolaus. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, August 1. The stock of Eaton Corporation plc (NYSE:ETN) has “Buy” rating given on Tuesday, April 4 by Longbow. The stock has “Equal-Weight” rating by Barclays Capital on Monday, October 5.

Riverhead Capital Management Llc, which manages about $2.13B US Long portfolio, decreased its stake in Cerner Corp (NASDAQ:CERN) by 5,250 shares to 6,401 shares, valued at $457,000 in 2017Q3, according to the filing. It also reduced its holding in Rowan Cos Plc (NYSE:RDC) by 148,044 shares in the quarter, leaving it with 11,731 shares, and cut its stake in Ulta Salon Cosmetics & Fragrance Inc (NASDAQ:ULTA).

Investors sentiment decreased to 1 in 2017 Q3. 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. Lowe Brockenbrough holds 1.07% or 90,697 shares in its portfolio. Patten And Patten Inc Tn stated it has 0.12% in Eaton Corporation plc (NYSE:ETN). Hallmark Management has invested 0.08% in Eaton Corporation plc (NYSE:ETN). New York-based Fny Managed Accounts Limited Liability Corp has invested 0.01% in Eaton Corporation plc (NYSE:ETN). Sigma Planning invested 0.09% of its portfolio in Eaton Corporation plc (NYSE:ETN). Farmers Trust accumulated 5,190 shares. First Personal Serv invested in 39,835 shares. Comm Natl Bank has 0.32% invested in Eaton Corporation plc (NYSE:ETN) for 297,704 shares. Raymond James Na owns 23,875 shares. Kepos LP has 0.28% invested in Eaton Corporation plc (NYSE:ETN). Nwq Mgmt Company Ltd holds 0.09% or 95,700 shares in its portfolio. Lsv Asset Management has 0% invested in Eaton Corporation plc (NYSE:ETN) for 9,600 shares. Public Sector Pension Invest Board reported 130,726 shares or 0.04% of all its holdings. Essex Financial Services reported 0.12% stake. Hartford Mngmt invested in 0% or 35 shares.

Analysts await The Estée Lauder Companies Inc. (NYSE:EL) to report earnings on February, 1. They expect $1.42 earnings per share, up 16.39% or $0.20 from last year’s $1.22 per share. EL’s profit will be $522.90M for 22.63 P/E if the $1.42 EPS becomes a reality. After $1.21 actual earnings per share reported by The Estée Lauder Companies Inc. for the previous quarter, Wall Street now forecasts 17.36% EPS growth.

Among 30 analysts covering Estee Lauder (NYSE:EL), 22 have Buy rating, 1 Sell and 7 Hold. Therefore 73% are positive. Estee Lauder had 87 analyst reports since July 21, 2015 according to SRatingsIntel. As per Friday, May 5, the company rating was downgraded by Societe Generale. The stock of The Estée Lauder Companies Inc. (NYSE:EL) earned “Buy” rating by Stifel Nicolaus on Friday, September 25. The firm earned “Buy” rating on Friday, April 28 by RBC Capital Markets. Argus Research downgraded the shares of EL in report on Friday, September 9 to “Hold” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, June 6. The company was maintained on Monday, September 18 by Stifel Nicolaus. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, May 31. The firm earned “Buy” rating on Tuesday, August 22 by Argus Research. The firm has “Neutral” rating by Piper Jaffray given on Friday, October 14. Jefferies initiated The Estée Lauder Companies Inc. (NYSE:EL) rating on Monday, September 28. Jefferies has “Hold” rating and $86 target.

Investors sentiment decreased to 1.03 in 2017 Q3. Its down 0.18, from 1.21 in 2017Q2. It dived, as 49 investors sold EL shares while 211 reduced holdings. 86 funds opened positions while 183 raised stakes. 190.23 million shares or 2.24% less from 194.59 million shares in 2017Q2 were reported. Bnp Paribas Asset Mgmt Hldg Sa holds 0.19% in The Est̩e Lauder Companies Inc. (NYSE:EL) or 208,303 shares. Moreover, Exane Derivatives has 0% invested in The Est̩e Lauder Companies Inc. (NYSE:EL) for 1 shares. Axa has invested 0.07% in The Est̩e Lauder Companies Inc. (NYSE:EL). Fulton National Bank Na invested in 0.03% or 4,187 shares. Nordea Inv Ab, Sweden-based fund reported 703,156 shares. San Francisco Sentry Inv Gru Incorporated (Ca) reported 765 shares stake. 13,433 were accumulated by Commerce Comml Bank. Schwab Charles Mngmt Inc accumulated 763,510 shares. Art Ltd Liability holds 40,000 shares or 0.22% of its portfolio. Argent Capital Ltd Liability Co invested 0.01% of its portfolio in The Est̩e Lauder Companies Inc. (NYSE:EL). Gam Ag stated it has 0.72% in The Est̩e Lauder Companies Inc. (NYSE:EL). Td Asset Mngmt has 0.02% invested in The Est̩e Lauder Companies Inc. (NYSE:EL) for 120,402 shares. Ontario РCanada-based Natl Bank Of Nova Scotia has invested 0.05% in The Est̩e Lauder Companies Inc. (NYSE:EL). Legal And General Public Ltd Co holds 1.14M shares. Norinchukin Bancorp The holds 16,664 shares or 0.03% of its portfolio.

Bluecrest Capital Management Ltd, which manages about $2.46B US Long portfolio, upped its stake in Honeywell Intl Inc (NYSE:HON) by 56,588 shares to 108,370 shares, valued at $15.36 million in 2017Q3, according to the filing. It also increased its holding in Murphy Usa Inc (NYSE:MUSA) by 21,657 shares in the quarter, for a total of 40,369 shares, and has risen its stake in Square Inc.

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