Amica Mutual Insurance Company Stake in Eaton Plc (ETN) Has Lowered by $942,549; As Otter Tail (OTTR) Share Price Declined, Public Employees Retirement System Of Ohio Has Cut Holding

May 24, 2018 - By Michael Collier

Eaton Corporation plc (NYSE:ETN) Logo

Amica Mutual Insurance Company decreased its stake in Eaton Corp Plc (ETN) by 40.29% based on its latest 2017Q4 regulatory filing with the SEC. Amica Mutual Insurance Company sold 11,931 shares as the company’s stock rose 2.84% while stock markets declined. The institutional investor held 17,680 shares of the technology company at the end of 2017Q4, valued at $1.40M, down from 29,611 at the end of the previous reported quarter. Amica Mutual Insurance Company who had been investing in Eaton Corp Plc for a number of months, seems to be less bullish one the $34.51 billion market cap company. The stock decreased 0.11% or $0.09 during the last trading session, reaching $78.91. About 2.41M shares traded. Eaton Corporation plc (NYSE:ETN) has risen 9.67% since May 24, 2017 and is uptrending. It has underperformed by 1.88% the S&P500.

Public Employees Retirement System Of Ohio decreased its stake in Otter Tail Corp (OTTR) by 57.08% based on its latest 2017Q4 regulatory filing with the SEC. Public Employees Retirement System Of Ohio sold 8,650 shares as the company’s stock declined 2.03% with the market. The institutional investor held 6,503 shares of the central company at the end of 2017Q4, valued at $289,000, down from 15,153 at the end of the previous reported quarter. Public Employees Retirement System Of Ohio who had been investing in Otter Tail Corp for a number of months, seems to be less bullish one the $1.85 billion market cap company. The stock increased 1.64% or $0.75 during the last trading session, reaching $46.55. About 56,053 shares traded. Otter Tail Corporation (NASDAQ:OTTR) has risen 13.73% since May 24, 2017 and is uptrending. It has outperformed by 2.18% the S&P500.

Among 31 analysts covering Eaton Corporation (NYSE:ETN), 13 have Buy rating, 2 Sell and 16 Hold. Therefore 42% are positive. Eaton Corporation had 94 analyst reports since July 31, 2015 according to SRatingsIntel. On Monday, April 4 the stock rating was downgraded by Longbow to “Neutral”. As per Monday, May 2, the company rating was maintained by Buckingham Research. The firm has “Underperform” rating given on Monday, October 19 by CLSA. The company was upgraded on Thursday, March 8 by Bank of America. The company was maintained on Wednesday, January 3 by RBC Capital Markets. The stock of Eaton Corporation plc (NYSE:ETN) earned “Buy” rating by Goldman Sachs on Tuesday, April 10. RBC Capital Markets maintained the shares of ETN in report on Thursday, July 30 with “Sector Perform” rating. Citigroup maintained Eaton Corporation plc (NYSE:ETN) on Thursday, November 2 with “Buy” rating. As per Wednesday, August 26, the company rating was upgraded by Vertical Research. Stifel Nicolaus maintained Eaton Corporation plc (NYSE:ETN) on Tuesday, January 2 with “Hold” rating.

Amica Mutual Insurance Company, which manages about $1.01 billion US Long portfolio, upped its stake in American Tower Corp (NYSE:AMT) by 12,574 shares to 32,869 shares, valued at $4.69 million in 2017Q4, according to the filing. It also increased its holding in Air Products & Chemicals Inc (NYSE:APD) by 3,318 shares in the quarter, for a total of 13,906 shares, and has risen its stake in Becton Dickinson And Co (NYSE:BDX).

Analysts await Eaton Corporation plc (NYSE:ETN) to report earnings on August, 7. They expect $1.30 EPS, up 13.04% or $0.15 from last year’s $1.15 per share. ETN’s profit will be $568.48 million for 15.18 P/E if the $1.30 EPS becomes a reality. After $1.10 actual EPS reported by Eaton Corporation plc for the previous quarter, Wall Street now forecasts 18.18% EPS growth.

Investors sentiment increased to 1.15 in 2017 Q4. 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. Bridges Inv invested 0.65% of its portfolio in Eaton Corporation plc (NYSE:ETN). State Bank Of Nova Scotia holds 0.03% of its portfolio in Eaton Corporation plc (NYSE:ETN) for 91,480 shares. Kcm Advisors Lc reported 14,941 shares. Jpmorgan Chase & invested in 13.62M shares. Essex Financial has invested 0.12% in Eaton Corporation plc (NYSE:ETN). Drw Securities Limited Company owns 6,168 shares. Davidson Inv Advisors owns 120,956 shares for 0.99% of their portfolio. Dearborn Prtnrs Limited Liability Co reported 0.04% in Eaton Corporation plc (NYSE:ETN). Burney Comm holds 14,699 shares or 0.07% of its portfolio. Phocas Financial stated it has 0.05% of its portfolio in Eaton Corporation plc (NYSE:ETN). Daiwa Group holds 0.03% of its portfolio in Eaton Corporation plc (NYSE:ETN) for 48,349 shares. Gru One Trading LP invested 0% of its portfolio in Eaton Corporation plc (NYSE:ETN). Skba Cap Mngmt invested in 1.91% or 173,750 shares. Sageworth Tru holds 8,016 shares. 2.33 million are owned by Ubs Asset Americas.

Another recent and important Eaton Corporation plc (NYSE:ETN) news was published by Seekingalpha.com which published an article titled: “Eaton Not Getting Much Love At All” on May 02, 2018.

Public Employees Retirement System Of Ohio, which manages about $20.44B US Long portfolio, upped its stake in Astec Industries Inc (NASDAQ:ASTE) by 40,669 shares to 42,365 shares, valued at $2.48 million in 2017Q4, according to the filing. It also increased its holding in Convergys Corp (NYSE:CVG) by 21,690 shares in the quarter, for a total of 33,726 shares, and has risen its stake in Hyster (NYSE:HY).

Investors sentiment increased to 1.35 in Q4 2017. Its up 0.41, from 0.94 in 2017Q3. It is positive, as 12 investors sold OTTR shares while 37 reduced holdings. 25 funds opened positions while 41 raised stakes. 16.36 million shares or 1.71% more from 16.08 million shares in 2017Q3 were reported. 7,025 are held by Aperio Limited Liability. Iowa Bank & Trust owns 13,593 shares or 0.27% of their US portfolio. Bessemer Grp stated it has 0.01% in Otter Tail Corporation (NASDAQ:OTTR). Tiaa Cref Inv Mgmt Lc has invested 0% in Otter Tail Corporation (NASDAQ:OTTR). 52,883 are owned by Invesco Limited. Hanson Mcclain reported 416 shares or 0% of all its holdings. 42 were accumulated by Northwestern Mutual Wealth Com. Trust Of Vermont holds 0% or 134 shares in its portfolio. Livingston Asset (Operating As Southport Management) holds 0.18% in Otter Tail Corporation (NASDAQ:OTTR) or 10,755 shares. Qs Investors Limited Liability Com has 0% invested in Otter Tail Corporation (NASDAQ:OTTR) for 1,213 shares. State Board Of Administration Of Florida Retirement Systems invested in 0% or 22,006 shares. Tci Wealth reported 114 shares. Principal Group accumulated 7,523 shares. Ameriprise owns 5,798 shares. New York State Common Retirement Fund invested 0% of its portfolio in Otter Tail Corporation (NASDAQ:OTTR).

Among 3 analysts covering Otter Tail (NASDAQ:OTTR), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Otter Tail had 5 analyst reports since August 11, 2015 according to SRatingsIntel. As per Monday, January 8, the company rating was downgraded by Sidoti. On Monday, February 6 the stock rating was initiated by Williams Capital Group with “Hold”. Zacks downgraded the shares of OTTR in report on Friday, August 14 to “Buy” rating. KeyBanc Capital Markets maintained the shares of OTTR in report on Wednesday, October 18 with “Hold” rating. Zacks upgraded the shares of OTTR in report on Tuesday, August 11 to “Hold” rating.

Otter Tail Corporation (NASDAQ:OTTR) Institutional Positions Chart

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