Brookstone Capital Management Trimmed Seagate Technology Plc (STX) Holding By $1.28 Million; 11 Analysts Bullish Eaton plc (ETN)

April 24, 2018 - By Pete Kolinski

Seagate Technology plc (NASDAQ:STX) Logo

Brookstone Capital Management decreased Seagate Technology Plc (STX) stake by 19.14% reported in 2017Q4 SEC filing. Brookstone Capital Management sold 31,292 shares as Seagate Technology Plc (STX)’s stock rose 36.04%. The Brookstone Capital Management holds 132,236 shares with $5.53 million value, down from 163,528 last quarter. Seagate Technology Plc now has $16.68B valuation. The stock increased 0.58% or $0.34 during the last trading session, reaching $58.56. About 187,199 shares traded. Seagate Technology plc (NASDAQ:STX) has risen 27.74% since April 24, 2017 and is uptrending. It has outperformed by 16.19% the S&P500.

Among 31 analysts covering Eaton Corporation (NYSE:ETN), 11 have Buy rating, 2 Sell and 18 Hold. Therefore 35% are positive. Eaton Corporation had 89 analyst reports since July 31, 2015 according to SRatingsIntel. Avondale initiated the stock with “Market Perform” rating in Thursday, October 15 report. The rating was downgraded by William Blair to “Neutral” on Thursday, October 15. The rating was upgraded by JP Morgan on Thursday, March 1 to “Neutral”. The stock of Eaton Corporation plc (NYSE:ETN) earned “Hold” rating by Vertical Research on Tuesday, January 3. Robert W. Baird maintained Eaton Corporation plc (NYSE:ETN) on Thursday, February 1 with “Buy” rating. Jefferies maintained Eaton Corporation plc (NYSE:ETN) on Tuesday, June 6 with “Hold” rating. Evercore downgraded the stock to “In-Line” rating in Monday, August 7 report. As per Monday, October 5, the company rating was downgraded by Barclays Capital. Bernstein maintained Eaton Corporation plc (NYSE:ETN) on Monday, May 2 with “Market Perform” rating. The stock has “Buy” rating by Goldman Sachs on Tuesday, April 10. See Eaton Corporation plc (NYSE:ETN) latest ratings:

10/04/2018 Broker: Goldman Sachs Rating: Buy New Target: $88.0000 Upgrade
03/04/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $88.0000 Maintain
26/03/2018 Broker: Jefferies Old Rating: Hold New Rating: Buy Old Target: $80 Upgrade
08/03/2018 Broker: Bank of America Old Rating: Underperform New Rating: Neutral Upgrade
01/03/2018 Broker: J.P. Morgan Rating: Hold Upgrade
01/03/2018 Broker: JP Morgan Old Rating: Underweight New Rating: Neutral Old Target: $70 Upgrade
15/02/2018 Broker: Barclays Capital Rating: Equal-Weight New Target: $90 Initiates Coverage On
05/02/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Buy Upgrade
01/02/2018 Broker: RBC Capital Markets Rating: Hold New Target: $84.0 Maintain
01/02/2018 Broker: Jefferies Rating: Hold New Target: $90.0 Maintain

Eaton Corporation plc operates as a power management firm worldwide. The company has market cap of $34.69 billion. The Company’s Electrical Products segment offers electrical and industrial components, residential products, single phase power quality products, emergency lighting and fire detection products, wiring devices, structural support systems, and circuit protection and lighting products. It has a 11.85 P/E ratio. The companyÂ’s Electrical Systems and Services segment provides power distribution and assemblies, three phase power quality products, hazardous duty electrical equipment, explosion-proof instrumentation, utility power distribution, power reliability equipment, and services.

Investors sentiment increased to 1.15 in Q4 2017. Its up 0.15, from 1 in 2017Q3. It improved, as 41 investors sold Eaton Corporation plc 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. South Street Lc accumulated 19,983 shares or 0.48% of the stock. Cobblestone Cap Ltd Llc Ny owns 8,183 shares. Apriem Advsr has invested 1.84% in Eaton Corporation plc (NYSE:ETN). Baldwin Brothers Ma reported 135 shares. Dynamic Advsrs Solutions Limited Liability Co stated it has 5,713 shares or 0.15% of all its holdings. Wetherby Asset Mngmt holds 0.13% or 11,698 shares. National Bank Of America De has 5.76 million shares. First Allied Advisory Services owns 25,763 shares. Delta Asset Management Limited Liability Corp Tn accumulated 101,549 shares. Covington Capital Mngmt invested 0.01% in Eaton Corporation plc (NYSE:ETN). The Pennsylvania-based Cooke And Bieler L P has invested 1.64% in Eaton Corporation plc (NYSE:ETN). Hsbc Hldgs Plc holds 0.04% or 314,394 shares. Cornerstone Advisors Inc invested 0.17% in Eaton Corporation plc (NYSE:ETN). Hightower Advisors Lc holds 0.09% or 142,369 shares. Ally Fincl Incorporated holds 0.15% or 10,000 shares in its portfolio.

The stock increased 0.81% or $0.64 during the last trading session, reaching $79.17. About 54,874 shares traded. Eaton Corporation plc (NYSE:ETN) has risen 9.67% since April 24, 2017 and is uptrending. It has underperformed by 1.88% the S&P500.

Brookstone Capital Management increased Microsoft Corp (NASDAQ:MSFT) stake by 13,107 shares to 13,112 valued at $1.12M in 2017Q4. It also upped Xerox Corp stake by 15,209 shares and now owns 182,401 shares. Ishares Tr (IJR) was raised too.

Analysts await Seagate Technology plc (NASDAQ:STX) to report earnings on May, 1 before the open. They expect $1.31 earnings per share, up 19.09% or $0.21 from last year’s $1.1 per share. STX’s profit will be $373.11M for 11.18 P/E if the $1.31 EPS becomes a reality. After $1.48 actual earnings per share reported by Seagate Technology plc for the previous quarter, Wall Street now forecasts -11.49% negative EPS growth.

Among 35 analysts covering Seagate Technology Plc (NASDAQ:STX), 10 have Buy rating, 3 Sell and 22 Hold. Therefore 29% are positive. Seagate Technology Plc had 140 analyst reports since August 4, 2015 according to SRatingsIntel. Morgan Stanley maintained Seagate Technology plc (NASDAQ:STX) on Tuesday, January 30 with “Equal-Weight” rating. The stock of Seagate Technology plc (NASDAQ:STX) has “Sell” rating given on Thursday, October 15 by Benchmark. The firm has “Hold” rating given on Tuesday, July 11 by RBC Capital Markets. The stock of Seagate Technology plc (NASDAQ:STX) has “Buy” rating given on Wednesday, October 12 by Brean Capital. The firm has “Neutral” rating by Susquehanna given on Monday, October 19. Needham upgraded it to “Strong Buy” rating and $43 target in Wednesday, October 12 report. The stock of Seagate Technology plc (NASDAQ:STX) earned “Hold” rating by RBC Capital Markets on Thursday, June 8. Citigroup maintained Seagate Technology plc (NASDAQ:STX) rating on Wednesday, July 26. Citigroup has “Neutral” rating and $36 target. On Wednesday, July 26 the stock rating was maintained by BMO Capital Markets with “Market Perform”. Citigroup maintained the shares of STX in report on Thursday, April 14 with “Sell” rating.

Investors sentiment increased to 0.89 in Q4 2017. Its up 0.11, from 0.78 in 2017Q3. It increased, as 52 investors sold STX shares while 161 reduced holdings. 80 funds opened positions while 109 raised stakes. 244.40 million shares or 5.86% less from 259.60 million shares in 2017Q3 were reported. Japan-based Sumitomo Mitsui Asset Mgmt has invested 0.01% in Seagate Technology plc (NASDAQ:STX). Guardian Inv Mngmt holds 10,300 shares. 7,608 are held by Laurion Cap Mgmt L P. Hanson Mcclain reported 0% stake. Wells Fargo Company Mn, California-based fund reported 2.32 million shares. Lockheed Martin Investment Mgmt accumulated 0.01% or 5,000 shares. Creative Planning invested in 46,496 shares. Federated Pa accumulated 5,191 shares. 314,149 are held by Tcw. 12,710 were reported by Guyasuta Inv Advisors. Principal Grp invested 0.02% in Seagate Technology plc (NASDAQ:STX). Bb&T Securities Lc holds 0.06% or 101,586 shares. Brown Advisory accumulated 5,627 shares. Brown Brothers Harriman & accumulated 0% or 481 shares. Brinker Cap Incorporated holds 0.03% of its portfolio in Seagate Technology plc (NASDAQ:STX) for 17,254 shares.

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