Wbi Investments INC Has Cut Stake in Eaton Corp Plc (ETN) by $9.14 Million as Valuation Declined

July 14, 2018 - By Hazel Jackson

Eaton Corporation plc (NYSE:ETN) LogoInvestors sentiment decreased to 0.96 in 2018 Q1. Its down 0.19, from 1.15 in 2017Q4. It dropped, as 56 investors sold ETN shares while 302 reduced holdings. 76 funds opened positions while 266 raised stakes. 334.54 million shares or 0.90% more from 331.54 million shares in 2017Q4 were reported. Calamos Advisors Ltd Com has invested 0.12% in Eaton Corporation plc (NYSE:ETN). Commerzbank Aktiengesellschaft Fi owns 11,763 shares. Indiana And Invest Mgmt Co holds 5,064 shares or 0.19% of its portfolio. Denali Advisors Limited Liability Company holds 193,678 shares or 2.48% of its portfolio. Cullen Frost Bankers holds 0.58% or 246,320 shares. Carret Asset Mgmt Lc invested 0.53% of its portfolio in Eaton Corporation plc (NYSE:ETN). Anchor Cap Advisors Ltd Llc holds 0.71% of its portfolio in Eaton Corporation plc (NYSE:ETN) for 255,217 shares. Johnson Gru has invested 0.14% in Eaton Corporation plc (NYSE:ETN). Wespac Lc, California-based fund reported 33,949 shares. Regions Fin Corporation reported 936,591 shares. Schafer Cullen Cap Mngmt stated it has 305,828 shares or 0.29% of all its holdings. Lsv Asset Mngmt accumulated 19,200 shares. 113,739 were reported by Texas Permanent School Fund. Trexquant Invest Lp holds 0.21% or 37,797 shares in its portfolio. Moreover, Signaturefd Ltd Liability Co has 0.03% invested in Eaton Corporation plc (NYSE:ETN).

Wbi Investments Inc decreased its stake in Eaton Corp Plc (ETN) by 41.37% based on its latest 2018Q1 regulatory filing with the SEC. Wbi Investments Inc sold 115,668 shares as the company’s stock declined 4.87% with the market. The institutional investor held 163,928 shares of the technology company at the end of 2018Q1, valued at $13.10M, down from 279,596 at the end of the previous reported quarter. Wbi Investments Inc who had been investing in Eaton Corp Plc for a number of months, seems to be less bullish one the $34.00 billion market cap company. The stock increased 1.16% or $0.89 during the last trading session, reaching $77.76. About 1.43M shares traded. Eaton Corporation plc (NYSE:ETN) has risen 1.24% since July 14, 2017 and is uptrending. It has underperformed by 11.33% the S&P500.

Wbi Investments Inc, which manages about $2.52 billion and $1.95 billion US Long portfolio, upped its stake in Booz Allen Hamilton Hldg Cor (NYSE:BAH) by 269,993 shares to 398,066 shares, valued at $15.41M in 2018Q1, according to the filing. It also increased its holding in Absolute Shs Tr (WBIL) by 485,783 shares in the quarter, for a total of 1.75 million shares, and has risen its stake in Absolute Shs Tr (WBIE).

Analysts await Eaton Corporation plc (NYSE:ETN) to report earnings on August, 7. They expect $1.30 earnings per share, up 13.04 % or $0.15 from last year’s $1.15 per share. ETN’s profit will be $568.48 million for 14.95 P/E if the $1.30 EPS becomes a reality. After $1.10 actual earnings per share reported by Eaton Corporation plc for the previous quarter, Wall Street now forecasts 18.18 % EPS growth.

Another recent and important Eaton Corporation plc (NYSE:ETN) news was published by Seekingalpha.com which published an article titled: “Deutsche Bank weighs in on industrials” on July 12, 2018.

Eaton Corporation plc (NYSE:ETN) Ratings Coverage

Among 13 analysts covering Eaton Corporation (NYSE:ETN), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Eaton Corporation has $102.0 highest and $77.0 lowest target. $86’s average target is 10.60% above currents $77.76 stock price. Eaton Corporation had 19 analyst reports since January 19, 2018 according to SRatingsIntel. On Friday, January 19 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, April 3. Evercore upgraded the shares of ETN in report on Monday, May 7 to “Outperform” rating. The rating was upgraded by Bank of America on Friday, May 18 to “Buy”. The rating was maintained by Jefferies with “Hold” on Thursday, February 1. Stifel Nicolaus maintained it with “Buy” rating and $87 target in Thursday, May 3 report. Stifel Nicolaus upgraded the stock to “Buy” rating in Monday, February 5 report. Barclays Capital maintained the shares of ETN in report on Wednesday, May 2 with “Equal-Weight” rating. The company was upgraded on Thursday, March 8 by Bank of America. The firm earned “Hold” rating on Thursday, February 1 by RBC Capital Markets.

Eaton Corporation plc (NYSE:ETN) Ratings Chart

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