Discussion stirs around Eaton Corporation plc (NYSE:ETN) this week; here is what analysts are saying.

July 13, 2018 - By Rene Reddy

Eaton Corporation plc (NYSE:ETN) LogoInvestors sentiment decreased to 0.96 in Q1 2018. Its down 0.19, from 1.15 in 2017Q4. It is negative, as 56 investors sold Eaton Corporation plc 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.
Everence Capital Management holds 9,150 shares or 0.16% of its portfolio. Aull & Monroe Invest Mgmt Corp holds 12,968 shares. Prudential Pcl accumulated 5,700 shares. Macquarie Grp Ltd holds 0.02% or 117,999 shares in its portfolio. Art Advsrs Ltd Liability Corporation reported 28,100 shares or 0.09% of all its holdings. Regal Investment Advsr Ltd invested 0.06% of its portfolio in Eaton Corporation plc (NYSE:ETN). North Star Inv Mgmt Corporation has invested 0% in Eaton Corporation plc (NYSE:ETN). First Manhattan holds 1,620 shares or 0% of its portfolio. Mufg Americas accumulated 0.06% or 25,374 shares. Forward Mgmt Limited Liability Com holds 12,142 shares or 0.14% of its portfolio. Hudson Bay Mgmt L P owns 106,303 shares for 0.18% of their portfolio. Farmers Natl Bank accumulated 0.37% or 7,538 shares. California State Teachers Retirement Sys holds 0.13% of its portfolio in Eaton Corporation plc (NYSE:ETN) for 761,870 shares. Massmutual Fsb Adv owns 2,197 shares. Capital Ca holds 36,400 shares.

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 had 19 analyst reports since January 19, 2018 according to SRatingsIntel. J.P. Morgan upgraded the shares of ETN in report on Thursday, March 1 to “Hold” rating. The firm has “Buy” rating by Jefferies given on Monday, March 26. The stock has “Neutral” rating by Bank of America on Thursday, March 8. The firm has “Buy” rating by Robert W. Baird given on Thursday, February 1. The rating was upgraded by Bank of America on Friday, May 18 to “Buy”. The rating was maintained by Stifel Nicolaus on Tuesday, April 3 with “Buy”. Goldman Sachs upgraded the shares of ETN in report on Tuesday, April 10 to “Buy” rating. The stock of Eaton Corporation plc (NYSE:ETN) earned “Buy” rating by Stifel Nicolaus on Thursday, May 3. The firm has “Buy” rating given on Thursday, July 12 by Deutsche Bank. RBC Capital Markets maintained Eaton Corporation plc (NYSE:ETN) rating on Thursday, February 1. RBC Capital Markets has “Hold” rating and $84.0 target. Below is a list of Eaton Corporation plc (NYSE:ETN) latest ratings and price target changes.

12/07/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Buy New Target: $86 Maintain
18/05/2018 Broker: Bank of America Rating: Buy Upgrade
07/05/2018 Broker: Evercore Old Rating: In-Line New Rating: Outperform Upgrade
03/05/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $88 New Target: $87 Maintain
02/05/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $90 New Target: $82 Maintain
02/05/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $100 New Target: $95 Maintain
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

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 13, 2017 and is uptrending. It has underperformed by 11.33% the S&P500.

Eaton Corporation plc operates as a power management firm worldwide. The company has market cap of $34.00 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 11.38 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.

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 Chart

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.