Foundry Partners LLC Increases Stake in Eaton Corp (ETN)

Henrietta Strickland
November 13, 2017

In related news, Director Deborah L. Mccoy sold 6,450 shares of Eaton Corporation, PLC stock in a transaction that occurred on Monday, September 11th. The institutional investor held 105,782 shares of the technology company at the end of 2017Q2, valued at $8.23 million, down from 155,496 at the end of the previous reported quarter. It dived, as 37 investors sold Eaton Corporation, PLC Ordinary Shares shares while 289 reduced holdings.

Shares of Eaton Corporation, PLC (NYSE:ETN) traded up $0.06 during mid-day trading on Wednesday, reaching $77.92. Private Harbour Mngmt & Counsel Ltd Liability Corporation holds 1.69% or 26,435 shares. About shares traded. Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) has risen 31.02% since November 13, 2016 and is uptrending. It has outperformed by 14.32% the S&P500. (NBL) stake by 99.36% reported in 2017Q2 SEC filing. Guardian Life Insurance Co. of America now owns 1,742 shares of the industrial products company's stock worth $129,000 after buying an additional 12 shares during the last quarter. Janney Management reported 464,800 shares. The company has market cap of $3.78 billion. Trustmark National Bank Trust Department increased its holdings in shares of Eaton Corporation, PLC by 0.7% during the 1st quarter. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. analysts predict that Eaton Corporation, PLC will post 4.6 earnings per share for the current year. Maxim Integrated Products Inc. Noble Energy, Inc. (NYSE:NBL) has declined 10.36% since November 11, 2016 and is downtrending. It has outperformed by 14.57% the S&P500. Eaton has plans to invest $454 million in a three-year restructuring program, between 2015 and 2017, which will boost its operating margin by $508 million. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.43 and a quick ratio of 1.02. 74 funds opened positions while 274 raised stakes. The industrial products company reported $1.25 earnings per share for the quarter, hitting the consensus estimate of $1.25. Of Toledo Na Oh reported 21,049 shares stake. Mason Street Lc holds 62,080 shares. Synovus Financial Corp invested in 0.11% or 68,288 shares. Moreover, Essex Svcs has 0.04% invested in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) for 14,159 shares. Point72 Asia (Hong Kong) stated it has 917 shares. Highstreet Asset Management invested in 0.14% or 16,361 shares. First Republic Invest owns 145,839 shares. Harfst & Associates Inc. purchased a new position in shares of Eaton Corporation, PLC in the 1st quarter worth approximately $109,000. Pennsylvania Trust invested in 46,106 shares. Levin Cap Strategies Ltd Partnership accumulated 2.58 million shares or 3.51% of the stock. Murphy Cap Mngmt Incorporated has invested 0.04% in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN). Corporate insiders own 0.80% of the company's stock. ValuEngine upgraded Eaton Corporation, PLC from a "hold" rating to a "buy" rating in a research note on Friday, September 15th. Therefore 70% are positive. Buckingham Research initiated coverage on Eaton Corporation, PLC in a research report on Tuesday, October 17th. Zacks Investment Research downgraded Eaton Corporation, PLC from a "buy" rating to a "hold" rating in a research note on Monday, July 31st. The stock now has a consensus rating of "Hold" and an average target price of $82.86. Finally, Stifel Nicolaus reiterated a "hold" rating and issued a $82.00 target price on shares of Eaton Corporation, PLC in a research report on Thursday, October 12th. The company was maintained on Wednesday, November 1 by Credit Suisse. The rating was initiated by JMP Securities with "Mkt Perform" on Monday, June 19. The stock of Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) earned "Sector Perform" rating by RBC Capital Markets on Wednesday, November 2. The company was maintained on Tuesday, August 4 by Argus Research. The Lansdowne Partners Uk Llp holds 38,653 shares with $3.01M value, down from 185,300 last quarter.

Since May 15, 2017, it had 0 insider buys, and 9 selling transactions for $7.83 million activity. (NASDAQ:MXIM) was sold by DOLUCA TUNC on Tuesday, June 6.

Investors sentiment decreased to 1.07 in Q2 2017. Its up 0.07, from 1.11 in 2017Q1. Institutional investors and hedge funds own 76.78% of the company's stock. Pathstone Family Office Llc reported 49 shares. Suntrust Banks reported 0.01% stake. Advantus Capital Mgmt Inc has invested 0.03% in Noble Energy, Inc. Inv Centers Of America Incorporated, a North Dakota-based fund reported 15,734 shares.

Among 8 analysts covering First Ind. Rlty (NYSE:FR), 4 have Buy rating, 0 Sell and 4 Hold. City Holdings Comm invested 0.01% in Maxim Integrated Products Inc. Omers Administration holds 0.02% or 19,400 shares in its portfolio. Ohio-based Opus Group Limited Liability Company has invested 0.11% in Maxim Integrated Products Inc. Price T Rowe Assoc Md accumulated 0.01% or 873,208 shares. Raymond James Fincl Ser Advsr invested in 52,994 shares or 0.02% of the stock. It also reduced its holding in Hormel Foods Corp (NYSE:HRL) by 966,813 shares in the quarter, leaving it with 66,507 shares, and cut its stake in Ishares Tr (IWD).

Among 27 analysts covering Noble Energy Inc. Therefore 50% are positive. Maxim Integrated Products Inc. had 71 analyst reports since July 24, 2015 according to SRatingsIntel. Robert W. Baird has "Neutral" rating and $59.0 target. The rating was maintained by Jefferies on Thursday, July 13 with "Hold". The ex-dividend date of this dividend is Thursday, November 2nd. Wells Fargo maintained Maxim Integrated Products Inc. The stock of Noble Energy, Inc. (NASDAQ:MXIM) has "Hold" rating given on Friday, October 13 by RBC Capital Markets. As per Friday, December 9, the company rating was upgraded by JP Morgan. The rating was maintained by Credit Suisse with "Neutral" on Friday, January 22. Stifel Nicolaus has "Buy" rating and $31.5000 target.

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