In today’s session Eaton Corporation, PLC Ordinary Shares (ETN) registered an unusually high (506) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious ETN increase. With 506 contracts traded and 11584 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: ETN170120C00072500 closed last at: $1.2 or 166.7% up. About 638,352 shares traded hands. Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) has risen 9.38% since April 12, 2016 and is uptrending. It has outperformed by 4.39% the S&P500.
Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) Ratings Coverage
Out of 21 analysts covering Eaton Corporation (NYSE:ETN), 4 rate it a “Buy”, 2 “Sell”, while 15 “Hold”. This means 19% are positive. $78 is the highest target while $51 is the lowest. The $60 average target is -10.82% below today’s ($67.28) stock price. Eaton Corporation has been the topic of 41 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Bank of America downgraded the shares of ETN in a report on Thursday, July 14 to “Neutral” rating. The firm earned “Market Perform” rating on Monday, November 2 by Bernstein. On Thursday, October 15 the stock rating was downgraded by William Blair to “Neutral”. The rating was maintained by RBC Capital Markets on Wednesday, November 2 with “Sector Perform”. On Wednesday, January 20 the stock rating was initiated by Standpoint Research with “Buy”. Avondale initiated Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) rating on Thursday, October 15. Avondale has “Market Perform” rating and $60 price target. JP Morgan downgraded the stock to “Neutral” rating in Friday, October 9 report. Credit Agricole initiated Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) on Monday, October 19 with “Underperform” rating. The company was maintained on Monday, May 2 by Bernstein. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, July 30.
According to Zacks Investment Research, “Eaton Corporation plc is a power management company. The Company is a provider of electrical products, systems and services for power distribution and control, power transmission, lighting and wiring products; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. It serves the Agriculture and Forestry, Aviation, Community Infrastructure, Construction, Data Centers, Energy, Government & Military, Healthcare, Manufacturing & Industrial, Residential and Vehicles markets. Eaton Corporation plc, formerly known as Eaton Corporation Limited is headquartered in Cleveland, Ohio.”
Insitutional Activity: The institutional sentiment increased to 1.19 in 2016 Q2. Its up 0.10, from 1.09 in 2016Q1. The ratio improved, as 68 funds sold all Eaton Corporation, PLC Ordinary Shares shares owned while 236 reduced positions. 78 funds bought stakes while 285 increased positions. They now own 324.53 million shares or 1.55% less from 329.64 million shares in 2016Q1.
Airain Limited has invested 0.13% of its portfolio in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN). Bartlett Ltd Company last reported 0.01% of its portfolio in the stock. Blackrock Advsrs Ltd Liability Corp accumulated 0.1% or 1.65 million shares. Bokf Na owns 50,793 shares or 0.11% of their US portfolio. Moreover, Hanson & Doremus Invest Mngmt has 0% invested in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) for 68 shares. Moreover, Cornerstone Investment Limited Liability Corporation has 0.64% invested in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) for 306,760 shares. Essex Finance Inc holds 6,518 shares or 0.09% of its portfolio. Rhumbline Advisers owns 682,326 shares or 0.12% of their US portfolio. Stonebridge Advisors Ltd holds 0.8% of its portfolio in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) for 39,247 shares. Wetherby Asset Management owns 9,643 shares or 0.13% of their US portfolio. Winslow Evans & Crocker Incorporated accumulated 0% or 3,648 shares. Todd Asset Lc last reported 21,513 shares in the company. Johnson Inv Counsel holds 0.06% of its portfolio in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) for 32,808 shares. Canada Pension Plan Inv Board last reported 0.03% of its portfolio in the stock. Bridgewater Assoc Limited Partnership last reported 112,292 shares in the company.
ETN Company Profile
Eaton Corporation plc (Eaton), incorporated on May 10, 2012, is a power management company. The Firm provides energy-efficient solutions that help its clients to manage electrical, hydraulic and mechanical power. The Firm sells products to clients in over 175 countries. The Firm operates in four divisions: Electrical Products and Electrical Systems and Services, Hydraulics, Aerospace and Vehicle.
More news for Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) were recently published by: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on July 20, 2009. Equitiesfocus.com‘s article titled: “Eaton Corporation, PLC (NYSE:ETN) PEG Ratio At 1.94” and published on November 12, 2016 is yet another important article.
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