Today Eaton Corporation Plc Ordinary Shares (NYSE:ETN) Reported Decrease in Shorted Shares

February 24, 2018 - By Peter Erickson

 Today Eaton Corporation Plc Ordinary Shares (NYSE:ETN) Reported Decrease in Shorted Shares

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.07, from 1.07 in 2017Q2. It turned negative, as 59 investors sold Eaton Corporation plc shares while 280 reduced holdings. 80 funds opened positions while 259 raised stakes. 330.10 million shares or 0.23% less from 330.85 million shares in 2017Q2 were reported.
Raymond James Trust Na accumulated 23,875 shares or 0.13% of the stock. Illinois-based North Star Investment Management Corporation has invested 0% in Eaton Corporation plc (NYSE:ETN). 837 were reported by Cornerstone Advsrs Inc. Adirondack Tru reported 100 shares. Cwm Ltd Liability Company holds 29,179 shares or 0.11% of its portfolio. M&T Bancorporation Corp, a New York-based fund reported 553,521 shares. Axa invested in 0.06% or 178,187 shares. Exxonmobil Mngmt Tx invested 0.16% of its portfolio in Eaton Corporation plc (NYSE:ETN). 4.70M are owned by Morgan Stanley. Levin Cap Strategies L P invested 3.9% in Eaton Corporation plc (NYSE:ETN). Capital Int has 3.37M shares for 0.31% of their portfolio. Ftb Advisors accumulated 16,265 shares or 0.13% of the stock. Forward Mgmt Ltd Liability Corp reported 0.11% stake. Guyasuta Investment Advsrs Incorporated invested in 2.67% or 287,878 shares. Private Harbour & Counsel Limited owns 25,620 shares for 1.64% of their portfolio.

The stock of Eaton Corporation Plc Ordinary Shares (NYSE:ETN) registered a decrease of 17.65% in short interest. ETN’s total short interest was 6.47M shares in February as published by FINRA. Its down 17.65% from 7.85M shares, reported previously. With 2.35 million shares average volume, it will take short sellers 3 days to cover their ETN’s short positions. The short interest to Eaton Corporation Plc Ordinary Shares’s float is 1.47%.

The stock increased 0.42% or $0.34 during the last trading session, reaching $82.22. About 2.20M shares traded. Eaton Corporation plc (NYSE:ETN) has risen 31.02% since February 24, 2017 and is uptrending. It has outperformed by 14.32% the S&P500.

Eaton Corporation plc operates as a power management firm worldwide. The company has market cap of $36.23 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 12.31 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.

Eaton Corporation plc (NYSE:ETN) Ratings Coverage

Among 30 analysts covering Eaton Corporation (NYSE:ETN), 9 have Buy rating, 4 Sell and 17 Hold. Therefore 30% are positive. Eaton Corporation had 83 analyst reports since July 31, 2015 according to SRatingsIntel. Stifel Nicolaus upgraded the shares of ETN in report on Monday, February 5 to “Buy” rating. The firm has “Market Perform” rating by Bernstein given on Monday, November 2. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, July 7 report. The stock of Eaton Corporation plc (NYSE:ETN) earned “Hold” rating by RBC Capital Markets on Tuesday, August 1. On Wednesday, November 11 the stock rating was downgraded by Argus Research to “Hold”. As per Wednesday, January 20, the company rating was initiated by Standpoint Research. On Tuesday, August 4 the stock rating was maintained by Argus Research with “Buy”. The stock has “Buy” rating by Citigroup on Thursday, February 4. The rating was maintained by Jefferies on Thursday, October 5 with “Hold”. The firm has “Buy” rating by Robert W. Baird given on Wednesday, January 3.

More notable recent Eaton Corporation plc (NYSE:ETN) news were published by: which released: “Eaton Corp. PLC” on July 20, 2009, also with their article: “Limited Upside Seen For Parker-Hannifin, Analyst Steps To The Sidelines” published on October 02, 2017, published: “A Few Positive Aspects Of Parker-Hannifin Already Priced In; Buckingham Downgrades” on January 19, 2018. More interesting news about Eaton Corporation plc (NYSE:ETN) were released by: and their article: “Your Easy Guide To Credit Suisse’s New Top Stocks List” published on September 11, 2017 as well as‘s news article titled: “Nissan-Eaton Partnership Another Example Of Tesla’s Innovation Impact” with publication date: May 12, 2016.

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