Eaton Corp Plc (ETN) Position Raised by Kepos Capital Lp

April 21, 2018 - By Nellie Frank

Eaton Corporation plc (NYSE:ETN) LogoInvestors sentiment increased to 1.15 in 2017 Q4. Its up 0.15, from 1 in 2017Q3. It improved, as 41 investors sold ETN shares while 281 reduced holdings. 104 funds opened positions while 267 raised stakes. 331.54 million shares or 0.44% more from 330.10 million shares in 2017Q3 were reported. First Citizens Comml Bank And Trust holds 0.55% of its portfolio in Eaton Corporation plc (NYSE:ETN) for 51,586 shares. Cullen Cap Management Ltd reported 0.15% of its portfolio in Eaton Corporation plc (NYSE:ETN). Kentucky Retirement Systems holds 0.15% or 27,170 shares in its portfolio. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys owns 39,411 shares or 0.04% of their US portfolio. Botty Limited Co holds 5,660 shares. San Francisco Sentry Inv Gp (Ca) stated it has 0% in Eaton Corporation plc (NYSE:ETN). Zacks Mgmt reported 1.05% of its portfolio in Eaton Corporation plc (NYSE:ETN). The North Carolina-based Hamilton Point Inv Advsr Limited Liability has invested 1.55% in Eaton Corporation plc (NYSE:ETN). Gateway Advisers Ltd Liability Com has invested 0.2% of its portfolio in Eaton Corporation plc (NYSE:ETN). Millennium Mngmt Ltd Liability Company stated it has 0.08% in Eaton Corporation plc (NYSE:ETN). Td Asset Management has invested 0.04% in Eaton Corporation plc (NYSE:ETN). Royal Bancorp Of Canada has 0.09% invested in Eaton Corporation plc (NYSE:ETN). Ahl Prtnrs Ltd Liability Partnership reported 0.24% in Eaton Corporation plc (NYSE:ETN). Barrett Asset Ltd Limited Liability Company reported 24 shares stake. Thrivent Financial For Lutherans stated it has 888,057 shares.

Kepos Capital Lp increased its stake in Eaton Corp Plc (ETN) by 183.61% based on its latest 2017Q4 regulatory filing with the SEC. Kepos Capital Lp bought 40,010 shares as the company’s stock rose 2.84% while stock markets declined. The hedge fund held 61,801 shares of the technology company at the end of 2017Q4, valued at $4.88 million, up from 21,791 at the end of the previous reported quarter. Kepos Capital Lp who had been investing in Eaton Corp Plc for a number of months, seems to be bullish on the $34.64B market cap company. The stock decreased 0.11% or $0.09 during the last trading session, reaching $79.06. About 2.26M shares traded. Eaton Corporation plc (NYSE:ETN) has risen 9.67% since April 21, 2017 and is uptrending. It has underperformed by 1.88% the S&P500.

Kepos Capital Lp, which manages about $2.11B and $1.11B US Long portfolio, decreased its stake in Ishares Etfs/Usa (LQD) by 392,200 shares to 310,900 shares, valued at $37.79 million in 2017Q4, according to the filing.

Eaton Corporation plc (NYSE:ETN) Ratings Coverage

Among 12 analysts covering Eaton Corporation (NYSE:ETN), 6 have Buy rating, 0 Sell and 6 Hold. Therefore 50% are positive. Eaton Corporation has $102.0 highest and $77.0 lowest target. $87.33’s average target is 10.46% above currents $79.06 stock price. Eaton Corporation had 20 analyst reports since November 1, 2017 according to SRatingsIntel. Jefferies maintained the stock with “Hold” rating in Thursday, February 1 report. RBC Capital Markets maintained it with “Hold” rating and $81.0 target in Wednesday, January 3 report. The rating was upgraded by Bank of America on Thursday, March 8 to “Neutral”. The firm has “Hold” rating given on Friday, January 19 by Stifel Nicolaus. The firm earned “Buy” rating on Monday, February 5 by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Hold” rating in Sunday, December 10 report. JP Morgan upgraded Eaton Corporation plc (NYSE:ETN) on Thursday, March 1 to “Neutral” rating. The firm has “Buy” rating given on Thursday, November 2 by Citigroup. The firm earned “Hold” rating on Thursday, February 1 by RBC Capital Markets. The firm has “Buy” rating given on Wednesday, November 1 by Credit Suisse.

Eaton Corporation plc (NYSE:ETN) Ratings Chart

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