Breaking: Citigroup Reiterates $92 Target Price per Share On Eaton Corp PLC (NYSE:ETN) Shares, Reiterates Their Original “Buy” Rating

November 14, 2017 - By Hazel Jackson

 Breaking: Citigroup Reiterates $92 Target Price per Share On Eaton Corp PLC (NYSE:ETN) Shares, Reiterates Their Original

Investors sentiment decreased to 1.07 in Q2 2017. Its down 0.06, from 1.13 in 2017Q1. It is negative, as 37 investors sold Eaton Corporation, PLC Ordinary Shares shares while 289 reduced holdings. 74 funds opened positions while 274 raised stakes. 330.85 million shares or 0.85% less from 333.69 million shares in 2017Q1 were reported.

Van Hulzen Asset Limited Com stated it has 1.52% of its portfolio in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN). Midas Management Corporation has 18,000 shares for 0.74% of their portfolio. Fmr Ltd Limited Liability Company owns 8.89M shares or 0.09% of their US portfolio. Nippon Life Insurance invested in 0.03% or 21,686 shares. James Invest Rech holds 0.41% in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) or 170,722 shares. Wilen Inv Management has 0.2% invested in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN). First Citizens Natl Bank Tru owns 0.36% invested in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) for 35,659 shares. Cornerstone Capital Mgmt Lc accumulated 0.06% or 100,097 shares. Hermes Management Ltd has 0.17% invested in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) for 136,659 shares. Welch Group, Alabama-based fund reported 3,380 shares. Douglass Winthrop Advsrs Limited stated it has 3,250 shares or 0.02% of all its holdings. Riggs Asset Managment Com reported 0.01% in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN). Indiana-based Indiana Tru And Mngmt has invested 0.2% in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN). Caprock Grp Inc accumulated 12,408 shares. Smithbridge Asset Mngmt De accumulated 2,882 shares or 0.18% of the stock.

Eaton Corp PLC (NYSE:ETN) Rating Reaffirmed

Expert analysts at Citigroup now has a $92 PT on Eaton Corp PLC (NYSE:ETN). Citigroup and their recent PT suggests a potential upside of 19.29 % from the company’s last close price. The rating has been revealed to investors in an analyst report on Thursday morning.

Investors sentiment decreased to 1.07 in Q2 2017. Its down 0.06, from 1.13 in 2017Q1. It is negative, as 37 investors sold Eaton Corporation, PLC Ordinary Shares shares while 289 reduced holdings. 74 funds opened positions while 274 raised stakes. 330.85 million shares or 0.85% less from 333.69 million shares in 2017Q1 were reported.

Van Hulzen Asset Limited Com stated it has 1.52% of its portfolio in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN). Midas Management Corporation has 18,000 shares for 0.74% of their portfolio. Fmr Ltd Limited Liability Company owns 8.89M shares or 0.09% of their US portfolio. Nippon Life Insurance invested in 0.03% or 21,686 shares. James Invest Rech holds 0.41% in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) or 170,722 shares. Wilen Inv Management has 0.2% invested in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN). First Citizens Natl Bank Tru owns 0.36% invested in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) for 35,659 shares. Cornerstone Capital Mgmt Lc accumulated 0.06% or 100,097 shares. Hermes Management Ltd has 0.17% invested in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) for 136,659 shares. Welch Group, Alabama-based fund reported 3,380 shares. Douglass Winthrop Advsrs Limited stated it has 3,250 shares or 0.02% of all its holdings. Riggs Asset Managment Com reported 0.01% in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN). Indiana-based Indiana Tru And Mngmt has invested 0.2% in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN). Caprock Grp Inc accumulated 12,408 shares. Smithbridge Asset Mngmt De accumulated 2,882 shares or 0.18% of the stock.

Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) Ratings Coverage

Among 29 analysts covering Eaton Corporation (NYSE:ETN), 7 have Buy rating, 4 Sell and 18 Hold. Therefore 24% are positive. Eaton Corporation has $92.0 highest and $51 lowest target. $67.86’s average target is -12.01% below currents $77.12 stock price. Eaton Corporation had 72 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) has “Sector Perform” rating given on Thursday, July 30 by RBC Capital Markets. The rating was maintained by Deutsche Bank with “Hold” on Tuesday, August 25. The firm earned “Market Perform” rating on Thursday, October 15 by Avondale. RBC Capital Markets maintained the shares of ETN in report on Tuesday, October 20 with “Sector Perform” rating. The stock of Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) earned “Buy” rating by Citigroup on Thursday, November 2. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, August 2. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, May 2. JP Morgan downgraded the stock to “Underweight” rating in Thursday, August 17 report. The company was initiated on Wednesday, February 1 by Avondale. The rating was downgraded by Bank of America to “Underperform” on Tuesday, October 17.

About 201,543 shares traded. Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) has risen 31.02% since November 14, 2016 and is uptrending. It has outperformed by 14.32% the S&P500.

Analysts expect Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) to report $1.24 EPS on February, 1.They anticipate $0.12 EPS change or 10.71 % from last quarter’s $1.12 EPS. ETN’s profit would be $552.00 million giving it 15.55 P/E if the $1.24 EPS is correct. After having $1.25 EPS previously, Eaton Corporation, PLC Ordinary Shares’s analysts see -0.80 % EPS growth.

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