Eaton Corp (NYSE:ETN).
Lazard Asset Management LLC says it increased its investment in Eaton Corp by 2.4% in the last quarter. Its investment was valued at $449,382,000 an increase of $4,594,000 according to the filing.
The following firms have recently changed their position in ETN. Epoch Investment Partners, Inc. cut its ownership by shedding 28,682 shares a decrease of 3.0% in the quarter. Epoch Investment Partners, Inc. owns 918,098 shares worth $70,501,000. The total value of its holdings decreased 4.3%. As of the end of the quarter Dimensional Fund Advisors Lp had bought a total of 149,844 shares growing its holdings by 4.0%. The value of the total investment in Eaton Corp went from $288,236,000 to $295,900,000 a change of $7,664,000 for the reporting period.
Alliancebernstein L.P. divested its holdings by selling 457,073 shares a decrease of 8.6%. Alliancebernstein L.P. claims 4,860,548 shares valued at $373,241,000. The value of the position overall is down by 9.8%.
On November 3 Stifel Nicolaus maintained a company rating of “Hold” projecting a price of $85.00. Citigroup raised the price target on November 2 changing the forecast from $90.00 to $92.00 with a rating of “Buy”.
November 1 investment analysts at Credit Suisse Group held the stock rating at “Outperform” targeting a price of $92.00. Equity analyst Jefferies Group LLC raised the price target on November 1 changing the price objective from $70.00 to $80.00 and issued a “Hold” recommendation.
On October 31, 2017 Oppenheimer Holdings reiterated a “Hold” rating on the company. Equity analyst Buckingham Research released a research note on ETN giving it an initial rating of “Neutral”.
The company is now down by 100.00% since yesterday’s close of 3.217. Investors are feeling more bullish on Eaton Corp of late if you take note of the motion in short interest. The firm had a fall in short interest from October 13, 2017 to October 31, 2017 of -26.51%. Short interest fell 1,697,917 over that period. The short-interest ratio decreased to 2.0 and the percentage of shorted shares was inf% on October 31.