As Eaton Plc (ETN) Share Value Rose, Fmr Decreased Position; As Medtronic (MDT) Shares Rose, Confluence Investment Management Has Lifted Stake by $444,400

December 15, 2017 - By Nellie Frank

Fmr Llc decreased its stake in Eaton Corp Plc (ETN) by 3.18% based on its latest 2017Q2 regulatory filing with the SEC. Fmr Llc sold 291,744 shares as the company’s stock rose 8.91% with the market. The institutional investor held 8.89 million shares of the technology company at the end of 2017Q2, valued at $691.81 million, down from 9.18M at the end of the previous reported quarter. Fmr Llc who had been investing in Eaton Corp Plc for a number of months, seems to be less bullish one the $34.41 billion market cap company. The stock increased 1.20% or $0.92 during the last trading session, reaching $77.36. About 631,612 shares traded. Eaton Corporation plc (NYSE:ETN) has risen 31.02% since December 15, 2016 and is uptrending. It has outperformed by 14.32% the S&P500.

Confluence Investment Management Llc increased its stake in Medtronic (MDT) by 2.72% based on its latest 2017Q2 regulatory filing with the SEC. Confluence Investment Management Llc bought 5,050 shares as the company’s stock rose 5.51% with the market. The institutional investor held 190,927 shares of the electromedical & electrotherapeutic apparatus company at the end of 2017Q2, valued at $16.95 million, up from 185,877 at the end of the previous reported quarter. Confluence Investment Management Llc who had been investing in Medtronic for a number of months, seems to be bullish on the $112.26 billion market cap company. The stock increased 1.36% or $1.11 during the last trading session, reaching $82.94. About 2.15M shares traded. Medtronic plc (NYSE:MDT) has risen 4.04% since December 15, 2016 and is uptrending. It has underperformed by 12.66% the S&P500.

Among 28 analysts covering Medtronic (NYSE:MDT), 18 have Buy rating, 0 Sell and 10 Hold. Therefore 64% are positive. Medtronic had 76 analyst reports since August 10, 2015 according to SRatingsIntel. Wedbush maintained Medtronic plc (NYSE:MDT) on Wednesday, June 1 with “Neutral” rating. The stock has “Outperform” rating by Credit Suisse on Monday, August 10. The rating was maintained by Stifel Nicolaus with “Hold” on Tuesday, August 22. The stock has “Buy” rating by Needham on Friday, August 26. Bank of America downgraded the stock to “Neutral” rating in Tuesday, January 3 report. The stock of Medtronic plc (NYSE:MDT) earned “Outperform” rating by RBC Capital Markets on Tuesday, September 29. The firm earned “Overweight” rating on Wednesday, November 23 by Barclays Capital. Wells Fargo maintained the stock with “Buy” rating in Monday, July 10 report. The stock of Medtronic plc (NYSE:MDT) has “Hold” rating given on Friday, September 4 by Jefferies. The rating was maintained by Credit Suisse on Monday, November 23 with “Outperform”.

Investors sentiment decreased to 0.9 in 2017 Q2. Its down 0.06, from 0.96 in 2017Q1. It is negative, as 72 investors sold MDT shares while 449 reduced holdings. 99 funds opened positions while 370 raised stakes. 1.06 billion shares or 2.23% less from 1.08 billion shares in 2017Q1 were reported. 112,300 were accumulated by Capital Ca. Dupont Capital Corporation holds 0.15% or 74,052 shares in its portfolio. Moreover, Manchester Ltd Liability Co has 0% invested in Medtronic plc (NYSE:MDT) for 95 shares. Douglass Winthrop Advisors Ltd Liability Company has invested 0.02% in Medtronic plc (NYSE:MDT). Keybank Association Oh holds 0.14% of its portfolio in Medtronic plc (NYSE:MDT) for 267,663 shares. Seizert Cap Partners Ltd Company invested in 0.02% or 5,342 shares. Prudential Public Limited Liability Corporation owns 7,438 shares. Cim Mangement accumulated 3,443 shares. Moreover, First Foundation Advisors has 1.76% invested in Medtronic plc (NYSE:MDT). Castleark Mngmt has 0.38% invested in Medtronic plc (NYSE:MDT). Corbyn Investment Mngmt Md has 1.22% invested in Medtronic plc (NYSE:MDT) for 43,800 shares. Winslow Capital Mngmt Ltd stated it has 0% in Medtronic plc (NYSE:MDT). Round Table Limited Com accumulated 5,183 shares or 0.17% of the stock. Hermes Invest Mngmt Ltd holds 0.02% of its portfolio in Medtronic plc (NYSE:MDT) for 12,300 shares. Capstone Asset Mgmt reported 206,917 shares.

Confluence Investment Management Llc, which manages about $2.30B and $4.92 billion US Long portfolio, decreased its stake in Mastercard Inc. (NYSE:MA) by 15,878 shares to 388,622 shares, valued at $47.20M in 2017Q2, according to the filing. It also reduced its holding in Donnelley Financial Solutions by 401,713 shares in the quarter, leaving it with 305,275 shares, and cut its stake in Graco Inc. (NYSE:GGG).

Fmr Llc, which manages about $804.54B US Long portfolio, upped its stake in Pjt Partners Inc by 149,881 shares to 514,349 shares, valued at $20.69 million in 2017Q2, according to the filing. It also increased its holding in Silgan Holdings Inc (NASDAQ:SLGN) by 6.49M shares in the quarter, for a total of 13.09 million shares, and has risen its stake in Wisdomtree Tr (DFJ).

Among 29 analysts covering Eaton Corporation (NYSE:ETN), 7 have Buy rating, 4 Sell and 18 Hold. Therefore 24% are positive. Eaton Corporation had 73 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was maintained by Citigroup on Thursday, November 2 with “Buy”. As per Wednesday, August 26, the company rating was upgraded by Vertical Research. As per Thursday, October 15, the company rating was downgraded by William Blair. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, February 4. The company was maintained on Wednesday, August 23 by Jefferies. The stock has “Market Perform” rating by Bernstein on Monday, May 2. The company was maintained on Wednesday, November 1 by Jefferies. The stock of Eaton Corporation plc (NYSE:ETN) earned “Neutral” rating by Atlantic Securities on Friday, August 14. RBC Capital Markets maintained Eaton Corporation plc (NYSE:ETN) on Tuesday, October 20 with “Sector Perform” rating. As per Thursday, October 12, the company rating was maintained by KeyBanc Capital Markets.

Analysts await Eaton Corporation plc (NYSE:ETN) to report earnings on February, 1. They expect $1.24 earnings per share, up 10.71% or $0.12 from last year’s $1.12 per share. ETN’s profit will be $551.56 million for 15.60 P/E if the $1.24 EPS becomes a reality. After $1.25 actual earnings per share reported by Eaton Corporation plc for the previous quarter, Wall Street now forecasts -0.80% negative EPS growth.

Investors sentiment decreased to 1.07 in 2017 Q2. Its down 0.06, from 1.13 in 2017Q1. It dived, as 37 investors sold ETN 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. Carroll Fincl Associate holds 0.01% or 1,313 shares. Brandywine Global Inv Mngmt Limited Liability, Pennsylvania-based fund reported 923,896 shares. Caisse De Depot Et Placement Du Quebec holds 0.03% or 183,698 shares in its portfolio. 63,428 are held by Steinberg Glob Asset. Tarbox Family Office invested in 873 shares. Foundry Limited Liability Corporation has invested 0.89% in Eaton Corporation plc (NYSE:ETN). State Of Tennessee Treasury Department has invested 0.12% in Eaton Corporation plc (NYSE:ETN). Intact Invest Mngmt holds 61,800 shares or 0.21% of its portfolio. Capital Intl Ltd Ca, California-based fund reported 321,457 shares. Dimensional Fund Advsrs LP owns 3.70 million shares for 0.13% of their portfolio. 81 were reported by Farmers & Merchants. Financial Architects invested 0.04% of its portfolio in Eaton Corporation plc (NYSE:ETN). Obermeyer Wood Investment Counsel Lllp stated it has 2.54% in Eaton Corporation plc (NYSE:ETN). State Board Of Administration Of Florida Retirement System invested in 0.15% or 662,334 shares. Stonebridge Advsr Limited stated it has 35,631 shares or 0.73% of all its holdings.

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