Gradient Investments Cut Its Pitney Bowes (PBI) Position; Pointstate Capital LP Upped Eaton Plc (ETN) Holding By $53.33 Million

October 13, 2017 - By Clifton Ray

Pointstate Capital Lp increased Eaton Corp Plc (ETN) stake by 160.14% reported in 2017Q2 SEC filing. Pointstate Capital Lp acquired 692,600 shares as Eaton Corp Plc (ETN)’s stock rose 8.91%. The Pointstate Capital Lp holds 1.13 million shares with $87.57M value, up from 432,500 last quarter. Eaton Corp Plc now has $35.01B valuation. The stock decreased 0.24% or $0.19 during the last trading session, reaching $78.53. About 1.93 million shares traded. Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) has risen 31.02% since October 13, 2016 and is uptrending. It has outperformed by 14.32% the S&P500.

Gradient Investments Llc decreased Pitney Bowes Inc (PBI) stake by 99.94% reported in 2017Q2 SEC filing. Gradient Investments Llc sold 461,361 shares as Pitney Bowes Inc (PBI)’s stock rose 11.95%. The Gradient Investments Llc holds 300 shares with $5,000 value, down from 461,661 last quarter. Pitney Bowes Inc now has $2.59 billion valuation. The stock increased 0.22% or $0.03 during the last trading session, reaching $13.88. About 1.37M shares traded. Pitney Bowes Inc. (NYSE:PBI) has declined 15.45% since October 13, 2016 and is downtrending. It has underperformed by 32.15% the S&P500.

Among 4 analysts covering Pitney Bowes (NYSE:PBI), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Pitney Bowes had 6 analyst reports since September 1, 2015 according to SRatingsIntel. Zacks upgraded Pitney Bowes Inc. (NYSE:PBI) on Tuesday, September 1 to “Sell” rating. The firm earned “Sell” rating on Monday, September 7 by Zacks. Sidoti downgraded Pitney Bowes Inc. (NYSE:PBI) on Monday, May 15 to “Neutral” rating. The rating was maintained by Brean Capital on Thursday, September 17 with “Buy”. The stock of Pitney Bowes Inc. (NYSE:PBI) has “Buy” rating given on Wednesday, August 2 by Sidoti. Loop Capital Markets initiated the stock with “Hold” rating in Friday, July 28 report.

Analysts await Pitney Bowes Inc. (NYSE:PBI) to report earnings on November, 7. They expect $0.45 earnings per share, up 2.27% or $0.01 from last year’s $0.44 per share. PBI’s profit will be $83.97 million for 7.71 P/E if the $0.45 EPS becomes a reality. After $0.33 actual earnings per share reported by Pitney Bowes Inc. for the previous quarter, Wall Street now forecasts 36.36% EPS growth.

Since May 17, 2017, it had 1 buy, and 0 insider sales for $75,444 activity. SANFORD LINDA S bought $75,444 worth of stock or 5,000 shares.

Gradient Investments Llc increased Jpmorgan Chase & Co (NYSE:JPM) stake by 6,365 shares to 75,929 valued at $6.94 million in 2017Q2. It also upped Westpac Bkg Corp (NYSE:WBK) stake by 21,049 shares and now owns 31,156 shares. Ishares Tr (IWO) was raised too.

Investors sentiment decreased to 0.89 in 2017 Q2. Its down 0.22, from 1.11 in 2017Q1. It fall, as 43 investors sold PBI shares while 109 reduced holdings. 49 funds opened positions while 87 raised stakes. 140.22 million shares or 1.45% less from 142.28 million shares in 2017Q1 were reported. Moreover, Great West Life Assurance Communications Can has 0% invested in Pitney Bowes Inc. (NYSE:PBI). Nomura accumulated 36,971 shares. Eaton Vance Mgmt stated it has 0% of its portfolio in Pitney Bowes Inc. (NYSE:PBI). Tci Wealth holds 0% or 224 shares in its portfolio. Kistler reported 1,231 shares. Hillsdale Invest Management accumulated 19,900 shares. M&T Bancorp Corporation invested in 0% or 30,289 shares. 2,100 were accumulated by Financial Svcs. Cambridge Investment Advsr has invested 0.01% in Pitney Bowes Inc. (NYSE:PBI). 33,548 are held by Bokf Na. Blackrock Inc holds 0.02% or 20.76 million shares. Natixis reported 12,441 shares or 0% of all its holdings. State Teachers Retirement holds 308,920 shares or 0.01% of its portfolio. Utah Retirement Systems has 34,033 shares. Cadence Capital Management Llc holds 28,390 shares or 0.03% of its portfolio.

Among 28 analysts covering Eaton Corporation (NYSE:ETN), 7 have Buy rating, 3 Sell and 18 Hold. Therefore 25% are positive. Eaton Corporation had 65 analyst reports since July 31, 2015 according to SRatingsIntel. As per Monday, October 19, the company rating was initiated by Credit Agricole. The stock has “Hold” rating by RBC Capital Markets on Monday, July 10. The firm has “Neutral” rating by Atlantic Securities given on Friday, August 14. As per Monday, May 2, the company rating was maintained by Buckingham Research. The firm earned “Hold” rating on Tuesday, August 25 by Deutsche Bank. RBC Capital Markets maintained Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) on Tuesday, August 1 with “Hold” rating. The company was downgraded on Thursday, July 14 by Bank of America. On Thursday, October 15 the stock rating was downgraded by Robert W. Baird to “Neutral”. Jefferies maintained Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) rating on Thursday, July 13. Jefferies has “Hold” rating and $7500 target. RBC Capital Markets maintained the shares of ETN in report on Wednesday, November 2 with “Sector Perform” rating.

Investors sentiment decreased to 1.07 in 2017 Q2. Its down 0.06, from 1.13 in 2017Q1. It is negative, 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. Evanston Investments Incorporated Dba Evanston Advisors, Illinois-based fund reported 105,437 shares. Alpha Windward Ltd Co reported 713 shares. Pekin Singer Strauss Asset Il owns 0.29% invested in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) for 23,737 shares. Barrow Hanley Mewhinney Strauss Ltd Liability Com accumulated 0.02% or 180,104 shares. Baldwin Brothers Inc Ma has 135 shares. Wesbanco Bancorporation holds 0.15% of its portfolio in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) for 35,442 shares. Moreover, Ancora Advsr has 0.42% invested in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN). Meiji Yasuda Life Insur accumulated 0.26% or 21,317 shares. Atria Invs Limited Liability Company holds 0.16% in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) or 34,594 shares. Sfe Inv Counsel holds 0.36% or 11,379 shares in its portfolio. First Allied Advisory Svcs Incorporated holds 26,764 shares or 0.09% of its portfolio. Wespac Advsrs Lc stated it has 1.78% in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN). Tradewinds Capital Mgmt Llc holds 0.01% in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) or 165 shares. Summit Secs Group Ltd holds 0.04% or 2,894 shares in its portfolio. Adage Capital Group Incorporated Limited Com reported 0.05% in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN).

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