Churchill Management Has Cut By $418,572 Its Eaton Plc Shs (ETN) Position; Connors Investor Services Cut Adobe Systems (ADBE) Stake By $8.62 Million

December 17, 2017 - By Stephen Andrade

Churchill Management Corp decreased Eaton Corp Plc Shs (ETN) stake by 1.99% reported in 2017Q2 SEC filing. Churchill Management Corp sold 5,436 shares as Eaton Corp Plc Shs (ETN)’s stock rose 8.91%. The Churchill Management Corp holds 267,180 shares with $20.80 million value, down from 272,616 last quarter. Eaton Corp Plc Shs now has $34.38 billion valuation. The stock increased 1.11% or $0.85 during the last trading session, reaching $77.29. About 3.50M shares traded or 48.88% up from the average. Eaton Corporation plc (NYSE:ETN) has risen 31.02% since December 17, 2016 and is uptrending. It has outperformed by 14.32% the S&P500.

Connors Investor Services Inc decreased Adobe Systems (ADBE) stake by 51.05% reported in 2017Q2 SEC filing. Connors Investor Services Inc sold 61,131 shares as Adobe Systems (ADBE)’s stock rose 14.01%. The Connors Investor Services Inc holds 58,610 shares with $8.29 million value, down from 119,741 last quarter. Adobe Systems now has $87.50B valuation. The stock increased 1.43% or $2.51 during the last trading session, reaching $177.51. About 9.19M shares traded or 203.08% up from the average. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since December 17, 2016 and is uptrending. It has outperformed by 25.59% the S&P500.

Investors sentiment increased to 1.11 in 2017 Q2. Its up 0.01, from 1.1 in 2017Q1. It increased, as 49 investors sold ADBE shares while 326 reduced holdings. 117 funds opened positions while 294 raised stakes. 418.45 million shares or 0.88% less from 422.18 million shares in 2017Q1 were reported. Montag A & Inc holds 0.71% or 44,788 shares in its portfolio. Capital One Association holds 0.03% in Adobe Systems Incorporated (NASDAQ:ADBE) or 2,611 shares. Hhr Asset Mgmt Limited has 4.18% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 568,178 shares. Icon Advisers Inc invested in 32,580 shares or 0.32% of the stock. Trinity Street Asset Mgmt Llp reported 236,712 shares. Wells Fargo And Mn has 2.90M shares. Nationwide Fund Advsr has 0.4% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Apg Asset Mngmt Nv holds 579,882 shares. Ameriprise Inc reported 5.05 million shares. Cape Cod Five Cents State Bank has 0.99% invested in Adobe Systems Incorporated (NASDAQ:ADBE). American Insurance Tx holds 0.6% or 78,254 shares. Cap Counsel Limited Liability has 0.06% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Central Financial Bank & Communication has invested 1.86% in Adobe Systems Incorporated (NASDAQ:ADBE). Comerica Inc holds 0.09% or 4,475 shares in its portfolio. Germany-based Commerzbank Aktiengesellschaft Fi has invested 0.05% in Adobe Systems Incorporated (NASDAQ:ADBE).

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. Therefore 76% are positive. Adobe Systems had 132 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was maintained by Bank of America with “Buy” on Wednesday, December 13. BMO Capital Markets maintained it with “Buy” rating and $165.0 target in Tuesday, August 22 report. The firm has “Overweight” rating by KeyBanc Capital Markets given on Friday, December 11. The company was maintained on Tuesday, June 20 by Canaccord Genuity. Jefferies maintained the stock with “Buy” rating in Wednesday, September 20 report. The rating was maintained by Rosenblatt with “Buy” on Wednesday, June 22. KeyBanc Capital Markets maintained the stock with “Buy” rating in Wednesday, October 18 report. RBC Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Friday, December 15. RBC Capital Markets has “Buy” rating and $193.0 target. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, October 2 report. Wunderlich maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Thursday, November 3. Wunderlich has “Hold” rating and $115 target.

Since August 9, 2017, it had 0 insider purchases, and 5 sales for $2.45 million activity. Shares for $286,466 were sold by Lewnes Ann on Wednesday, August 9. $379,784 worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by THOMPSON MATTHEW. $1.18 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by WARNOCK JOHN E.

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on December, 21. They expect $0.96 EPS, up 15.66% or $0.13 from last year’s $0.83 per share. ADBE’s profit will be $473.22 million for 46.23 P/E if the $0.96 EPS becomes a reality. After $0.90 actual EPS reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 6.67% EPS growth.

Connors Investor Services Inc increased Kimberlyclark (NYSE:KMB) stake by 26,255 shares to 53,980 valued at $6.97 million in 2017Q2. It also upped Schlumberger (NYSE:SLB) stake by 5,670 shares and now owns 116,223 shares. Becton Dickinson (NYSE:BDX) was raised too.

Analysts await Eaton Corporation plc (NYSE:ETN) to report earnings on February, 1. They expect $1.24 EPS, up 10.71% or $0.12 from last year’s $1.12 per share. ETN’s profit will be $551.56 million for 15.58 P/E if the $1.24 EPS becomes a reality. After $1.25 actual EPS reported by Eaton Corporation plc for the previous quarter, Wall Street now forecasts -0.80% negative EPS growth.

Investors sentiment decreased to 1 in Q2 2017. Its down 0.07, from 1.07 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. First Allied Advisory Ser holds 26,764 shares or 0.09% of its portfolio. Koch reported 0.06% of its portfolio in Eaton Corporation plc (NYSE:ETN). 1.13M are owned by Pointstate Cap Lp. Wilen Invest Management holds 4,400 shares or 0.2% of its portfolio. Aviva Public Ltd Company reported 282,122 shares or 0.12% of all its holdings. Moreover, Nippon Life Ins Com has 0.03% invested in Eaton Corporation plc (NYSE:ETN). Carret Asset Management Lc has invested 0.47% in Eaton Corporation plc (NYSE:ETN). Texas Yale Capital Corporation holds 16,700 shares or 0.11% of its portfolio. Employees Retirement Sys Of Texas has 26,369 shares. Jaffetilchin Inv Ptnrs Limited Liability reported 11,708 shares or 0.31% of all its holdings. States Steel & Carnegie Pension Fund reported 725,357 shares stake. Amica Retiree Med Tru, a Rhode Island-based fund reported 2,526 shares. Limited Ca holds 321,457 shares or 1.66% of its portfolio. 40,376 were accumulated by Meiji Yasuda Asset Management. The Illinois-based Old Second Retail Bank Of Aurora has invested 1% in Eaton Corporation plc (NYSE:ETN).

Churchill Management Corp increased Spdr S&P 500 Etf Tr Tr Unit (SPY) stake by 42,892 shares to 878,637 valued at $212.45 million in 2017Q2. It also upped Apple Inc Com (NASDAQ:AAPL) stake by 20,190 shares and now owns 38,990 shares. Pfizer Inc Com (NYSE:PFE) was raised too.

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. JP Morgan downgraded the shares of ETN in report on Friday, October 9 to “Neutral” rating. The company was downgraded on Wednesday, November 11 by Argus Research. RBC Capital Markets maintained it with “Hold” rating and $7800 target in Monday, July 10 report. The stock of Eaton Corporation plc (NYSE:ETN) earned “Hold” rating by Jefferies on Wednesday, November 1. The rating was maintained by Stifel Nicolaus on Sunday, December 10 with “Hold”. The company was maintained on Thursday, February 4 by RBC Capital Markets. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, May 2. RBC Capital Markets maintained it with “Sector Perform” rating and $68 target in Thursday, July 30 report. The stock of Eaton Corporation plc (NYSE:ETN) earned “Underweight” rating by JP Morgan on Thursday, August 17. The firm has “In-Line” rating given on Monday, August 7 by Evercore.

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