Bruce & Co Has Boosted Gm (GM) Position by $2.00 Million; Eaton (ETN) Shareholder Essex Financial Services Lowered Holding

February 15, 2018 - By William Brooks

Bruce & Co Inc increased its stake in Gm (GM) by 12.5% based on its latest 2017Q3 regulatory filing with the SEC. Bruce & Co Inc bought 50,000 shares as the company’s stock declined 12.09% while stock markets rallied. The institutional investor held 450,000 shares of the auto manufacturing company at the end of 2017Q3, valued at $18.17 million, up from 400,000 at the end of the previous reported quarter. Bruce & Co Inc who had been investing in Gm for a number of months, seems to be bullish on the $58.41B market cap company. The stock decreased 0.41% or $0.17 during the last trading session, reaching $41.64. About 1.93 million shares traded. General Motors Company (NYSE:GM) has risen 7.92% since February 15, 2017 and is uptrending. It has underperformed by 8.78% the S&P500.

Essex Financial Services Inc decreased its stake in Eaton Corp (ETN) by 53.59% based on its latest 2017Q3 regulatory filing with the SEC. Essex Financial Services Inc sold 7,588 shares as the company’s stock rose 8.91% with the market. The institutional investor held 6,571 shares of the technology company at the end of 2017Q3, valued at $505,000, down from 14,159 at the end of the previous reported quarter. Essex Financial Services Inc who had been investing in Eaton Corp for a number of months, seems to be less bullish one the $36.50B market cap company. The stock increased 0.22% or $0.18 during the last trading session, reaching $82.85. About 214,403 shares traded. Eaton Corporation plc (NYSE:ETN) has risen 31.02% since February 15, 2017 and is uptrending. It has outperformed by 14.32% the S&P500.

Among 30 analysts covering Eaton Corporation (NYSE:ETN), 9 have Buy rating, 4 Sell and 17 Hold. Therefore 30% are positive. Eaton Corporation had 82 analyst reports since July 31, 2015 according to SRatingsIntel. The company was initiated on Friday, October 7 by HSBC. The firm earned “Hold” rating on Tuesday, January 2 by Stifel Nicolaus. Deutsche Bank maintained Eaton Corporation plc (NYSE:ETN) rating on Tuesday, August 25. Deutsche Bank has “Hold” rating and $65 target. The rating was maintained by RBC Capital Markets on Wednesday, November 2 with “Sector Perform”. The rating was maintained by RBC Capital Markets on Tuesday, October 20 with “Sector Perform”. Jefferies maintained the stock with “Hold” rating in Wednesday, August 23 report. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, August 2. The company was maintained on Thursday, February 1 by Jefferies. The stock of Eaton Corporation plc (NYSE:ETN) earned “Neutral” rating by JP Morgan on Friday, October 9. The stock of Eaton Corporation plc (NYSE:ETN) has “Underperform” rating given on Monday, October 19 by CLSA.

Essex Financial Services Inc, which manages about $2.52 billion and $407.29 million US Long portfolio, upped its stake in Pfizer Inc (NYSE:PFE) by 13,635 shares to 342,887 shares, valued at $12.24M in 2017Q3, according to the filing. It also increased its holding in Tesla Mtrs Inc (NASDAQ:TSLA) by 2,225 shares in the quarter, for a total of 3,384 shares, and has risen its stake in Thermo Fisherscientific Inc (NYSE:TMO).

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.07, from 1.07 in 2017Q2. It turned negative, as 59 investors sold ETN shares while 280 reduced holdings. 80 funds opened positions while 259 raised stakes. 330.10 million shares or 0.23% less from 330.85 million shares in 2017Q2 were reported. 1,805 were accumulated by Sun Life. Pinebridge Investments LP reported 0.05% in Eaton Corporation plc (NYSE:ETN). First Amer Bank & Trust holds 0.18% or 30,915 shares in its portfolio. Amica Pension Fund Board Of Trustees owns 16,710 shares or 0.15% of their US portfolio. Willis Investment Counsel reported 1.11% in Eaton Corporation plc (NYSE:ETN). Speece Thorson Capital Group Incorporated reported 243,975 shares. New Mexico Educational Retirement Board invested in 0.15% or 41,610 shares. Regent Management Ltd reported 7,234 shares or 0.19% of all its holdings. Moneta Group Inv Advsrs Ltd Llc stated it has 0.08% in Eaton Corporation plc (NYSE:ETN). Arrow Fincl holds 1,250 shares or 0.02% of its portfolio. Jarislowsky Fraser Ltd holds 3,290 shares. 313,659 were reported by Schafer Cullen Management. New Jersey-based Financial Architects Inc has invested 0.2% in Eaton Corporation plc (NYSE:ETN). Cibc Mkts accumulated 64,795 shares or 0.05% of the stock. 2,610 are owned by Hyman Charles D.

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By1 William Brooks

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