Eaton Corporation Plcs ETN is mainly held by institutional shareholders who own 84% of the company. Despite recent dips, Eaton has seen a rise in its shares as it continually grows, with healthy tailwinds pushing it forward. It recently hit a 52-week high, and Billionaire investors Phillipe Laffont and Steve Cohen are bullish on the company. Eaton's strong performance in Q1 2024 saw record gains and raised guidance, allowing the firm to excel in different sectors including Electrical and Aerospace. Furthermore, it has seen significant trading activity with certain investors like Chatham Capital Group and Janney Montgomery Scott LLC investing vast amounts. Eaton recently completed its first clean energy project in Puerto Rico and acquired Exertherm, showing record Q4 2023 results and strong backlog growth. The company also rewarded shareholders with a 9% Dividend Increase. Raymond James has rated them 'Outperform', highlighting Eaton's expansion on its growth trajectory.
