Eaton Corporation Plcs (ETN) reported a record quarter 4, 2024 earnings per share (EPS) and a substantial growth in backlog. Institutional investors remain optimistic despite a
$17b market cap drop following concerns over DeepSeek AI's model regarding data center and chip demand which contributed to a
16% drop in stock. Numerous investors like
R Squared Ltd, Ibex Wealth Advisors, and UMB Bank made new investments while others like Asset Dedication LLC and Enzi Wealth sold their shares.
Bank of America reaffirms a Buy operation on Eaton with an impressive $410 target, noting the company's AI growth potential. However, analysts are concerned about slowing growth in 2025. Eaton has a strong institutional ownership of 84%, highlighting the trust large-scale investors place in the company.
UBS analyst predicted a strong future for Eaton, driven by AI and Data Center expansion. Eaton's shares have been fluctuating, attracting investor attention as many see it as a profitable large cap stock to invest in. Nevertheless, JPMorgan Chase & Co strategically reduced its holdings in Eaton implying potential hesitancy.
Eaton Corporation Plcs ETN News Analytics from Tue, 30 Apr 2024 07:00:00 GMT to Sat, 01 Feb 2025 13:06:22 GMT -
Rating 0
- Innovation 6
- Information 7
- Rumor -2
