Eaton Corporation plc (NYSE: ETN) is a global power management company serving electrical, aerospace, vehicle, and industrial end markets. Shares recently traded around $331.98 per share, giving Eaton a market capitalization of roughly $128.9B.
Eaton is widely viewed as a high quality industrial business, supported by strong margins, consistent earnings growth, and long term exposure to electrification and energy efficiency trends. Looking at who owns Eaton and recent insider activity helps show how large investors are approaching the stock today.
Who Are Eaton’s Largest Shareholders?
Eaton’s shareholder base is led by large, long term institutional investors. These firms tend to hold through market cycles, which can help keep ownership stable. Active managers have adjusted positions in both directions, suggesting a mix of confidence and valuation sensitivity.
- The Vanguard Group, Inc.: 37,504,192 shares (9.66%), ~$12.45B value. Cut 10,009 shares (0.03%).
- BlackRock Institutional Trust Company, N.A.: 17,993,915 shares (4.63%), ~$5.97B value. Added 107,259 shares (+0.60%).
- State Street Investment Management (US): 16,944,554 shares (4.36%), ~$5.63B value. Added 105,144 shares (+0.62%).
- J.P. Morgan Asset Management: 12,020,381 shares (3.09%), ~$3.99B value. Cut 3,809,897 shares (24.07%).
- Fidelity Management & Research Company LLC: 10,899,879 shares (2.81%), ~$3.62B value. Added 354,986 shares (+3.37%).
- Geode Capital Management, L.L.C.: 8,607,898 shares (2.22%), ~$2.86B value. Added 47,393 shares (+0.55%).
- Morgan Stanley Smith Barney LLC: 8,559,734 shares (2.20%), ~$2.84B value. Added 137,789 shares (+1.64%).
- BofA Global Research (US): 6,801,502 shares (1.75%), ~$2.26B value. Cut 162,678 shares (2.34%).
- MFS Investment Management: 6,790,188 shares (1.75%), ~$2.25B value. Cut 820,903 shares (10.79%).
- Managed Account Advisors LLC: 5,758,575 shares (1.48%), ~$1.91B value. Cut 401,984 shares (6.53%).
- Coatue Management, L.L.C.: 4,794,777 shares (1.23%), ~$1.59B value. Added 106,997 shares (+2.28%).
Vanguard, BlackRock, and State Street continue to anchor Eaton’s ownership, while trimming from some active managers suggests selective rebalancing after strong share price performance, and for investors this points to a stable institutional base with mixed views on near term valuation.
Hedge Fund Highlights
One notable move last quarter came from Alyeska Investment Group, founded by Anand Parekh, which increased its Eaton position by 474%. The firm now holds roughly $138M worth of shares. The scale of the increase suggests it may be leaning more positively on Eaton’s long term earnings durability and electrification exposure, though the position remains modest relative to Alyeska’s overall portfolio.
Another increase came from Sequoia Financial Advisors, which raised its Eaton stake by 42% to about $57M. The move appears incremental, but it may reflect improving confidence in Eaton’s margin profile and forward earnings visibility.
Ensign Peak Advisors, the investment firm associated with The Church of Jesus Christ of Latter-day Saints, increased its position by nearly 15%, now holding roughly $39M in Eaton shares. The steady accumulation suggests continued interest rather than short term positioning.
Finally, Adage Capital Partners, led by Robert Atchinson and Phillip Gross, boosted its Eaton position by about 15% to approximately $119M, which may indicate continued conviction in Eaton as a long term, high quality industrial holding, and for investors this highlights selective hedge fund accumulation rather than crowded positioning.
Track the top shareholders of over 50,000 global stocks (It’s free) >>>
Eaton’s Recent Insider Activity
Insider trades can offer useful context on how executives and directors may be managing personal exposure. Recent filings for Eaton show small, mixed transactions.
- Gerald Johnson (Director): Bought 200 shares at ~$339.89 and 100 shares at ~$384.34.
- Kaled Awada (Director): Bought 8,825 shares across multiple transactions.
- Adam A. Wadecki (Officer): Sold 296 shares at ~$376.19.
- Michael Yelton (Officer): Sold 819 shares at ~$369.68.
- Olivier C. Leonetti (Officer): Sold and acquired shares across prices ranging from ~$287 to ~$358.
These transactions represent a very small fraction of Eaton’s roughly 388.4M shares outstanding, and it appears insider activity is mixed and modest in size, which for investors does not materially change the broader ownership picture.
See recent insider trade data for over 50,000 global stocks (It’s free) >>>
What the Ownership & Insider Trade Data Tell Us
Eaton’s shareholder base remains anchored by large, long term institutions, which helps support stability in ownership and reduces sensitivity to short term market swings. Hedge fund activity appears selective rather than aggressive, with some managers adding exposure while others trim, suggesting differing views on valuation rather than a broad shift in confidence. Insider trades look measured and mixed in size, and it appears these transactions reflect individual exposure management rather than a clear directional signal.
For investors, this ownership pattern suggests Eaton is being treated as a mature, high quality industrial business rather than a near term momentum trade. The presence of steady institutional holders provides a supportive base, while the absence of strong insider buying or selling implies expectations are largely reflected in the current share price. Going forward, returns are likely to depend more on execution, earnings growth, and cash flow delivery than changes in ownership behavior.
Value Any Stock in Under 60 Seconds (It’s Free)
With TIKR’s new Valuation Model tool, you can estimate a stock’s potential share price in under a minute.
All it takes is three simple inputs:
- Revenue Growth
- Operating Margins
- Exit P/E Multiple
From there, TIKR calculates the potential share price and total returns under Bull, Base, and Bear scenarios so you can quickly see whether a stock looks undervalued or overvalued.
If you’re not sure what to enter, TIKR automatically fills in each input using analysts’ consensus estimates, giving you a quick, reliable starting point.
See a stock’s true value in under 60 seconds (Free with TIKR) >>>
