BlackRock Updates Eaton Corp plc Stake as of Dec 31, 2023

TL;DR

**BlackRock still owns a big chunk of Eaton Corp plc, showing continued institutional interest.**

AI Summary

BlackRock Inc. has filed an Amendment No. 11 to its SC 13G filing for Eaton Corp plc, indicating its ownership stake as of December 31, 2023. This update shows BlackRock continues to be a significant institutional holder of Eaton Corp plc's Common Stock. For investors, this means a major institutional player maintains confidence in Eaton, which can be a positive signal, but also highlights that a large portion of the stock is held by passive funds, potentially impacting liquidity and price movements.

Why It Matters

This filing confirms BlackRock's continued substantial ownership in Eaton Corp plc, signaling institutional confidence and potentially influencing market perception and stability for current and prospective shareholders.

Risk Assessment

Risk Level: low — This is a routine update from a major institutional investor, indicating no immediate significant risk or change in investment strategy.

Analyst Insight

Investors should note that BlackRock's continued presence as a major shareholder suggests stability, but this filing alone doesn't provide new insights into Eaton's operational performance or future prospects. It's a routine disclosure of a passive investment position.

Key Players & Entities

• BlackRock Inc. (company) — the reporting person and institutional investor
• Eaton Corp plc (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• Amendment No. 11 (number) — the specific amendment number to the Schedule 13G

Forward-Looking Statements

• BlackRock will likely maintain a significant stake in Eaton Corp plc throughout 2024. (BlackRock Inc.) — high confidence, target: December 31, 2024

FAQ

From the Filing

0001086364-24-006243.txt : 20240202 0001086364-24-006243.hdr.sgml : 20240202 20240202141806 ACCESSION NUMBER: 0001086364-24-006243 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240202 DATE AS OF CHANGE: 20240202 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Eaton Corp plc CENTRAL INDEX KEY: 0001551182 STANDARD INDUSTRIAL CLASSIFICATION: MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT [3590] ORGANIZATION NAME: 06 Technology IRS NUMBER: 981059235 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-87173 FILM NUMBER: 24590233 BUSINESS ADDRESS: STREET 1: 30 PEMBROKE ROAD STREET 2: EATON HOUSE CITY: DUBLIN STATE: L2 ZIP: DUBLIN 4 BUSINESS PHONE: 353 1637 2900 MAIL ADDRESS: STREET 1: 30 PEMBROKE ROAD STREET 2: EATON HOUSE CITY: DUBLIN STATE: L2 ZIP: DUBLIN 4 FORMER COMPANY: FORMER CONFORMED NAME: Eaton Corp Ltd DATE OF NAME CHANGE: 20120530 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 ie00b8kqn827_020224.txt ie00b8kqn827_020224.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 11) Eaton Corp plc -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) B8KQN82 -------------------------------------------------------- (SEDOL Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SEDOL No. B8KQN82 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 24507750 (6) Shared voting power 0 (7) Sole dispositive power 27300838 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 27300838 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.8% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- Eaton Corp plc Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- EATON HOUSE, 30 PEMBROKE ROAD DUBLIN 4 Ireland D04 Y0C2 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackR