FMR LLC & Abigail Johnson Disclose 5.055% Stake in Eaton Corp plc

TL;DR

**FMR LLC just revealed a 5.055% stake in Eaton Corp, a bullish signal from a major player.**

AI Summary

FMR LLC, a major investment management firm, and its principal owner, Abigail P. Johnson, have disclosed a 5.055% beneficial ownership stake in Eaton Corp plc, totaling 20,187,834 shares of common stock. This filing, dated February 9, 2024, indicates that FMR LLC holds sole voting power over 18,611,149 shares and shared voting power over none, while Abigail P. Johnson holds no sole voting power but shared voting power over all 20,187,834 shares. This matters to investors because it signals a significant institutional investor's confidence in Eaton Corp plc, potentially attracting more investment and stabilizing the stock price.

Why It Matters

A large institutional investment from FMR LLC and Abigail P. Johnson can be seen as a vote of confidence in Eaton Corp plc, potentially boosting investor sentiment and stock stability.

Risk Assessment

Risk Level: low — This filing indicates a significant institutional investment, which generally reduces risk by showing confidence in the company.

Analyst Insight

A smart investor would view this as a positive signal, potentially indicating a stable long-term investment. It might be worth researching Eaton Corp plc further, especially its fundamentals, to understand why a major firm like FMR LLC has taken such a significant position.

Key Numbers

• 20,187,834 — Total shares beneficially owned (Represents the combined stake of FMR LLC and Abigail P. Johnson in Eaton Corp plc.)
• 5.055% — Percent of class beneficially owned (Indicates the significant ownership percentage held by FMR LLC and Abigail P. Johnson.)
• 18,611,149 — Shares with sole voting power (FMR LLC) (Shows the number of shares FMR LLC can vote independently.)
• 20240209 — Filed as of date (The date this ownership stake was officially reported to the SEC.)

Key Players & Entities

• FMR LLC (company) — reporting person and parent holding company
• Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
• Eaton Corp plc (company) — issuer of the common stock
• 06 Technology (company) — organization name associated with Eaton Corp plc

Forward-Looking Statements

• Eaton Corp plc's stock price may experience a slight positive bump due to increased institutional investor confidence. (Eaton Corp plc) — medium confidence, target: Within 1-3 months
• FMR LLC will maintain or slightly increase its stake in Eaton Corp plc, given its current significant position. (FMR LLC) — medium confidence, target: Within 6-12 months

FAQ

From the Filing

0000315066-24-001161.txt : 20240209 0000315066-24-001161.hdr.sgml : 20240209 20240209090302 ACCESSION NUMBER: 0000315066-24-001161 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 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 SEC ACT: 1934 Act SEC FILE NUMBER: 005-87173 FILM NUMBER: 24611597 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: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G 1 filing.txt SCHEDULE 13G Amendment No.0 EATON CORP PLC COMMON STOCK Cusip #G29183103 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) Cusip #G29183103 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 18,611,149 Item 6: 0 Item 7: 20,187,834 Item 8: 0 Item 9: 20,187,834 Item 11: 5.055% Item 12: HC Cusip #G29183103 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 20,187,834 Item 8: 0 Item 9: 20,187,834 Item 11: 5.055% Item 12: IN Item 1(a). Name of Issuer: EATON CORP PLC Item 1(b). Address of Issuer's Principal Executive Offices: 30 PEMBROKE ROAD, EATON HOUSE DUBLIN, DUBLIN 4 Ireland Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: G29183103 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 20,187,834 (b) Percent of Class: 5.055% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 20,187,834 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of EATON CORP PLC. No one other person's interest in the COMMON STOCK of EATON CORP PLC is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By