5 Best Industrial Machinery Stocks to Invest in

2. Eaton Corporation plc (NYSE:ETN)

Number of Hedge Fund Investors In Q4 2023: 63

Eaton Corporation plc (NYSE:ETN) is an Ireland based company that makes and sells a variety of industrial machinery and products such as pumps, motors, and aircraft flaps. Its investors were in for some great news in February 2024, when Eaton Corporation plc (NYSE:ETN) increased its dividend to 94 cents for a 9% increase.

Insider Monkey scoured through 933 hedge fund portfolios for their final quarter of 2023 shareholdings to discover that 63 had bought a stake in the company. Eaton Corporation plc (NYSE:ETN)’s largest stakeholder among these was Philippe Laffont’s Coatue Management through its $960 million investment.

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