5 Best Infrastructure Stocks To Buy Now

2. Eaton Corporation plc (NYSE:ETN)

Number of Hedge Fund Holders: 39

Eaton Corporation plc (NYSE:ETN) is one of the premier infrastructure stocks to invest in. It operates as a power management company worldwide, providing electrical components, industrial components, power distribution and assemblies, and residential products, among others. On October 25, Eaton Corporation plc (NYSE:ETN) declared a quarterly dividend of $0.81 per share, in line with previous. The dividend is distributable on November 30, to shareholders of record on November 10. For the fourth quarter of 2022, the company expects organic growth of 13% to 15% and adjusted earnings per share between $2.00 and $2.10, versus a $2.06 consensus. 

On October 13, investment advisory Deutsche Bank maintained a Buy recommendation on Eaton Corporation plc (NYSE:ETN) but lowered the firm’s price target on the shares to $160 from $174. Analyst Nicole Deblase issued the ratings update. 

According to Insider Monkey’s data, 39 hedge funds were bullish on Eaton Corporation plc (NYSE:ETN) at the end of Q2 2022, compared to 42 funds in the last quarter. Ken Griffin’s Citadel Investment Group is the biggest stakeholder of the company, with 1.6 million shares worth $205 million.  

Here is what ClearBridge Investments Sustainability Leaders Strategy has to say about Eaton Corporation plc (NYSE:ETN) in its Q1 2022 investor letter:

“We also added to Eaton (NYSE:ETN), a market leader in the electrical equipment industry and a position begun late in 2021. Eaton’s products enable the electrification of the power grid and, importantly, EV charging infrastructure. Share prices should benefit as EVs grow and investments increase to improve grid efficiency and resilience.”

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