Congress Asset Management Reduces Eaton Corporation Stake

Institutional investor sells over 11,000 shares of industrial products company

Mar. 24, 2026 at 8:37am

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Congress Asset Management Co. lowered its holdings in Eaton Corporation, PLC (NYSE:ETN) by 2.2% in the fourth quarter, according to the company's latest 13F filing with the Securities & Exchange Commission. The firm owned 508,130 shares of the industrial products company's stock after selling 11,540 shares during the period, accounting for 1.1% of its investment portfolio.

Why it matters

Eaton is a major industrial conglomerate with a diverse portfolio of electrical, hydraulic, and aerospace products. Changes in ownership by large institutional investors can signal broader market sentiment around the company's performance and outlook.

The details

Congress Asset Management reduced its position in Eaton by selling 11,540 shares in the fourth quarter. The firm now owns 508,130 shares, or about 0.13% of Eaton's outstanding stock, valued at $161.8 million as of the most recent filing. Several other large investors have also recently adjusted their stakes in Eaton, with some increasing and others decreasing their positions.

  • Congress Asset Management filed its 13F for the fourth quarter on March 24, 2026.

The players

Congress Asset Management Co.

A Boston-based institutional investment management firm that oversees over $20 billion in assets.

Eaton Corporation, PLC

A diversified power management company that designs, manufactures, and distributes electrical, hydraulic, and aerospace systems and components.

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The takeaway

This filing indicates that one major institutional investor has reduced its stake in Eaton, though the company remains a significant holding in Congress Asset Management's portfolio. Shifts in ownership by large funds can provide insights into broader market sentiment around Eaton's performance and outlook.