Stamos Capital and Sagespring boost stakes in Eaton Co., despite a "hold" rating and modest earnings beat.

Stamos Capital Partners and Sagespring Wealth Partners have significantly increased their stakes in Eaton Co. plc, with Stamos boosting its holdings by 179.3% and Sagespring acquiring nearly 20,000 shares. Eaton recently reported earnings per share of $2.83, beating estimates by $0.01. Despite a downgrade by Melius to a "hold" rating, Eaton has an overall "Moderate Buy" consensus rating with a target price of $355.06.