Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Growth & Income Fund” Q2 2023 investor letter. A copy of the same can be downloaded here. The S&P Index closed the quarter with a gain of 8.7%, which made the first half of the year’s return rose 16%. These gains suggest steady growth, but the reality is much more mixed. Macroeconomic fears still exist in the market. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
Carillon Eagle Growth & Income Fund highlighted stocks like Eaton Corporation plc (NYSE:ETN) in the second quarter 2023 investor letter. Headquartered in Dublin, Ireland, Eaton Corporation plc (NYSE:ETN) is a power management company. On September 11, 2023, Eaton Corporation plc (NYSE:ETN) stock closed at $238.04 per share. One-month return of Eaton Corporation plc (NYSE:ETN) was 9.22%, and its shares gained 67.03% of their value over the last 52 weeks. Eaton Corporation plc (NYSE:ETN) has a market capitalization of $94.978 billion.
Carillon Eagle Growth & Income Fund made the following comment about Eaton Corporation plc (NYSE:ETN) in its Q2 2023 investor letter:
“Eaton Corporation plc (NYSE:ETN) benefited from higher expectations for the gains that it may realize from the multi-industry build-out of accelerated computing capabilities.”
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Eaton Corporation plc (NYSE:ETN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 51 hedge fund portfolios held Eaton Corporation plc (NYSE:ETN) at the end of second quarter which was 55 in the previous quarter.
We discussed Eaton Corporation plc (NYSE:ETN) in another article and shared the list of best electrical equipment stocks to buy. In addition, please check out our hedge fund investor letters Q2 2023 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.