Eaton Corporation, PLC (NYSE:ETN – Get Free Report) announced a quarterly dividend on Tuesday, October 27th. Investors of record on Tuesday, November 10th will be paid a dividend of $1.10 per share by the industrial products company on Friday, November 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, November 10th.
Eaton has increased its dividend payment by an average of 0.1% per year over the last three years. Eaton has a payout ratio of 36.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Eaton to earn $16.11 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 27.3%.
Eaton Trading Up 3.2%
ETN opened at $383.78 on Wednesday. The stock has a market capitalization of $149.06 billion, a P/E ratio of 39.04 and a beta of 1.13. Eaton has a 12 month low of $311.92 and a 12 month high of $478.00. The firm’s fifty day simple moving average is $413.39 and its 200 day simple moving average is $395.18.
Eaton (NYSE:ETN – Get Free Report) last released its earnings results on Friday, July 31st. The industrial products company reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.07. The firm had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. During the same quarter last year, the company posted $2.95 EPS. Eaton’s revenue for the quarter was up 21.4% on a year-over-year basis. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. On average, equities research analysts predict that Eaton will post 13.59 EPS for the current fiscal year.
Insider Buying and Selling at Eaton
In related news, Director Gerald Johnson acquired 130 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was bought at an average price of $455.90 per share, with a total value of $59,267.00. Following the acquisition, the director owned 1,829 shares in the company, valued at $833,841.10. This represents a 7.65% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam A. Wadecki sold 525 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $440.54, for a total transaction of $231,283.50. Following the transaction, the insider owned 1,054 shares in the company, valued at approximately $464,329.16. The trade was a 33.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.10% of the company’s stock.
Institutional Trading of Eaton
A number of large investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its position in shares of Eaton by 87.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 282,750 shares of the industrial products company’s stock valued at $121,501,000 after buying an additional 131,624 shares during the last quarter. Sustainable Growth Advisers LP bought a new position in shares of Eaton during the third quarter worth about $85,752,000. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Eaton by 5.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 69,297 shares of the industrial products company’s stock worth $29,529,000 after acquiring an additional 3,638 shares during the period. Wedmont Private Capital lifted its stake in shares of Eaton by 69.6% in the third quarter. Wedmont Private Capital now owns 11,413 shares of the industrial products company’s stock worth $4,845,000 after acquiring an additional 4,684 shares during the period. Finally, QRG Capital Management Inc. boosted its holdings in Eaton by 11.7% in the second quarter. QRG Capital Management Inc. now owns 90,731 shares of the industrial products company’s stock valued at $38,662,000 after acquiring an additional 9,491 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.
About Eaton
Eaton Corporation plc is a global intelligent power management company that helps businesses, utilities, data centers, manufacturers and other organizations manage electrical, hydraulic and mechanical power more safely, efficiently and reliably. Its solutions support applications ranging from power distribution and backup systems to industrial automation, building infrastructure and transportation.
The company’s Electrical segment provides products and systems such as circuit breakers, switchgear, power distribution equipment, surge protection, energy management software and data center power solutions.
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