Eaton Corporation, PLC (NYSE:ETN) Announces Quarterly Dividend of $1.10

Eaton Corporation, PLC (NYSE:ETN) declared a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Friday, August 7th will be given a dividend of 1.10 per share by the industrial products company on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, August 7th.

Eaton has raised its dividend by an average of 0.1%annually over the last three years. Eaton has a payout ratio of 36.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Eaton to earn $15.71 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 28.0%.

Eaton Trading Up 1.1%

ETN stock opened at $407.47 on Thursday. The company has a market capitalization of $158.22 billion, a PE ratio of 39.83, a P/E/G ratio of 2.59 and a beta of 1.18. Eaton has a 12 month low of $311.92 and a 12 month high of $436.74. The firm’s 50-day moving average is $403.79 and its 200 day moving average is $382.08. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.19 and a quick ratio of 0.75.

Eaton (NYSE:ETN) last released its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $0.08. The company had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $7.14 billion. Eaton had a net margin of 13.99% and a return on equity of 24.72%. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.72 EPS. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. On average, research analysts anticipate that Eaton will post 13.35 EPS for the current year.

Insiders Place Their Bets

In other news, Director Dorothy C. Thompson sold 167 shares of Eaton stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $385.00, for a total value of $64,295.00. Following the transaction, the director owned 1,096 shares of the company’s stock, valued at $421,960. The trade was a 13.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Peter Denk sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $417.94, for a total transaction of $835,880.00. Following the completion of the sale, the insider owned 7,102 shares of the company’s stock, valued at approximately $2,968,209.88. This trade represents a 21.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 21,028 shares of company stock worth $8,614,793. Insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Eaton

Several institutional investors have recently added to or reduced their stakes in the business. North Star Investment Management Corp. boosted its holdings in Eaton by 0.3% in the first quarter. North Star Investment Management Corp. now owns 8,101 shares of the industrial products company’s stock valued at $2,897,000 after acquiring an additional 28 shares during the last quarter. Bogart Wealth LLC increased its position in Eaton by 1.3% during the 1st quarter. Bogart Wealth LLC now owns 2,184 shares of the industrial products company’s stock worth $781,000 after purchasing an additional 29 shares in the last quarter. Pring Turner Capital Group Inc. increased its position in Eaton by 0.3% during the 4th quarter. Pring Turner Capital Group Inc. now owns 10,528 shares of the industrial products company’s stock worth $3,353,000 after purchasing an additional 30 shares in the last quarter. Ellevest Inc. raised its stake in shares of Eaton by 2.5% in the 4th quarter. Ellevest Inc. now owns 1,281 shares of the industrial products company’s stock valued at $408,000 after acquiring an additional 31 shares during the period. Finally, Douglass Winthrop Advisors LLC raised its position in Eaton by 1.2% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 2,613 shares of the industrial products company’s stock valued at $832,000 after purchasing an additional 31 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

About Eaton

Eaton (NYSE: ETN) is a diversified power management company that designs, manufactures and distributes products and systems to manage electrical, hydraulic and mechanical power. The company’s offerings are used to improve energy efficiency, reliability and safety across a wide range of applications, with core capabilities in electrical distribution and control, industrial hydraulics and aerospace systems.

Its product portfolio includes switchgear, circuit breakers, transformers, power distribution units, uninterruptible power supplies and surge protection devices for electrical infrastructure, along with hydraulic pumps, valves and filtration systems for industrial and mobile equipment.