Eaton Corporation, PLC (ETN) To Go Ex-Dividend on August 7th

Eaton Corporation, PLC (NYSE:ETN) announced a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Friday, August 7th will be paid 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 yield of 1.1%. The ex-dividend date is Friday, August 7th.

Eaton has increased its dividend payment by an average of 0.1%per year over the last three years. Eaton has a dividend payout ratio of 36.9% indicating that 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 Price Performance

NYSE:ETN opened at $415.24 on Friday. The firm has a market capitalization of $161.24 billion, a price-to-earnings ratio of 40.59, a PEG ratio of 2.61 and a beta of 1.18. Eaton has a 1 year low of $311.92 and a 1 year high of $436.74. The business has a 50 day simple moving average of $403.93 and a 200-day simple moving average of $382.70. 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 earnings results on Tuesday, May 5th. The industrial products company reported $2.81 earnings per share for the quarter, beating the consensus estimate of $2.73 by $0.08. The firm had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $7.14 billion. Eaton had a return on equity of 24.72% and a net margin of 13.99%.The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. Equities analysts forecast that Eaton will post 13.35 EPS for the current year.

Insider Buying and Selling

In related news, Director Gerald Johnson bought 746 shares of Eaton stock in a transaction dated Friday, May 8th. The shares were acquired at an average cost of $402.29 per share, with a total value of $300,108.34. Following the completion of the transaction, the director owned 1,414 shares in the company, valued at $568,838.06. The trade was a 111.68% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Heath B. Monesmith sold 18,367 shares of Eaton stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $409.11, for a total transaction of $7,514,123.37. Following the sale, the insider directly owned 49,822 shares of the company’s stock, valued at $20,382,678.42. This represents a 26.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 21,028 shares of company stock worth $8,614,793 over the last ninety days. 0.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Eaton

A number of institutional investors and hedge funds have recently bought and sold shares of ETN. North Star Investment Management Corp. raised its stake in shares of Eaton by 0.3% in the 1st 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 period. Bogart Wealth LLC boosted its position in shares of Eaton by 1.3% during the first quarter. Bogart Wealth LLC now owns 2,184 shares of the industrial products company’s stock worth $781,000 after buying an additional 29 shares during the period. Pring Turner Capital Group Inc. increased its stake in Eaton by 0.3% during the fourth 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 during the period. Ellevest Inc. grew its holdings in shares of Eaton by 2.5% in the fourth quarter. Ellevest Inc. now owns 1,281 shares of the industrial products company’s stock valued at $408,000 after purchasing an additional 31 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC lifted its holdings in Eaton by 1.2% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 2,613 shares of the industrial products company’s stock worth $832,000 after buying an additional 31 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

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.