Eaton Corporation, PLC (NYSE:ETN) Shareholders Set to Receive $1.10 Quarterly Dividend

Eaton Corporation, PLC (NYSE:ETN) declared a quarterly dividend on Tuesday, October 27th. Shareholders of record on Tuesday, November 10th will be given 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 yield of 1.1%. The ex-dividend date of this dividend is Tuesday, November 10th.

Eaton has increased its dividend 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. Research 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%

Shares of Eaton stock opened at $383.78 on Wednesday. The firm has a market capitalization of $149.06 billion, a P/E ratio of 39.04 and a beta of 1.13. The business has a fifty day simple moving average of $413.39 and a two-hundred day simple moving average of $395.18. Eaton has a 12 month low of $311.92 and a 12 month high of $478.00.

Eaton (NYSE:ETN) last announced its earnings results on Friday, July 31st. The industrial products company reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.07. The business had revenue of $8.53 billion for the quarter, compared to the consensus estimate of $8.16 billion. The business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.95 EPS. Eaton has set its Q3 2026 guidance at 3.460-3.560 EPS and its FY 2026 guidance at 13.400-13.600 EPS. Analysts predict that Eaton will post 13.59 earnings per share for the current year.

Insider Activity at Eaton

In other news, Director Gerald Johnson purchased 130 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was acquired at an average cost of $455.90 per share, for a total transaction of $59,267.00. Following the purchase, the director directly owned 1,829 shares in the company, valued at $833,841.10. This trade represents a 7.65% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Heath B. Monesmith sold 18,036 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $458.04, for a total transaction of $8,261,209.44. Following the sale, the insider directly owned 50,368 shares of the company’s stock, valued at approximately $23,070,558.72. The trade was a 26.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently 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. Wellington Management Group LLP raised its position in shares of Eaton by 19.6% during the second quarter. Wellington Management Group LLP now owns 6,827,266 shares of the industrial products company’s stock valued at $2,909,235,000 after buying an additional 1,120,567 shares during the last quarter. National Pension Service grew its stake in Eaton by 3.5% during the second quarter. National Pension Service now owns 864,731 shares of the industrial products company’s stock valued at $368,479,000 after acquiring an additional 29,436 shares in the last quarter. AMF Tjanstepension AB grew its stake in Eaton by 1.4% during the third quarter. AMF Tjanstepension AB now owns 364,814 shares of the industrial products company’s stock valued at $156,764,000 after acquiring an additional 5,168 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its stake in Eaton by 112.6% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 336,060 shares of the industrial products company’s stock valued at $120,199,000 after acquiring an additional 178,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in 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 acquiring an additional 131,624 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

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.