Buy Or Sell Opportunity • Jul 20
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 2.0% to €352. The fair value is estimated to be €288, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Aankondiging • Jul 13
Eaton Corporation plc to Report Q2, 2026 Results on Jul 31, 2026 Eaton Corporation plc announced that they will report Q2, 2026 results Pre-Market on Jul 31, 2026 Aankondiging • Jul 08
Eaton Announces Executive Changes, Effective July 6, 2026 Eaton had appointed Dan T. Simpson as president, Global Energy Infrastructure Solutions (GEIS), effective July 6, 2026. In this role, Simpson would be responsible for leading Eaton’s global GEIS business. Simpson succeeded Matt Hockman, who recently moved into the role of president, Assemblies and Residential Solutions, Electrical Sector. Simpson joined Eaton from The Shaw Group, where he served as CEO. Previously, he spent over a decade with Siemens Energy and Dresser-Rand, where he held several senior leadership roles across operations, global solutions and program management. Prior to joining Dresser-Rand in 2010, Simpson was director, Operations and Service, Honeywell International, overseeing all Asia Pacific projects and service delivery. In his early career, he spent eight years in the downstream oil and gas engineering and construction industry with Kellogg Brown & Root. Simpson had a bachelor’s degree in Construction Science from Texas A&M University. Aankondiging • May 06
Eaton Corporation plc Provides Earnings Guidance for the Second Quarter Ending June 30, 2026 and for Full Year Ending December 31, 2026 Eaton Corporation plc provided earnings guidance for the second quarter ending June 30, 2026 and for full year ending December 31, 2026. For the quarter, the company expects Net income per share attributable to Eaton ordinary shareholders - diluted to be between $2.29 and $2.39
For the full year, the company expects Net income per share attributable to Eaton ordinary shareholders - diluted to be between $10.88 and $11.33. Aankondiging • Apr 23
Eaton Declares Quarterly Dividend, Payable May 29, 2026 The Board of Directors of Eaton declared a quarterly dividend of $1.10 per ordinary share. The dividend is payable May 29, 2026, to shareholders of record at the close of business on May 8, 2026. Aankondiging • Apr 21
Eaton Corporation plc to Report Q1, 2026 Results on May 05, 2026 Eaton Corporation plc announced that they will report Q1, 2026 results Pre-Market on May 05, 2026 Aankondiging • Mar 16
Eaton Corporation plc, Annual General Meeting, Apr 22, 2026 Eaton Corporation plc, Annual General Meeting, Apr 22, 2026. Location: eaton house, 30 pembroke road, dublin 4, d04 y0c2, ireland Ireland Aankondiging • Mar 13
Eaton Corporation plc (NYSE:ETN) completed the acquisition of Thermal Business of LTI Holdings Inc. Eaton Corporation plc (NYSE:ETN) signed a definitive agreement to acquire Thermal Business of LTI Holdings Inc. for $9.5 billion on November 2, 2025. The transaction is subject to customary closing conditions, including the receipt of required regulatory approvals. As per the transaction, Eaton Corporation plc obtain a senior unsecured delayed draw term loan facility in an amount of up to $8 billion on the terms set forth in this Agreement, (ii) increase the aggregate committed amounts under the existing revolving credit agreement from $3 billion to $4 billion (the “revolving credit facility increase”), (iii) pay the acquisition consideration and (iv) pay the fees, costs and expenses incurred in connection with the foregoing. The transaction is expected to close in the second quarter of 2026.
Goldman Sachs & Co. LLC acted as lead financial advisor and J.P. Morgan Securities LLC served financial advisor to Boyd Corporation and affiliates of Goldman Sachs. Davis Polk & Wardwell LLP is acting as legal advisor to Boyd. Jefferies LLC acted as financial advisor to Eaton Corporation plc. Dotun Obadina, Daniel Gerkin Laura Turano, Bonnie Chen, Christopher Gonnella, Christopher Wilson, Brian Krause, Peter Fisch Paul, and Stefanie Gitler of Weiss, Rifkind, Wharton & Garrison LLP acted as a advisor to Eaton.
Eaton Corporation plc (NYSE:ETN) completed the acquisition of Thermal Business of LTI Holdings Inc. on March 12, 2026. As per the transaction, Doug Britt, chief executive officer, Boyd Corporation and its team will join Eaton Corporation plc. Eaton expects Boyd Thermal to be accretive to adjusted earnings in year two after closing. Boyd Thermal will be reported within the Electrical Global business segment. Aankondiging • Feb 27
Eaton Corporation plc Declares Quarterly Dividend, Payable on March 27, 2026 The Board of Directors of Eaton Corporation plc declared a quarterly dividend of $1.10 per ordinary share, an increase of 6% over its last quarterly dividend. The dividend is payable March 27, 2026, to shareholders of record at the close of business on March 10, 2026. Aankondiging • Feb 05
Eaton Corporation plc Provides Earnings Guidance for the First Quarter and Full Year of 2026 Eaton Corporation plc provided earnings guidance for the first quarter and full year of 2026. For the quarter, the company expects Organic growth of 5% to 7% and Earnings per share between $2.29 and $2.49.
For the full year 2026, the company anticipates Organic growth of 7% to 9% and Earnings per share between $11.57 and $12.07. Aankondiging • Jan 24
Eaton Corporation plc (NYSE:ETN) completed the acquisition of Ultra PCS Limited from Cobham Ultra Us Coborrower Llc. Eaton Corporation plc (NYSE:ETN) signed an agreement to acquire Ultra PCS Limited from Cobham Ultra Us Coborrower Llc for $1.6 billion on June 16, 2025. A cash consideration of $1.55 billion will be paid by Eaton Corporation plc. As part of consideration, $1.55 billion is paid towards common equity of Ultra PCS Limited.
The transaction is subject to customary closing conditions and regulatory approvals, is expected to close in the first half of 2026.
Phil Cheveley, Catherine J. Dargan, Andrew (Drew) Fischer, Guy Dingley, Ansgar A. Simon, Antonio Michaelides, Megan E. Woodford, Anne Y. Lee, Christian Ahlborn, Ross A. Demain, Melissa Van Schoorisse and Ross Evans of Covington & Burling Llp acted as legal advisor to Eaton Corporation plc. Barry Fishley, Brianne Kucerik, Hayley Lund, Jakub Wronski, John O'Loughlin, Lewis Blakey, Nafees Saeed, Oliver Walker, Timothy C. Welch, James Crook, Laura Murray, Rob Meyer, Eithne Bloice-Sanders, Chris Thomas, Matthew Gibbon, Chloe Kite and Mark Taylor of Weil, Gotshal & Manges (London) LLP acted as legal advisor to Cobham Ultra U.S. Co-Borrower LLC. J.P. Morgan Securities LLC acted as financial advisor to Advent International, ultimate parent of Cobham Limited.
Eaton Corporation plc (NYSE:ETN) completed the acquisition of Ultra PCS Limited from Cobham Ultra Us Coborrower Llc on January 23, 2026. Aankondiging • Jan 20
Eaton Corporation plc to Report Q4, 2025 Results on Feb 03, 2026 Eaton Corporation plc announced that they will report Q4, 2025 results Pre-Market on Feb 03, 2026 Aankondiging • Nov 05
Eaton Corporation plc (NYSE:ETN) signed a definitive agreement to acquire Thermal Business of LTI Holdings Inc. for $9.5 billion. Eaton Corporation plc (NYSE:ETN) signed a definitive agreement to acquire Thermal Business of LTI Holdings Inc. for $9.5 billion on November 3, 2025. The transaction is subject to customary closing conditions, including the receipt of required regulatory approvals. The transaction is expected to close in the second quarter of 2026.Goldman Sachs & Co. LLC acted as lead financial advisor and J.P. Morgan Securities LLC served financial advisor to Boyd Corporation and affiliates of Goldman Sachs. Davis Polk & Wardwell LLP is acting as legal advisor to Boyd. Jefferies LLC acted as financial advisor to Eaton Corporation plc. Aankondiging • Nov 04
Eaton Corporation plc Provides Earnings Guidance for the Fourth Quarter and Full Year 2025 Eaton Corporation plc provided earnings guidance for the fourth quarter and full year 2025. For the quarter, the company expects Organic growth of 10%-12%. Earnings per share between $2.75 and $2.95.
For the year, the company expects Organic growth of 8.5% -9.5%. Earnings per share between $10.29 and $10.49. Aankondiging • Oct 22
Eaton Corporation plc Declares Quarterly Dividend, Payable on November 21, 2025 The Board of Directors of Eaton declared a quarterly dividend of $1.04 per ordinary share. The dividend is payable on November 21, 2025, to shareholders of record at the close of business on November 6, 2025. Eaton has paid dividends on its shares every year since 1923. Aankondiging • Oct 18
Eaton Corporation plc to Report Q3, 2025 Results on Nov 04, 2025 Eaton Corporation plc announced that they will report Q3, 2025 results Pre-Market on Nov 04, 2025 Aankondiging • Oct 14
Eaton Unveils Next-Generation Architecture to Advance 800 VDC Power Infrastructure for AI Factories Eaton announced the delivery of a new reference architecture designed to accelerate the adoption of 800 VDC power in artificial intelligence (AI) data centers. Eaton's new design, built in support of the 800 VDC architecture announced by NVIDIA, leverages Eaton's innovative power management technology to protect and optimize high-density computing infrastructure and serves as a critical milestone in Eaton's grid-to-chip strategy for meeting the increasing energy demands of AI data centers. Eaton's new reference architecture is a key milestone in its collaboration with NVIDIA to accelerate 800 VDC power infrastructure in AI factories. Data center energy load growth, driven by increasingly demanding AI workloads, continues to expand beyond the limits of existing data center capabilities. NVIDIA is working with leading power, silicon and data center partners to pioneer the adoption of 800 VDC and help unlock new levels of scalability and energy optimization in AI factories. These next-generation systems, which feature power distribution integrated with energy storage, are uniquely positioned to handle the power demands of modern AI factories, delivering megawatt-scale rack power safely, efficiently and with minimal material and infrastructure costs. Eaton's reference design incorporates Eaton solutions with NVIDIA AI infrastructure. Eaton products featured in the design include supercapacitors for fast-cycle power backup; power distribution technology through busbar included in the ORV3 design; a hot aisle containment system to support busway and cable trays within the application; DC connectors and more. Eaton will showcase its latest developments for the 800 VDC architecture in booth A15 at the Open Compute Project Global Summit, taking place October 13-16, 2025, in San Jose, California. Aankondiging • Oct 06
Eaton Appoints Kaled Awada Executive Vice President and Chief Human Resources Officer, Effective October 6, 2025 Eaton announced that Kaled Awada has been named executive vice president and chief human resources officer, effective October 6, 2025. In this role, Awada will be responsible for leading Eaton’s global end-to-end talent strategy, encompassing leadership and organizational development, compensation and benefits, and employee experience from talent acquisition to retention. He will report to Paulo Ruiz, chief executive officer, and will join the company’s executive leadership team. Awada joins Eaton from PG&E, where he served as executive vice president and chief people officer and led people strategy including talent acquisition, total rewards, labor relations, coworker growth and development, and change management. Previously, he held the role of executive vice president and chief human resources officer for Tenneco, one of the world’s leading producers of automotive products. Before Tenneco, Awada led the human resources functions at Aptiv across multiple global divisions. He also previously spent nearly a decade at Eaton, holding roles of increasing responsibility across electrical, industrial, corporate and regional HR teams. Awada holds a Bachelor of Arts degree in Psychology with an emphasis in Organizational Management from The Ohio State University and certifications from CHRO Association and the Center of Executive Compensation. Aankondiging • Sep 09
Eaton Delivers Edge-Based Innovation to Help Mitigate the Impact of AI Power Bursting on Both Data Centers and the Grid Eaton announced that it has achieved an industry-first solution for identifying large fluctuations in energy demanded by artificial intelligence (AI) computing infrastructure, known as AI power bursts. Eaton's new edge-based solution, available via a firmware update for its Eaton Power Xpert quality (PXQ) event analysis system, helps detect potential subsynchronousoscillations (SSO) in data centers, enabling operators to more effectively protect critical infrastructure and enhance resiliency as AI energy needs grow. The increasing power requirements of AI data centers have given rise to the phenomenon of power bursting - un unforeseen spikes in energy usage due to the intensive computation needs of GPU servers powering AI workloads. SSO can cause severe, costly damage to both data center infrastructure and the grid, which may not be equipped to handle these large load swings, making it essential for operators to identify and mitigate SSO bursts before they lead to costly outages due to transformer overheating, ferro resonant damage and other impacts to equipment. Eaton's PXQ is a versatile power quality meter for switchgear, switchboards and power distribution units (PDUs) that integrates sophisticated edge analytics to streamline the identification and resolution of power quality events such as sags, swells, transients and harmonics. Now, through a PXQ meter remote firmware upgrade, customers can leverage their system to reliably detect SSO and allow operators to take preventive actions to resolve issues before they cause lasting damage to data centers and the grid. Eaton's grid-to-chip strategy uses intelligent power distribution systems, backup power solutions, digital offers and other technologies to help operators optimize white and gray space in AI data centers. Other key milestones in this approach include Eaton's recent announcement of its collaboration with NVIDIA to help lead the transition to 800 VDC power infrastructure to support 1 megawatt racks and beyond, as well as its collaboration with Siemens Energy for a fast-track approach to build data centers with integrated onsite power. Eaton will be showcasing its grid-to-chip solutions at Yotta 2025, Sept. 8-10 in Las Vegas in booth #319. Additionally, Eaton experts JP Buzzell and Peter De Bock, vice president of energy and cooling, will present in sessions at the conference on opportunities to meet AI data center energy challenges in an evolving landscape. Aankondiging • Aug 29
Eaton and ChargePoint Holdings, Inc. Launch Breakthrough Ultrafast DC V2X Chargers and Power Infrastructure to Accelerate the Future of EV Charging Eaton, together with ChargePoint Holdings, Inc. announced an ultrafast charging architecture with end-to-end power infrastructure for public charging and fleets. ChargePoint Express grid, powered by Eaton, is a vehicle-to-everything (V2X) capable solution that delivers up to 600kW of power for passenger EVs and can provide megawatt charging for heavy-duty commercial applications. The innovative integration of ChargePoint's Express chargers with Eaton's end-to-end electrical solutions delivers a powerful solution to overcome grid constraints, addressing the challenge of how to cost-effectively scale charging for the growing number of EVs entering service. By leveraging Eaton's Everything as a Grid approach and integrated V2X capabilities, the system can seamlessly synchronize onsite renewables, energy storage and vehicle batteries with local energy markets to help fleets significantly reduce fueling costs. When deployed at scale with participating utilities, the joint architecture can even help balance the electric grid. Eaton will custom engineer each Express configuration with comprehensive power infrastructure delivered site-ready with the option of a skid-mounted solution to expedite installation, reduce equipment requirements, and simplify connection to the grid and distributed energy resources (DERs). Eaton also plans to commercialize solid-state transformer technology in the next year through its recent acquisition of Resilient Power Systems Inc. to support DC applications in the EV market and beyond. The ChargePoint Express Grid, powered by Eaton, will debut at the RE+ trade show in Las Vegas where Eaton will demonstrate broad capabilities advancing electrification and energy transition in Booth #V8071. Additionally, Eaton's vice president of engineering and technology Luiz Huet de Bacellar will discuss the benefits of DC microgrids and how Eaton is working to advance safety standards for DC technologies during the conference. Express solutions will be available to order for select customers in the first quarter of 2026 in North America and Europe, with deliveries beginning in the second half of 2026. Learn more about the ChargePoint Express line of EV chargers. Aankondiging • Aug 08
Eaton Corporation plc (NYSE:ETN) completed the acquisition of Resilient Power Systems, Inc. Eaton Corporation plc (NYSE:ETN) signed an agreement to acquire Resilient Power Systems, Inc for approximately $150 million on July 11, 2025. Under the terms of the agreement, Eaton will pay $ 55 million of cash at closing and contingent future consideration and other payments that could reach $95 million based on 2025 through 2028 revenue performance, achievement of technology-based milestones, and in certain cases subject to management's continued employment with Eaton. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2025.
Dotun Obadina and Laura Turano of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to Eaton Corporation plc.
Eaton Corporation plc (NYSE:ETN) completed the acquisition of Resilient Power Systems, Inc on August 6, 2025. Aankondiging • Aug 05
Eaton Corporation plc Provides Earnings Guidance for the Third Quarter and Full Year 2025 Eaton Corporation plc provided earnings guidance for the third quarter and full year 2025. For the quarter, the company expects Organic growth of 8% -9% and Earnings per share between $2.58 and $2.64.
For the year, the company expects Organic growth of 8.5% -9.5% and Earnings per share between $10.41 and $10.61, up 11% at the midpoint over the prior year. Aankondiging • Jul 22
Eaton Corporation plc Announces Departure of Ernest Marshall as Executive Vice President and Chief Human Resources Officer, Effective September 30, 2025 Eaton Corporation plc announced that Ernest Marshall, Executive Vice President and Chief Human Resources Officer, will depart from the Company, effective September 30, 2025. Aankondiging • Jul 18
Eaton Corporation plc to Report Q2, 2025 Results on Aug 05, 2025 Eaton Corporation plc announced that they will report Q2, 2025 results Pre-Market on Aug 05, 2025 Aankondiging • Jul 16
Eaton Corporation plc (NYSE:ETN) signed an agreement to acquire Resilient Power Systems, Inc. Eaton Corporation plc (NYSE:ETN) signed an agreement to acquire Resilient Power Systems, Inc on July 16, 2025.
The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2025. Aankondiging • Jun 16
Eaton Corporation plc (NYSE:ETN) signed an agreement to acquire Ultra PCS Limited from Cobham Ultra Us Coborrower Llc for $1.6 billion. Eaton Corporation plc (NYSE:ETN) signed an agreement to acquire Ultra PCS Limited from Cobham Ultra Us Coborrower Llc for $1.6 billion on June 16, 2025. A cash consideration of $1.55 billion will be paid by Eaton Corporation plc. As part of consideration, $1.55 billion is paid towards common equity of Ultra PCS Limited.
The transaction is subject to customary closing conditions and regulatory approvals, is expected to close in the first half of 2026. Aankondiging • May 02
Eaton Corporation plc Provides Earnings Guidance for the Second Quarter and Full Year 2025 Eaton Corporation plc provided earnings guidance for the second quarter and full year 2025. For the quarter, the company anticipates Organic growth of 6-8% and Earnings per share between $2.35 and $2.45.
For the full year, the company anticipates Organic growth of 7.5-9.5% Earnings per share between $10.29 and $10.69, up 10% at the midpoint over the prior year. Aankondiging • Apr 22
Eaton Declares Quarterly Dividend, Payable on May 23, 2025 Eaton declared a quarterly dividend of $1.04 per ordinary share. The dividend is payable May 23, 2025, to shareholders of record at the close of business on May 5, 2025. Aankondiging • Apr 21
Eaton Corporation plc to Report Q1, 2025 Results on May 02, 2025 Eaton Corporation plc announced that they will report Q1, 2025 results Pre-Market on May 02, 2025 Aankondiging • Apr 02
Eaton Corporation plc (NYSE:ETN) completed the acquisition of Fibrebond Corporation from family. Eaton Corporation plc (NYSE:ETN) signed an agreement to acquire Fibrebond Corporation from family for $1.4 billion on March 11, 2025. A cash consideration of $1.4 billion will be paid by Eaton Corporation plc. As part of consideration, $1.4 billion is paid towards common equity of Fibrebond Corporation. The transaction, which is subject to customary closing conditions, is expected to close in the third quarter of 2025. Eaton expects the deal will be neutral from an earnings per share standpoint in 2025.
Caroline Phillips,Jessica Pisani,Matthew Dewitz,Bradd Williamson,Sandra Benjamin,Jason Cruis,Patrick English,Robert Frances,Aaron Friberg,Joshua Marnitz,Carrie Girgenti,Robert Brown II,Andrew Galdes,Kevin Chambers,Damara Chambers,Catherine Hein,Kyle Jefcoat,Kirsten Gaeta,Gary Boss,Alexander Traum,Stephanie Teicher, Laura Ferrell and Andrea Schwartzman of Latham & Watkins LLP and Jones Walker LLP acted as legal advisor to Fibrebond. Stephens Inc. acted as financial advisor to Fibrebond.
Eaton Corporation plc (NYSE:ETN) completed the acquisition of Fibrebond Corporation from family on April 1, 2025. Aankondiging • Mar 25
Eaton Announces Breakthrough, AI-Powered Innovation to Help Utilities Strengthen Wildfire Prevention Efforts Eaton announced a innovation strengthening wildfire prevention efforts on utility distribution systems. Achieved in collaboration with the U.S. Army Corps of Engineers (USACE) research and development arm, the U.S. Army Engineer Research and Development Center (ERDC), the National Renewable Energy Laboratory (NREL) and multiple North American utilities, the new Eaton HiZ Protect™? solution addresses a long-standing challenge for electric utilities: accurately and quickly detecting and mitigating high-impedance (HiZ) powerline faults that could potentiallyignite wildfires. Pilot projects with multiple North American utilities are underway to further refine the technology, which is expected to be first available in Eaton's Form 7 recloser controls. Existing grid protection technologies struggle to accurately prevent or identify HiZ faults, prompting utilities to resort to public safety power shutoffs during high-risk conditions. Eaton's HiZ Protect technology will help strengthen utility wildfire prevention efforts by automatically and accurately identifying and isolating these powerline faults. Under lab-simulated conditions and using real-world grid data from multiple utilities, the Eaton technology detected and de-energized HiZ faults with greater than 90% accuracy. HiZ faults, often caused by fallen trees or damaged insulators, are historically difficult to detect due to their low fault current levels and unique characteristics. Eaton's approach to identifying and mitigating high-im Pedance faults incorporates three novel elements including, integrated sensors, machine learning and edge-based implementation. The solution can be deployed in grid-edge monitoring and control devices such as Eaton's Form-7 recloser controls to provide high-fidelity data. This capability is critical in remote areas, where communication infrastructure is limited and the ability to rapidly respond to grid conditions is essential. The Eaton solution was developed through extensive research on the unique fault signatures of high-impedance events on the grid and precise measurement of variables such as tree species, soil types and environmental conditions. Hundreds of simulations and field experiments were conducted at Eaton's Thomas A. Edison Test Center in Franksville, Wisconsin. Eaton used the data to develop a novel machine learning algorithm capable of reliably predicting and reducing the potential for these powerline faults to initiate wildfires. The company is piloting the technology with utilities and across various geographic conditions to further refine and validate the technology. During the 2025 DistribuTECH conference in March 2025, Souvik Chandra, PhD, a senior specialist engineer at Eaton's Research Labs, will participate in a panel discussion on the strategies utilities are deploying to mitigate wildfire risks, including Eaton's novel fault detection technology. Aankondiging • Mar 17
Eaton Corporation plc, Annual General Meeting, Apr 23, 2025 Eaton Corporation plc, Annual General Meeting, Apr 23, 2025. Location: eaton house, 30 pembroke road, dublin 4, ireland, Ireland Aankondiging • Mar 11
Eaton Corporation plc (NYSE:ETN) signed an agreement to acquire Fibrebond Corporation for $1.4 billion. Eaton Corporation plc (NYSE:ETN) signed an agreement to acquire Fibrebond Corporation for $1.4 billion on March 11, 2025. A cash consideration of $1.4 billion will be paid by Eaton Corporation plc. As part of consideration, $1.4 billion is paid towards common equity of Fibrebond Corporation. The transaction, which is subject to customary closing conditions, is expected to close in the third quarter of 2025. Eaton expects the deal will be neutral from an earnings per share standpoint in 2025. Aankondiging • Mar 10
Eaton Names Sergio Letelier as Senior Vice President, Corporate Development, Planning and Strategy, Effective March 17, 2025 Eaton announced that Sergio Letelier has been named senior vice president, corporate development, planning and strategy, effective March 17, 2025. In this role, Letelier will be responsible for leading Eaton’s corporate strategy and global mergers and acquisitions activity, reporting to Olivier Leonetti, executive vice president and chief financial officer, and will join the company’s executive leadership team. Letelier joins Eaton from Hewlett Packard Enterprise, where he served as senior vice president and head of corporate development. There he was responsible for leading all corporate development and merger & acquisition strategy for the enterprise. Previously, he held several roles of increasing responsibility at Hewlett Packard over more than 20 years, including vice president, corporate securities and M&A, vice president, transformation execution and governance, and vice president, corporate, M&A and ventures. Letelier holds master’s degrees in finance, tax and strategy from HEC Paris, a master’s in tax and business law from University of Paris I Pantheon Sorbonne, a master’s in French and German business law from the University of Cologne, as well as an executive master’s in business administration from Quantic School of Business and Technology. Aankondiging • Feb 28
Eaton Corporation plc Declares Quarterly Dividend by 11%, Payable on March 28, 2025 The Board of Directors of intelligent power management company Eaton declared a quarterly dividend of $1.04 per ordinary share, an increase of 11% over its last quarterly dividend. The dividend is payable March 28, 2025, to shareholders of record at the close of business on March 10, 2025. Eaton has paid dividends on its shares every year since 1923. Aankondiging • Jan 31
Eaton Corporation plc Provides Earnings Guidance for the First Quarter and Full Year 2025 Eaton Corporation plc provided earnings guidance for the first quarter and full year 2025. For the quarter, the company expects Organic growth of 5.5%-7.5% and Earnings per share between $2.30 and $2.40.
For the year, the company expects Organic growth of 7%-9% and Earnings per share between $10.60 and $11.00, up 14% at the midpoint over the prior year. Aankondiging • Jan 17
Eaton Corporation plc to Report Q4, 2024 Results on Jan 31, 2025 Eaton Corporation plc announced that they will report Q4, 2024 results Pre-Market on Jan 31, 2025 Aankondiging • Dec 20
Eaton Announces Executive Changes Eaton announced that Lucy Clark Dougherty has been named general counsel, effective January 27, 2025. Dougherty will succeed Taras “Terry” Szmagala Jr. as executive vice president and chief legal officer upon his retirement, effective April 4, 2025. In this role, Dougherty will serve as counsel to Eaton’s executive management team and its Board of Directors, and will lead the company’s global Legal organization, including the Corporate Governance and Compliance functions. Dougherty will report to Paulo Ruiz, president and chief operating officer, Eaton, and will join the company’s executive leadership team upon her appointment to executive vice president and chief legal officer, effective April 5, 2025. Dougherty joins Eaton from Polaris, an American global powersports manufacturer, where she served as senior vice president, general counsel and secretary. In this role, she led the company’s global legal, government relations, trade, and product compliance organization and served as a member of the executive leadership team. Prior to this appointment, Lucy held various deputy general counsel and leadership roles with General Motors. Earlier in her career, Dougherty served as counsel inside the U.S. Department of Justice and as associate general counsel in the Office of Homeland Security before being named chief legal officer of the Department of Homeland Security and counsel to the secretary of Homeland Security. Dougherty holds a bachelor’s degree in history from Yale University, a master’s degree in history from the University of Virginia, and a Juris Doctor degree from the University of Michigan Law School. She currently serves on the board of directors of Hertz Global Holdings. Aankondiging • Nov 21
Eaton Launches Energy Storage System to Accelerate Decarbonization and Electrification for Commercial and Industrial Customers Across North America Eaton announced the xStorageTM battery energy storage system (BESS) to accelerate decarbonization projects and maximize the impact of onsite renewables. By providing the ability to strategically dispatch stored energy and operate independently from the electric grid, the solution can help communities and businesses reduce energy costs, lower carbon emissions and maintain power during utility outages. Energy storage is cornerstone to Eaton’s Everything as a Grid approach to the energy transition. The interoperable xStorage BESS transforms facilities from loads on the grid into intelligent energy assets by accumulating energy from onsite generation sources and discharging the energy strategically to make the biggest impact. The solution enables customers to tap into stored energy when utility rates are highest, if an outage is detected or when energy markets are favorable for selling excess energy back onto the grid. With built-in microgrid islanding capabilities, xStorage BESS helps minimize the impact of unplanned utility outages. It also provides the digital capabilities needed to monetize energy systems through participation in grid-connected demand response programs and energy markets. Predictive, remote equipment health monitoring and system management are enabled through Eaton’s Brightlayer software suite. To help customers scale as needs evolve, Eaton’s xStorage BESS provides 250 to 1000 kilo-watt hours (kWh) of usable stored energy and can be paralleled to double capacity in the future. A modular design provides customers with flexible installation options and reduced footprint. And with Eaton’s national network of highly trained field service engineers, the turnkey solution can incorporate expert commissioning and lifecycle maintenance services. Aankondiging • Nov 06
Eaton Corporation plc Announces Executive Changes Eaton announced the appointment of Omar Zaire to president, Corporate and Electrical Sector, Europe, Middle East and Africa (EMEA) region. Zaire succeeds Tim Darkes, who has announced his upcoming retirement from Eaton, effective June 1, 2025. Zaire will report to Heath Monesmith, Chief Operating Officer, Electrical Sector, and will join Eaton’s senior leadership team. Zaire has 27 years of experience in the electrical industry, with 16 of those years at Eaton. He is currently the senior vice president and general manager, Power Reliability Division, Electrical Sector, Americas. Since joining Eaton, he has held numerous leadership roles of increasing responsibility across the world, including the role of general manager of Eaton’s Jundiai, Sao Paulo, site and as the vice president and general manager of the Latin America region of Electrical Sector Americas. Prior to Eaton, Zaire held sales and leadership roles at Rockwell Automation, Weidmann Electrical and ABB. He holds a bachelor’s degree in electrical engineering from Instituto Mauá de Tecnologia in São Paulo, Brazil, and an executive MBA from the University of Richmond, Virginia, USA. Recent Insider Transactions • Nov 05
Lead Independent Director recently sold €1.2m worth of stock On the 1st of November, Gregory Page sold around 4k shares on-market at roughly €309 per share. This transaction amounted to 7.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €5.0m more than they bought in the last 12 months. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$2.54 (vs US$2.23 in 3Q 2023) Third quarter 2024 results: EPS: US$2.54 (up from US$2.23 in 3Q 2023). Revenue: US$6.35b (up 7.9% from 3Q 2023). Net income: US$1.01b (up 13% from 3Q 2023). Profit margin: 16% (in line with 3Q 2023). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 26% per year. Declared Dividend • Oct 28
Second quarter dividend of US$0.94 announced Shareholders will receive a dividend of US$0.94. Ex-date: 4th November 2024 Payment date: 22nd November 2024 Dividend yield will be 1.1%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 6.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Oct 25
Eaton Declares Quarterly Dividend, Payable November 22, 2024 The Board of Directors of Eaton declared a quarterly dividend of $0.94 per ordinary share. The dividend is payable November 22, 2024, to shareholders of record at the close of business on November 4, 2024. Aankondiging • Oct 23
Eaton Corporation plc Elects Andre Schulten to the Board of Directors On October 22, 2024, the Board of Directors of Eaton Corporation plc (the Company) increased its size from eleven to twelve members and elected Andre Schulten to fill the resulting vacancy, effective immediately. Mr. Schulten, 54, Schulten is the chief financial officer of The Procter & Gamble Company (P&G), a leading multinational consumer goods company. Prior to that role, Schulten served as senior vice president, Baby Care, North America. Since joining P&G in 1996, Schulten has served in several finance and accounting management roles in North America, Europe and Asia and has provided leadership for product portfolio strategy, installing new business models and supply chain redesign across global markets. Schulten also led the systems and IT integration for the global Gillette acquisition. Aankondiging • Oct 18
Eaton Corporation plc Names A.D. Naik as Senior Vice President, FP &A and Finance Transformation, Effective October 23, 2024 Eaton Corporation plc announced that A.D. Naik has been named senior vice president, FP&A and finance transformation, effective October 23, 2024. In this role, Naik will be responsible for leading the company’s global financial planning & analysis (FP&A) and finance transformation strategy and will report to Olivier Leonetti, executive vice president and chief financial officer, and will join the company’s senior leadership team. Naik currently serves as senior vice president, finance, Electrical Sector. Before that he was vice president, controller, Electrical Sector, and vice president, finance & planning, Vehicle Group. Prior to joining Eaton, Naik was responsible for financial controls, planning, analysis and business partnerships at Precision Castparts Corp.’s Wyman-Gordon Aerospace/Turbine Group. Naik previously spent 17 years with Avery Dennison Corp. in a variety of finance positions of increasing responsibility. Naik holds a bachelor’s degree in business economics and finance from Miami University in Ohio, and a master’s degree in business administration from the University of Southern California. Aankondiging • Oct 17
Eaton Corporation plc to Report Q3, 2024 Results on Oct 31, 2024 Eaton Corporation plc announced that they will report Q3, 2024 results Pre-Market on Oct 31, 2024 Aankondiging • Oct 15
Eaton Introduces Aftermarket Endurant Automated Manual Transmission Clutch and Flywheel Kits Eaton announced it is now offering Advantage automated series clutch and Cummins flywheel kits for the Eaton-Cummins Endurant automated manual transmission (AMT). The two will be sold in the same kit for the first time. A flywheel, which is the interface between the engine and clutch, is bolted to the engine and spins when in operation. The clutch cover, which is bolted to the flywheel, also spins, and the driven disc of the clutch engages against the flywheel, which over time can cause wear. Eaton’s Advantage Automated clutch is the original equipment clutch used in the Endurant transmission. It provides superior protection, less maintenance and offers maximum uptime and performance. Buy Or Sell Opportunity • Sep 09
Now 21% overvalued Over the last 90 days, the stock has fallen 12% to €262. The fair value is estimated to be €216, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 7.8% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Aankondiging • Sep 03
Eaton to Showcase Innovative Aftermarket Solutions for Growing Electrified Vehicle Market at Automechanika Frankfurt Eaton announced it is displaying its growing portfolio of aftermarket low-voltage solutions for the electrified vehicle (EV) market in Europe, Middle East, and Africa (EMEA) at Automechanika Frankfurt, September 10-14, 2024 in Booth #D11, Hall 3. DC/DC converter for stepping down voltage to power accessories: Eaton’s DC/DC converter takes power from a 48-volt system and converts it to 24 volts. The bi-directional unit then converts it further to 12 volts for use in low-voltage systems. This equalizer function, in conjunction with the 12-volt battery or a split 24-volt battery system, ensures essential equipment including antilock brakes and power steering—works in case of a power failure. Eaton’s eyelets - lightweight and resistant to severe vibrations: Eaton’s eyelets offer hundreds of configurations to support vehicles operating in the EMEA market and elsewhere around the world. The eyelets are composed of high-grade materials to make them lightweight, more resistant to severe vibration, and able to deliver a long component service life that meets or exceeds customer requirements. Stamped battery terminals Eaton’s stamped battery terminals provide several benefits, including greater energy cycling performance compared to diecast or forged terminals and weight savings in many applications. The stamped battery terminals are customizable and compatible to SAE, DIN, IEC and JIS battery post configurations. Eaton’s Bussmann series EVK fuses feature ratings of up to 1,000 volts of direct current (VDC) and up to 600 amps, enabling them to meet the requirements for use in new high-powered EVs. Eaton's hybrid and EV fuses are designed to manage and protect the charging systems of electric commercial, passenger and high-performance vehicles such as sports cars and large sport-utility vehicles. mVEC high power circuit management The multiplexed Vehicle Electrical Center (mVEC) offers economical CAN Network oversight for high-power circuits in vehicle power distribution. The mVEC, rated at 200 amps, can be configured to provide various OEM circuit protection and switching functions, using industry standard fuses, relays and breakers, with the status and control of each circuit accessible through J1939 CAN open messages. OMNEX remote controls ideal for harsh environments Eaton’s OMNEX Trusted Wireless remote control products have been used to wirelessly control high value machinery in harsh environments, including mining, construction, agriculture, locomotive and marine markets, with utmost reliability, precision and durability. Buy Or Sell Opportunity • Aug 10
Now 23% overvalued Over the last 90 days, the stock has fallen 13% to €269. The fair value is estimated to be €218, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 7.5% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$2.49 (vs US$1.87 in 2Q 2023) Second quarter 2024 results: EPS: US$2.49 (up from US$1.87 in 2Q 2023). Revenue: US$6.35b (up 8.3% from 2Q 2023). Net income: US$993.0m (up 34% from 2Q 2023). Profit margin: 16% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Aug 01
Eaton Corporation plc Provides Earnings Guidance for the Third Quarter and Full Year 2024 Eaton Corporation plc provided earnings guidance For the third quarter and full year 2024. For the quarter, company expects organic growth of 8-9%. Earnings per share between $2.42 and $2.52.
For the full year 2024, the company is raising organic growth from 7-9% to 8-9%. Earnings per share to between $9.38 and $9.48, up 18% at the midpoint over the prior year. Declared Dividend • Jul 29
First quarter dividend of US$0.94 announced Shareholders will receive a dividend of US$0.94. Ex-date: 5th August 2024 Payment date: 23rd August 2024 Dividend yield will be 1.3%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (41% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jul 20
Eaton Names Tiffany Hanisch Senior Vice President, Internal Audit Effective July 22, 2024 Eaton Corporation plc announced that Tiffany Hanisch has been named senior vice president, Internal Audit, effective July 22, 2024. She succeeds Adam Wadecki, who was named senior vice president and controller. Hanisch will report to Olivier Leonetti, Eaton’s executive vice president and chief financial officer, and will join the company’s senior leadership team. Hanisch joins Eaton from GE Aerospace, where she most recently served as business separation leader. In that role, she led the effort to set up GE Aerospace as a stand-alone, public company. Prior to this appointment, Hanisch served as general manager for GE Aerospace’s commercial services contracts. Overall, she spent more than 30 years at GE in various operational and financial leadership roles of increasing responsibility, including five years as a member of the Internal Audit team and four years as the CFO of the Military business. Hanisch holds a bachelor’s degree in engineering from the University of Illinois. Aankondiging • Jul 19
Eaton Corporation plc to Report Q2, 2024 Results on Aug 01, 2024 Eaton Corporation plc announced that they will report Q2, 2024 results Pre-Market on Aug 01, 2024 Aankondiging • May 18
Eaton Introduces 48-Volt DC/DC Converter Designed for Harsh Environments Eaton announced it is now offering a higher power version of its low-voltage 48-volt DC/DC converter for commercial and off-highway vehicles that is designed to withstand the harsh environments in which those vehicles operate. Eaton’s DC/DC converter takes power from a 48-volt system and steps it down to 12 volts to run accessories and other low-power systems. Eaton’s DC/DC converter takes power from a 48-volt system and steps it down to 12 volts to run accessories and other low-power systems. This design helps essential equipment—including antilock brakes and power steering—work even in the case of a power failure, making it unique among product offerings in this space. There is a growing demand for 48-volt DC/DC converters as off-highway and commercial vehicle manufacturers increasingly switch to dual-voltage electrical architectures. Eaton’s converters feature a natural convection, air-cooled design for ease of integration and can operate at ambient temperatures up to 85 degrees Celsius. Additionally, the converters are designed with high efficiency to prevent power loss over a wide operating range. The converters are also designed to reduce weight and save space. Most modern vehicles operate on 12-volts or 24-volts, so moving up to 48-volts results in up to four times the voltage, which decreases the electrical current by the same ratio. Because wire size is chosen based on the amount of electrical current, decreasing the current allows for the use of smaller wires, which reduces weight and helps alleviate packaging concerns. Eaton’s DC/DC converter portfolio provides flexibility through multiple power and voltage levels and can be optimized to work seamlessly with a manufacturer’s charging system specifications. It also features a Controller Area Network (CAN) bus, which allows direct communication from the DC/DC converter to other vehicle electronic control units to transmit diagnostic information. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: US$2.05 (vs US$1.60 in 1Q 2023) First quarter 2024 results: EPS: US$2.05 (up from US$1.60 in 1Q 2023). Revenue: US$5.94b (up 8.4% from 1Q 2023). Net income: US$821.0m (up 29% from 1Q 2023). Profit margin: 14% (up from 12% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. Independent Director Bob Pragada was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 30
Eaton Corporation plc Provides Earnings Guidance for the Second Quarter and Full Year 2024 Eaton Corporation plc provided earnings guidance For the second quarter and full year 2024. For the quarter, company expects Organic growth of 6.5%-8.5%. Earnings per share between $2.19 and $2.29.For the full year 2024, the company is raising Organic growth guidance from 6.5-8.5% to 7-9%. Earnings per share guidance to between $8.95 and $9.35, up 14% at the midpoint over the prior year. Declared Dividend • Apr 29
Fourth quarter dividend of US$0.94 announced Shareholders will receive a dividend of US$0.94. Ex-date: 3rd May 2024 Payment date: 24th May 2024 Dividend yield will be 1.1%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (43% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Apr 23
Eaton Corporation plc Declares Quarterly Dividend, Payable May 24, 2024 The Board of Directors of Eaton Corporation plc declared a quarterly dividend of $0.94 per ordinary share. The dividend is payable May 24, 2024, to shareholders of record at the close of business on May 6, 2024. Eaton has paid dividends on its shares every year since 1923. Aankondiging • Apr 21
Eaton Corporation plc to Report Q1, 2024 Results on Apr 30, 2024 Eaton Corporation plc announced that they will report Q1, 2024 results Pre-Market on Apr 30, 2024 Aankondiging • Apr 02
Eaton Completes First-Of-Its-Kind Clean Energy Project in Puerto Rico to Power Manufacturing and Support the Regional Power Grid Eaton cut the ribbon on a significant clean energy project at its Arecibo, Puerto Rico, manufacturing facility where the company makes circuit breakers used in homes, buildings and industrial applications. The size of the clean energy microgrid system deployed by Eaton and Enel North America is a first in Puerto Rico, substantially reducing the facility’s carbon footprint, boosting energy resilience and bolstering community infrastructure. Eaton also implemented efficiency measures using its intelligent power management technologies to reduce its energy footprint. The first-of-its-kind clean energy project in Puerto Rico demonstrates Eaton’s Everything as a Grid approach to the energy transition that enables flexible energy systems, supporting more resilient, efficient and affordable power. The project will generate more than half of the facility’s energy needs to help reduce emissions, offset energy costs and ensure resilience during grid outage events. The microgrid system incorporates 5 megawatts (MWac) solar PV, approximately 1.1 MW of battery storage and existing onsite generators. Eaton’s focus on sustainability at its Arecibo facility is part of the company’s broad initiative targeting a 50% reduction in carbon emissions across its operations by 2030. In Puerto Rico and around the world, Eaton is implementing energy efficiency measures and optimizing renewable generation to accelerate a low-carbon future. The microgrid is designed to withstand Category 5 strength hurricane-force winds and provides added value in normal grid-connected operations by generating renewable energy that can be consumed, stored and delivered back to the local grid to reduce stress on the island’s utility infrastructure. Eaton and Enel North America are initiating construction of a second microgrid at Eaton’s Las Piedras manufacturing facility to further strengthen energy resilience in Puerto Rico. Enel North America built, owns and operates the system on behalf of Eaton. Enel North America financed the project under an energy-as-a-service model, shifting Eaton’s investment in the microgrid system from a capital to an operational expense. Eaton provided installation expertise and key technologies for the microgrid system, including its Power Xpert microgrid solutions and leading power distribution equipment. Eaton’s Everything as a Grid approach to the energy transition helps customers safely add more renewables and energy storage, transforming operations to become more sustainable and resilient while lowering costs. Aankondiging • Mar 16
Eaton Corporation plc, Annual General Meeting, Apr 24, 2024 Eaton Corporation plc, Annual General Meeting, Apr 24, 2024, at 08:00 Coordinated Universal Time. Location: Eaton House Location 30 Pembroke Road Dublin 4 Ireland Agenda: To consider the election of Directors; to consider the appointment of Independent Auditor and Authorization of Audit Committee to Set Auditor Remuneration; to consider the audit Committee Report; to consider the Company's Executive Compensation; to grant the Board authority to issue shares under Irish law; to grant the Board authority to opt-out of pre-emption rights under Irish law; to authorize the Company and any subsidiary of the Company to make overseas market purchases of Company shares; and to transact any other business that may properly come before the meeting. Aankondiging • Mar 14
Eaton Introduces Next-Generation Fuel Tank Isolation Valve for Hybrid Electric Vehicles Eaton announced it has launched its next-generation fuel tank isolation valve (FTIV) for hybrid vehicles. The new FTIV®? is easier to mount, 27% lighter, 39% smaller and contains 24% fewer components than its predecessor. The gas engine in a hybrid vehicle does not operate continuously. As a result, hybrid fuel systems require special measures to address evaporative emissions that accumulate when the gas engine is not in operation. Eaton's next generation FTIV comes at a time when hybrids are becoming a popular alternative to fully electric vehicles. As new hybrids come into the market, Eaton's isolation valve can reduce packing challenges with its reduced dimensions. Eaton engineers reduced the size of the FTIV by 39% by improving the magnetic force produced by the isolation valve while at the same time reducing the amount of copper. Additionally, the new FTIV is designed to be easier to mount in a variety of challenging tank configurations within the vehicle. Eaton has agreements to supply its next-generation FTIV to two global automotive customers and has drawn interest from other manufacturers. Recent Insider Transactions • Mar 07
Executive VP & Chief Legal Officer recently sold €1.0m worth of stock On the 1st of March, Taras Szmagala sold around 4k shares on-market at roughly €271 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.1m. Insiders have been net sellers, collectively disposing of €6.8m more than they bought in the last 12 months. Declared Dividend • Mar 04
Fourth quarter dividend of US$0.94 announced Shareholders will receive a dividend of US$0.94. Ex-date: 8th March 2024 Payment date: 29th March 2024 Dividend yield will be 1.2%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (43% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 03
Full year 2023 earnings released: EPS: US$8.06 (vs US$6.18 in FY 2022) Full year 2023 results: EPS: US$8.06 (up from US$6.18 in FY 2022). Revenue: US$23.2b (up 12% from FY 2022). Net income: US$3.22b (up 31% from FY 2022). Profit margin: 14% (up from 12% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Mar 01
Eaton Increases Quarterly Dividend, Payable on March 29, 2024 The Board of Directors of Eaton declared a quarterly dividend of $0.94 per ordinary share, an increase of 9% over its last quarterly dividend. The dividend is payable March 29, 2024, to shareholders of record at the close of business on March 11, 2024. Recent Insider Transactions • Feb 16
Executive VP recently sold €1.1m worth of stock On the 13th of February, Olivier Leonetti sold around 4k shares on-market at roughly €254 per share. This transaction amounted to 88% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Olivier's only on-market trade for the last 12 months. Reported Earnings • Feb 02
Full year 2023 earnings released: EPS: US$8.06 (vs US$6.18 in FY 2022) Full year 2023 results: EPS: US$8.06 (up from US$6.18 in FY 2022). Revenue: US$23.2b (up 12% from FY 2022). Net income: US$3.22b (up 31% from FY 2022). Profit margin: 14% (up from 12% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jan 16
Eaton's Mobility Group Adds Its Advantage® Series Clutch to Its Remanufactured Product Portfolio Eaton announced its Mobility Group has added its Advantage® series clutch, the best-selling clutch in North America, to its remanufactured product portfolio. Eaton remanufactures thousands of transmissions and clutches annually to maximize the reuse of materials, which keeps them out of landfills, saves energy, reduces emissions and waste. The remanufactured Advantage clutches, which feature a unique strap drive intermediate plate design only available from Eaton, allow customers to choose the latest OE specification at a lower price point. The clutches will be offered in seven part numbers to cover the majority of heavy-duty applications and will include both self-adjust and manual adjust models. Eaton’s remanufacturing business recovers product cores from customers across North America and returns them to like-new performance. The intent of the remanufacturing business is to maximize component reuse while providing uncompromised performance. Eaton remanufactured Advantage clutches conform with the “Manufactured Again” certification process, which is defined by the MEMA Aftermarket Suppliers organization as “manufacturing that is sustainable by definition and responsible by design.” As a member of MEMA Aftermarket Suppliers, Eaton will feature the Manufactured Again certification logo on its clutch boxes. All factory remanufactured products are backed by Eaton’s Roadranger sales and service network, the nation’s leading support system for drivetrain components that provides unequaled protection, support, and training from experienced professionals. Aankondiging • Dec 06
Eaton Announces Executive Changes for Aerospace Group Eaton announced that John Sapp has joined the company effective December 4, 2023. He will succeed Nanda Kumar as the president of Eaton’s Aerospace Group upon Kumar’s retirement on March 31, 2024. Sapp will report to Paulo Ruiz, president and chief operating officer, Industrial Sector, and will join Eaton’s senior leadership team. Sapp joins Eaton from Collins Aerospace, where he most recently served as vice president and general manager of Strategic Solutions for Mission Systems. Before this role, he was the vice president and general manager of the Integrated Solutions business and prior to that, vice president of Commercial Aftermarket Sales and Support. Before joining Collins in 2018, Sapp held leadership roles with GE Aviation and was an F-15C fighter pilot in the U.S. Air Force. He also attended and later served as an instructor at the U.S. Air Force Fighter Weapons School. Aankondiging • Nov 01
Eaton Corporation plc Provides Earnings Guidance for the Fourth Quarter and Full Year of 2023 Eaton Corporation plc provided earnings guidance for the fourth quarter and full year of 2023. For the quarter, company anticipates organic growth of 8%-10%.For the year, company narrowed full year organic growth guidance to a range of 11% to 12%, up 50 basis points at the midpoint. Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: US$2.23 (vs US$1.52 in 3Q 2022) Third quarter 2023 results: EPS: US$2.23 (up from US$1.52 in 3Q 2022). Revenue: US$5.88b (up 11% from 3Q 2022). Net income: US$891.0m (up 47% from 3Q 2022). Profit margin: 15% (up from 11% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 28% per year. Aankondiging • Oct 25
Eaton Corporation plc Declares Quarterly Dividend Payable November 24, 2023 The Board of Directors of intelligent power management company Eaton declared a quarterly dividend of $0.86 per ordinary share. The dividend is payable November 24, 2023, to shareholders of record at the close of business on November 6, 2023. Eaton has paid dividends on its shares every year since 1923. Aankondiging • Oct 18
Eaton Corporation plc to Report Q3, 2023 Results on Oct 31, 2023 Eaton Corporation plc announced that they will report Q3, 2023 results Pre-Market on Oct 31, 2023 Aankondiging • Sep 29
Eaton Announces Executive Changes Eaton announced that Adam Wadecki, Ph.D., has been named senior vice president, Internal Audit, effective September 27. He succeeds Christina Bosserd, who was named vice president, Finance for Electrical Sector, Americas, at Eaton. Wadecki will report to Tom Okray, Eaton’s executive vice president and chief financial officer and will join the company’s senior leadership team. Wadecki joins Eaton from General Electric Healthcare (GEHC), where he most recently served as chief financial officer, Corporate Finance and Finance Transformation and previously as chief financial officer of GEHC’s largest publicly-reportable business segment, Global Medical Imaging. Before joining GEHC, he held leadership roles of increasing responsibility at W.W. Grainger, Advance Auto Parts and General Motors. Wadecki holds bachelor’s degrees in mechanical and industrial and operations engineering, a master’s degree in industrial and operations engineering and a doctorate in financial engineering, all from the University of Michigan. Aankondiging • Sep 07
Eaton Announces its Power Connections Business Offers Stamped Battery Terminals for Both Electrified and Internal Combustion Passenger Vehicles and On- and Off-Highway Commercial Vehicles Eaton announced its Power Connections business is now offering stamped battery terminals for both electrified and internal combustion passenger vehicles and on- and off-highway commercial vehicles. Eaton’s stamped battery terminals provide several benefits, including greater energy cycling performance compared to diecast or forged terminals and weight savings that vary depending on the application. The stamped battery terminals are customizable and compatible to SAE, DIN, IEC and JIS battery post configurations. Additionally, Eaton’s tools have the flexibility to adapt to the changing needs of customer routing requirements. New Risk • Aug 09
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €2.9m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (42% net debt to equity). Significant insider selling over the past 3 months (€2.9m sold). Recent Insider Transactions • Aug 09
President & COO of Electrical Sector recently sold €2.0m worth of stock On the 7th of August, Heath Monesmith sold around 10k shares on-market at roughly €201 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €9.6m more than they bought in the last 12 months. Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: US$1.87 (vs US$1.51 in 2Q 2022) Second quarter 2023 results: EPS: US$1.87 (up from US$1.51 in 2Q 2022). Revenue: US$5.87b (up 13% from 2Q 2022). Net income: US$744.0m (up 24% from 2Q 2022). Profit margin: 13% (up from 12% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jul 28
Eaton Unveils Industry-First Approach to Simplify and Accelerate Fleet EV Charging, Reducing Installation Time by 40% Eaton announced a game-changing new approach simplifying electric vehicle (EV) fleet charging by eliminating costly cable runs and major modifications to existing parking and conveyor structures. The overhead EV Charging Busway enables fleets to expand and reconfigure infrastructure with no concrete work required – which is often the biggest cost when deploying EV charging for fleets. Eaton’s Green Motion EV charging hardware enables intelligent load management, throttling the rate of charge to maximize available electrical capacity onsite. The Eaton chargers can also be integrated with the company’s Charging Network Manager software out of the box to further simplify the deployment and management of networked charging stations. Eaton’s EV charging hardware and software, including its EV Charging Busway, are designed for interoperability and support the North American Charging Standard (NACS) and Open Charge Point Protocol (OCPP) 1.6J. Eaton’s EV Charging Busway provides a plug-and-play solution to add, move and expand charging infrastructure without rewiring. The solution incorporates a retractable cable management system for AC Level 2 chargers that keeps cords and electrical equipment off the ground and out of the way. EV charging busway can also support ground mounted DC fast charging pedestals. Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. It are guided by commitment to do business right, to operate sustainably and to help customers manage power - and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy, helping to solve the world’s most urgent power management challenges, and doing what’s best for stakeholders and all of society. Aankondiging • Jul 27
Eaton Declares Quarterly Dividend, Payable August 25, 2023 The Board of Directors of Eaton declared a quarterly dividend of $0.86 per ordinary share. The dividend is payable August 25, 2023, to shareholders of record at the close of business on August 7, 2023. Eaton has paid dividends on its shares every year since 1923. 
