Eaton Stock Price, News & Analysis

The Board of Directors of Eaton (NYSE:ETN) declared a quarterly dividend of $0.86 per share, payable on May 26, 2023, to shareholders of record by May 8, 2023. This marks a continued commitment, as Eaton has paid dividends annually since 1923. In 2022, Eaton reported revenues of $20.8 billion and serves customers in over 170 countries. The company focuses on improving life quality and environmental protection while addressing global challenges in power management.

Eaton has acquired a 49% stake in Jiangsu Ryan Electrical Co. Ltd., a Chinese manufacturer of power distribution transformers, enhancing its position in the renewable energy market. The acquisition is valued at approximately $100 million, with Ryan reporting revenues of $100 million in 2022. This strategic move aims to leverage Ryan's high-quality products alongside Eaton's global distribution capabilities, promoting growth in the Asia-Pacific region. Eaton emphasizes its commitment to power management solutions amid increasing demand for renewable energy and electrification. The acquisition is set to accelerate Eaton’s growth in target markets including data centers and utilities.

Eaton has joined the White House and HHS Health Sector Climate Pledge, committing to ambitious sustainability goals including science-based greenhouse gas reduction targets and achieving carbon-neutral operations by 2030. The healthcare sector contributes 8.5% to U.S. greenhouse gas emissions, and Eaton aims to help cut these emissions by 50% by 2030. The company is enhancing its portfolio of intelligent power management solutions to assist healthcare organizations in strengthening infrastructure and electrifying fossil-fueled processes. Eaton's global healthcare segment director emphasized the potential of clean energy projects to improve sustainability and reliability in healthcare. Founded in 1911, Eaton reported revenues of $20.8 billion in 2022, reflecting its commitment to sustainability and power management across more than 170 countries.

Eaton (NYSE:ETN), an intelligent power management company, will release its first quarter 2023 earnings on May 2, 2023, prior to the opening of the New York Stock Exchange. A conference call is scheduled for 11 a.m. Eastern time to discuss these results with analysts and investors. The call can be accessed via a live webcast on Eaton's website. In 2022, Eaton reported revenues of $20.8 billion, serving customers in over 170 countries. This year marks the 100th anniversary of Eaton being listed on the NYSE, emphasizing its long-standing presence in the market. The company focuses on sustainability and aims to support the global transition towards renewable energy.

Gridiron Capital announced that Ernest Marshall will join the board of Leaf Home, enhancing its focus on talent development and human resources. With over 22 years of experience, including as EVP and CHRO at Eaton, Marshall aims to cultivate an inclusive work environment at Leaf Home. His background includes global HR leadership at GE Aviation and law and MBA degrees from Indiana University. The board aims to leverage his expertise to develop a culture that retains top talent as Leaf Home continues its growth. This decision reflects Gridiron Capital's commitment to fostering strong leadership within its portfolio companies.

Eaton and Sunverge have expanded their collaboration to enhance utility management of residential EV charging with a new platform integrating Eaton's EV chargers and Sunverge's DER management solutions. This initiative responds to the anticipated demand from nearly 48 million EVs and aims to optimize energy use through real-time load management. The integration promises to improve grid resilience, flexibility, and support decarbonization efforts. Eaton's technologies will enable utilities to efficiently manage charging loads, benefiting both utility companies and EV owners.