Eaton Stock Price, News & Analysis

Eaton has finalized its acquisition of Tripp Lite, enhancing its product offerings in power management solutions. Tripp Lite, based in Chicago, is a top provider of power quality products, including uninterruptible power supply systems and surge protectors, primarily for data centers and industrial markets. President Uday Yadav emphasized the strategic importance of this integration in expanding Eaton's edge computing and UPS business. Eaton, with 2020 revenues of $17.9 billion, operates in over 175 countries, employing around 92,000 people.

Eaton, a power management company, will have Vice Chairman Rick Fearon and incoming CFO Tom Okray participate in the BofA Global Research Global Industrials Conference on March 17 at 10:50 a.m. ET. A live webcast can be accessed via Eaton's Investor Relations website, with a replay available post-event. Eaton focuses on sustainable power management solutions, generating $17.9 billion in revenue in 2020 and operating in over 175 countries with around 92,000 employees. For more details, visit www.eaton.com.

The Board of Directors of power management company Eaton (NYSE:ETN) declared a quarterly dividend of $0.76 per ordinary share, marking a 4% increase from the previous dividend. This dividend is payable on March 30 to shareholders recorded by the close of business on March 16. Eaton has maintained a yearly dividend payout since 1923, reflecting its commitment to shareholder returns. In 2020, Eaton reported revenues of $17.9 billion and operates in over 175 countries, employing around 92,000 people.

Power management company Eaton (NYSE:ETN) has appointed Daniel Hopgood as senior vice president and controller, effective April 1. He succeeds Ken D. Semelsberger, who will retire on March 31. Hopgood has been with Eaton since 2012, serving in various finance roles, including senior vice president, Global Financial Services and Systems. This transition aims to ensure continuity within the leadership team. Eaton reported revenues of $17.9 billion in 2020 and operates in more than 175 countries with approximately 92,000 employees.

Eaton (NYSE:ETN) announced its annual investor conference scheduled for March 1, from 9 a.m. to 11:40 a.m. Eastern time. The conference aims to discuss the company’s business prospects with securities analysts and institutional investors. Investors can access the meeting via a live webcast on Eaton’s homepage, with a replay available later. In 2020, Eaton reported revenues of $17.9 billion and operates in over 175 countries with around 92,000 employees.

Eaton Corporation reported Q4 2020 earnings per share of $1.18. Adjusted EPS reached $1.28, excluding specific charges. Total sales for the quarter were $4.7 billion, with organic sales declining by 5%. Despite this, segment margins improved to 17.4%. For the full year, sales totaled $17.9 billion, down 11% organically. The company anticipates organic revenue growth between 4% and 6% for 2021, with adjusted EPS expectations for 2021 between $5.40 and $5.80.

Eaton announced its agreement to acquire Cobham Mission Systems for $2.83 billion, which includes $130 million in tax benefits. The adjusted purchase price reflects approximately 14 times CMS’s 2020 EBITDA and 13 times its estimated 2021 EBITDA. This acquisition aims to enhance Eaton’s fuel systems business and support future growth in its Aerospace segment. The transaction is expected to close in the second half of 2021, pending customary closing conditions.