Eaton Corp plc (ETN) SEC Filings

Eaton Corp plc (ETN) reports that Shawn M. Black, who serves as President - Aerospace Group of Eaton Corporation, a subsidiary of Eaton Corp plc, has filed an initial statement of beneficial ownership on a Form 3. The filing lists him as an officer but does not report any equity transactions or specific share holdings. A Power of Attorney authorizing filings on his behalf is attached as Exhibit 24.

Eaton Corp plc director Gerald Johnson reported open-market purchases of company Ordinary Shares. On 2026-08-13 he purchased 130 shares at $455.90 per share, and on 2026-08-12 he purchased 70 shares at $469.93 per share, for total reported buying of 200 shares.

Eaton Corp plc executive Heath B. Monesmith, President and Chief Operating Officer – Electrical Sector, reported multiple stock option exercises and related share movements on 2026-08-11. He exercised options covering 20,041 Ordinary Shares at exercise prices of $130.86, $151.76 and $171.31 per share. Following these exercises, he acquired corresponding Ordinary Shares and sold 18,036 Ordinary Shares at a weighted average price of $458.0408 per share, with individual sale prices ranging from $458.00 to $458.45. Additional 653 Ordinary Shares were delivered or withheld to pay the exercise price or tax liabilities. He also reports indirect ownership of 3,518 Ordinary Shares held in the Eaton Savings Plan.

Michael Yelton, President – Americas Region, Electrical Sector of Eaton Corporation, exercised stock options for 658.0000 ordinary shares of Eaton Corp plc on 2026-08-06 at an exercise price of $151.7600 per share. These options were granted on February 22, 2022 and became exercisable 33%, 33% and 34% on the first, second and third anniversaries of the grant date. In connection with the exercise, 221.0000 ordinary shares were delivered or withheld at $451.5250 per share for payment of exercise price or tax liability. Following these transactions, he reported holding 1742.0000 stock options from this grant and 3120.0000 ordinary shares indirectly through the Eaton Savings Plan.

On 2026-08-04, Adam A. Wadecki, Senior Vice President and Controller of Eaton Corporation, a subsidiary of Eaton Corp plc, sold 525 Ordinary Shares in a sale in open market or private transaction at $440.5430 per share, leaving him with 1054.0000 directly owned shares. The Rule 10b5-1 trading plan checkbox for this transaction was not selected.

Eaton Corporation plc reported Q2 2026 net sales of $8,531 million, up 21% year over year, driven by 14% organic growth and acquisitions. Net income attributable to ordinary shareholders declined to $821 million as gross margin fell to 33.5% from 37.0% and the effective tax rate rose to 28.1%.

Adjusted earnings increased to $1,228 million and adjusted EPS to $3.15, with segment operating profit higher across Electrical Americas, Electrical Global, Aerospace and Mobility. Backlog was approximately $24.1 billion, and operating cash flow for the first six months rose to $1,634 million.

Eaton completed major acquisitions, including Boyd Thermal for $9.55 billion and Ultra PCS for $1.53 billion, alongside issuance of $8,500 million of new U.S. notes, €1,200 million of Euro notes and increased commercial paper, lifting total assets to $56,181 million and long-term debt and current portion to $18,520 million. The company also advanced plans to separate its Mobility segment via a Reverse Morris Trust with Dana, expecting a $1.1 billion cash distribution and closing in the first quarter of 2027.

Eaton Corporation plc reported record second quarter 2026 results. Sales reached $8.5 billion, up 21% from a year earlier, driven by 14% organic growth and 7% from acquisitions. Diluted EPS was $2.11, and adjusted EPS, excluding acquisition, restructuring and amortization charges, was a record $3.15. Segment margins were 23.1%, above the high end of guidance. Operating cash flow was $1.1 billion and free cash flow $874 million, both more than 20% higher than last year.

Electrical Americas and Electrical Global delivered record sales of $4.0 billion and $2.5 billion, respectively, with strong orders and backlog; Aerospace sales reached $1.2 billion with 22.8% margins. The Electrical businesses and Aerospace each reported rolling 12‑month book‑to‑bill ratios of 1.2 and backlog growth up to 103% year over year, signaling robust demand.

Eaton continued portfolio reshaping, closing the $9.55 billion Boyd Thermal acquisition and the $1.53 billion Ultra PCS deal, and investing $75 million in SPAN. It agreed to separate its Mobility business via a Reverse Morris Trust with Dana, expected to close in early 2027 and provide a $1.1 billion cash distribution. For 2026, it guides to 11–13% organic growth, 24.1–24.5% segment margins, EPS of $10.36–$10.56 and adjusted EPS of $13.40–$13.60.

Eaton Corporation plc plans to separate its Mobility Group and combine it with Dana Incorporated in a Reverse Morris Trust transaction that values the combined company at over $10 billion.

Eaton’s Mobility Group is valued at about $5.1 billion, with the combined business expected to generate roughly $11 billion in 2026 pro forma revenue and $1.7 billion in estimated adjusted EBITDA, including $250 million of run-rate cost synergies. Eaton will receive a cash distribution of approximately $1.1 billion and its shareholders will own at least 50.1% of the new company’s shares.

The deal is intended to be tax-free for U.S. federal income tax purposes and is expected to close in the first quarter of 2027, subject to Dana shareholder approval, regulatory clearances and other customary conditions. After closing, Eaton will focus on its Electrical and Aerospace businesses, which management ties to long-term growth trends, while the combined company will operate as Dana Incorporated and continue to trade under the ticker DAN.