Eaton
Builds electrical power-management equipment for grids, data centers, aircraft and vehicles.
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Profile
Supplies electrical distribution, circuit-protection, power-quality and backup-power equipment to utilities, data centers, buildings and factories, alongside aerospace systems and vehicle technologies. Electrical Americas and Electrical Global generate most sales; the smaller Mobility business is slated to combine with Dana, subject to approvals.
Designs and sells equipment that distributes, controls, protects and monitors power for utilities, data centers, factories, commercial buildings and homes. Electrical Americas and Electrical Global supply circuit protection, switchgear, power distribution assemblies, power-quality systems and services, with the former focused on the Americas and the latter serving markets elsewhere.
Aerospace provides fuel, hydraulic, pneumatic, motion-control and interconnect systems for commercial, military and space platforms. Mobility combines vehicle and eMobility operations, spanning transmissions, clutches, engine components, inverters, converters and high-voltage circuit protection.
Sells through distributors, resellers and representatives, and directly to manufacturers, utilities and other end users. Electrical operations generate most sales; aerospace depends partly on a concentrated group of aircraft manufacturers, and the planned Mobility combination with Dana remains subject to shareholder and regulatory approvals.
Company facts
Key statistics
Year to date +23.1% · Average volume (30d) 2.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 28, 2026 | Morgan Stanley | Reiterate | Overweight | $500 | $520 | |
| Aug 20, 2026 | Robert W. Baird | Target | $500 | |||
| Aug 3, 2026 | RBC Capital | Reiterate | Outperform | $484 | $512 | |
| Aug 3, 2026 | BMO Capital | Reiterate | Outperform | $428 | $487 | |
| Aug 3, 2026 | Evercore ISI | Upgrade | Outperform | $453 | $502 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 31, 2026Q2 FY26 | $3.07 | $3.15 | +2.6% | $8.16B | $8.53B | +4.6% | +7.32% |
| May 5, 2026Q1 FY26 | $2.73 | $2.81 | +2.9% | $7.14B | $7.45B | +4.3% | +2.56% |
| Feb 3, 2026Q4 FY25 | $3.31 | $3.33 | +0.6% | $7.09B | $7.06B | −0.5% | +0.68% |
| Nov 4, 2025Q3 FY25 | $3.05 | $3.07 | +0.7% | $7.07B | $6.99B | −1.2% | +2.04% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $6.38B | $7.03B | $6.99B | $7.06B | $7.45B | $8.53B | |
| Gross profit | $2.45B | $2.60B | $2.68B | $2.60B | $2.65B | $2.86B | |
| Operating income | $1.23B | $1.26B | $1.37B | $1.38B | $1.17B | $1.39B | |
| Net income | $964.0M | $982.0M | $1.01B | $1.13B | $866.0M | $821.0M | |
| Diluted EPS | $2.45 | $2.51 | $2.59 | $2.91 | $2.22 | $2.11 | |
| Gross margin | 38.4% | 37.0% | 38.3% | 36.8% | 35.6% | 33.5% | |
| Operating margin | 19.3% | 17.9% | 19.6% | 19.5% | 15.7% | 16.3% |
Fiscal years (4-quarter sums)FY21 $19.63B · FY22 $20.75B · FY23 $23.20B · FY24 $24.88B · FY25 $27.45B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $695.0M · Total debt $21.33B · Total assets $56.18B · Shareholders' equity $20.25B
Dividends
Raised for 42 straight years — most recently to $1.10 from $1.04 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 7, 2026 | Aug 7 | Aug 28 | $1.10 | |
| May 8, 2026 | May 8 | May 29 | $1.10 | |
| Mar 10, 2026 | Mar 10 | Mar 27 | $1.10 | raised from $1.04 |
| Nov 6, 2025 | Nov 6 | Nov 21 | $1.04 | |
| Aug 7, 2025 | Aug 7 | Aug 22 | $1.04 | |
| May 5, 2025 | May 5 | May 23 | $1.04 | |
| Mar 10, 2025 | Mar 10 | Mar 28 | $1.04 | raised from $0.94 |
| Nov 4, 2024 | Nov 4 | Nov 22 | $0.94 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 388.30M · Float 387.53M · 99.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 30.68M | 7.90% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 25.36M | 6.53% | 13F | Aug 13, 2026 |
| State Street Corp | 17.48M | 4.50% | 13F | Aug 7, 2026 |
| JPMorgan Chase & Co | 16.79M | 4.32% | 13F | Aug 12, 2026 |
| Morgan Stanley | 13.25M | 3.41% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 13, 2026 | Gerald Johnson | director | +130 | $455.90 |
| Aug 12, 2026 | Gerald Johnson | director | +70 | $469.93 |
| Aug 11, 2026 | Heath B. Monesmith | officer: See Remarks below. | −18,036 | $458.04 |
| Aug 4, 2026 | Adam A. Wadecki | officer: See Remarks below. | −525 | $440.54 |
| May 22, 2026 | Dorothy C. Thompson | director | −167 | $385.00 |
Peers
- Vertiv
Pure-play data-center critical power and cooling rival on the AI-demand wave.
- Parker-Hannifin
Primary aerospace rival; names Eaton as a principal global Aerospace competitor.
- nVent Electric
Direct rival in electrical enclosures, connection and data-center hardware.
- Hubbell
North American utility and electrical-distribution hardware rival.
- Cummins
Commercial-vehicle powertrain rival across drivetrain and components.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Eaton | $403.75 | +0.23% | $156.40B | 41.0 | 26.9 | 5.2 | +21.4% |
| Vertiv | $259.11 | +0.86% | $98.97B | 58.2 | 32.8 | 8.6 | +24.1% |
| Parker-Hannifin | $996.00 | +0.11% | $125.46B | 34.9 | 28.3 | 5.8 | +9.8% |
| nVent Electric | $148.53 | +0.01% | $24.01B | 40.7 | 25.6 | 5.0 | +52.8% |
| Hubbell | $464.00 | +0.93% | $24.29B | 27.2 | 21.3 | 3.9 | +15.3% |
| Cummins | $564.40 | −0.03% | $77.94B | 28.9 | 17.0 | 2.2 | +9.4% |
| Median | 34.9 | 25.6 | 5.0 | +15.3% |