Eaton Corporation plc (ETN) - Company Profile - 2026-04-16
Company Overview
Eaton Corporation plc is a Dublin, Ireland-based power management company with a global footprint across the United States, Canada, Latin America, Europe, and the Asia Pacific. The company conducts its business through five segments: Electrical Americas, Electrical Global, Aerospace, Vehicle, and eMobility. Eaton offers a broad range of products and systems, including electrical components, power distribution and connectivity solutions, wiring devices, circuit protection, hazardous duty electrical equipment, and related power reliability offerings; hydraulic and fluid power components; aerospace systems and subsystems; and vehicle propulsion, controls, and hybrid power components. The company traces its history to 1911 and was formerly known as Abeiron Limited.
Business and Operations
Eaton operates as a diversified power management company, delivering technology across multiple end markets. Its Electrical Americas and Electrical Global segments address electrical distribution, power quality, connectivity, and industrial electrical components for commercial, industrial, and utility customers. The Aerospace segment serves manufacturers and aftermarket customers with flight-critical systems, actuators, sensors, and related equipment. The Vehicle segment provides transmissions, clutches, hybrid power systems, and other propulsion and control technology for light and heavy vehicles, including components for hybrid and electric platforms. The eMobility segment focuses on power management and electrification solutions to enable electric propulsion and energy efficiency in mobility and industrial applications. Geographically, Eaton’s operations span the United States, Canada, Latin America, Europe, and the Asia Pacific, underscoring a diversified, global application base for its products and services.
Fundamental Metrics
- Market cap: $153.44B
- Enterprise value: $163.17B
- P/E (trailing): 37.73
- P/E (forward): 25.49
- P/B: 7.89
- P/S: 5.59
- Profit margin: 14.89%
- Operating margin: 19.97%
- ROE: 21.53%
- ROA: 8.33%
- Debt/Equity: 54.88
- Current ratio: 1.32
- Revenue (TTM): $27.45B
- Revenue growth (YoY): 13.10%
- Earnings growth (YoY): 18.90%
- Free cash flow: $2.60B
- Dividend yield: 111.00%
- Payout ratio: 39.81%
- Beta: 1.16
Share Structure and Ownership
- Shares outstanding: 387,985,340
- Float: 387,252,207
- Insider held: 0.07%
- Institutional held: 85.41%
- Short ratio (days to cover): 3.21
- Short % of float: 2.28%
Top institutional holders:
- Vanguard Group Inc: 9.78% of shares
- BlackRock Inc.: 7.58% of shares
- JPMorgan Chase & Co: 4.69% of shares
- State Street Corporation: 4.35% of shares
- Morgan Stanley: 3.35% of shares
Trading Activity
- 30-day average volume: 2,520,213
- 90-day average volume: 2,814,970
- 52-week high: $408.45
- 52-week low: $255.10
- [Drawdown](https://aksoycapital.com/glossary/drawdown.html) from 52-week high: -3.28%
Recent Price Action
- Last close: $395.06 on 2026-04-15
- 1-month change: +9.42%
- 3-month change: +21.74%
- Year-to-date (YTD) change: +20.70%
- 1-year change: +46.78%
- 52-week high/low: $408.45 / $255.10
- [Drawdown](https://aksoycapital.com/glossary/drawdown.html) from 52W high: -3.28%
Strengths
- Diversified product portfolio across Electrical, Aerospace, Vehicle, and eMobility segments.
- Global operational footprint spanning the Americas, Europe, and Asia Pacific.
- Solid profitability indicators: operating margin 19.97%, profit margin 14.89%, and ROE 21.53%.
- Strong free cash flow generation: $2.60B.
- Positive earnings growth year over year: 18.90%.
- Revenue growth year over year: 13.10%.
- High institutional ownership: 85.41% of shares held by institutions.
- Substantial market capitalization: approximately $153.44B.
Considerations
- Valuation metrics indicate a trailing P/E of 37.73 and forward P/E of 25.49, with a price-to-book of 7.89 and price-to-sales of 5.59.
- Debt/Equity ratio of 54.88 suggests a moderate-to-high leverage level relative to equity.
- Dividend yield reported at 111.00% is unusually high for a blue-chip industrial issuer and may warrant verification against the latest dividend policy.
- Price action shows the stock has moved higher over the past year (1-year change +46.78%), with a recent drawdown from the 52-week high of 3.28%.
- Moderate current ratio of 1.32 implies limited cushion in working capital relative to current liabilities.
- Large percentage of shares held by institutions (85.41%) may indicate a concentrated owner base.
Summary
Eaton Corporation plc is a Dublin-based power management company with five operating segments—Electrical Americas, Electrical Global, Aerospace, Vehicle, and eMobility—serving a broad global customer base. The company reports a market cap near $153.44B and an enterprise value around $163.17B, with TTM revenue of $27.45B and healthy margins (operating margin ~20%, profit margin ~14.9%) and aROE of roughly 21.5%. Its stock closed at $395.06 on 2026-04-15 and has risen about 46.78% over the past year, supported by solid revenue and earnings growth and strong free cash flow generation.