Last $69.81 USD
Change Today -0.24 / -0.34%
Volume 2.0M
As of 8:04 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

eaton corp plc (ETN) Snapshot

Open
$69.91
Previous Close
$70.05
Day High
$70.10
Day Low
$69.64
52 Week High
07/14/14 - $79.98
52 Week Low
09/3/13 - $62.89
Market Cap
33.3B
Average Volume 10 Days
2.6M
EPS TTM
$4.50
Shares Outstanding
476.7M
EX-Date
07/31/14
P/E TM
15.5x
Dividend
$1.96
Dividend Yield
2.71%
Current Stock Chart for EATON CORP PLC (ETN)

eaton corp plc (ETN) Related Businessweek News

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eaton corp plc (ETN) Details

Eaton Corporation plc operates as a power management company worldwide. Its Electrical Products segment offers electrical components, industrial components, residential products, single phase power quality, emergency lighting, fire detection, wiring devices, structural support systems, circuit protection, and lighting products. The company’s Electrical Systems and Services segment provides power distribution and assemblies, three phase power quality, hazardous duty electrical equipment, intrinsically safe explosion-proof instrumentation, utility power distribution, power reliability equipment, and services. The Hydraulics segment offers power products, controls and sensing products, and fluid conveyance products, as well as filtration systems solutions, heavy-duty drum and disc brakes, and golf grips. The Aerospace segment provides hydraulic power generation systems, controls and sensing products, fluid conveyance products, and fuel systems for commercial and military use. The Vehicle segment designs, manufactures, markets, and supplies drivetrain and powertrain systems, and critical components that reduce emissions and enhance fuel economy, stability, performance, and safety of cars, light trucks, and commercial vehicles. It serves the industrial, institutional, governmental, utility, commercial, residential and information technology markets; oil and gas, renewable energy, marine, agriculture, construction, mining, forestry, utility, material handling, truck and bus, machine tools, molding, primary metals, and power generation markets; manufacturers of commercial and military aircraft, and related after-market customers; and original equipment manufacturers and aftermarket customers of SUVs, CUVs, passenger cars, and agricultural equipment, as well as heavy-, medium-, and light-duty trucks. The company was founded in 1916 and is based in Dublin, Ireland.

eaton corp plc (ETN) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.2M
Vice Chairman and Chief Financial & Planning ...
Total Annual Compensation: $737.0K
Vice Chairman and Chief Operating Officer of ...
Total Annual Compensation: $733.9K
Vice Chairman of the Industrial Sector and Ch...
Total Annual Compensation: $733.6K
Executive Vice President, General Counsel and...
Total Annual Compensation: $546.4K
Compensation as of Fiscal Year 2013.

eaton corp plc (ETN) Key Developments

Eaton Expects to Close Clutch-Assembly Facility in North Charlotte

Eaton announced that it expects to close its clutch-assembly facility in north Charlotte and lay off the more than 80 people who work there, a move that will shrink the company's presence in the region. The company plans to shift the operations at the 5808 Long Creek Park Drive facility to Eaton plants in Indiana and Mexico that have available capacity. The closure will result in 84 layoffs. The first wave of layoffs is expected to occur by October 15. 27 of the 84 workers will remain working at the facility until the end of 2015 as the company completes orders for existing clients. The company announced that the closing will not affect Eaton's electrical facility in Charlotte, the only other operation the company has in the city. That facility is at 5910 Long Creek Park Drive and employs 79 people. It serves as the U.S. distribution center for Eaton's Cooper Wiring Devices businesses. The operations in the Charlotte plant will be moved to a facility in Auburn, Ind., and a facility in San Luis Potosi, Mexico. Eaton will assist affected workers in finding employment both inside and outside the company.

Sixth U.S. Circuit Court of Appeals Dismisses Securities Fraud Class Action Against Eaton Corp. Arising from State Court Trade Secrets Litigation

The Sixth U.S. Circuit Court of Appeals affirmed a district court's dismissal of a securities fraud class action brought against Eaton Corp. arising from statements made by the company in connection with a separate trade secrets action that the firm brought against a competitor. An institutional investor sued Eaton Corp. and certain of Eaton's officers alleging securities fraud arising from a separate trade secrets lawsuit that Eaton filed against its competitor, Frisby Aerospace. The complaint alleged that in an underlying state court lawsuit between Eaton and Frisby, Eaton intentionally refused to turn over responsive documents during discovery and hired a friend of the trial judge to engage in ex parte conversations with the judge. The investor plaintiff in the securities fraud action alleged that statements by Eaton asserting the company had not attempted to influence the judge in the state court lawsuit constituted securities fraud. The plaintiff asserted the defendants violated 10(b) and 20(a) of the Securities Exchange Act of 1934. The district court granted the defendants' motion to dismiss and the plaintiff appealed. The Sixth Circuit held the complaint failed to adequately alleged loss causation. The complaint alleged the defendants perpetrated a fraud on the market by concealing that Eaton engaged in illegal activity in connection with the Frisby litigation, that the fraud became known to the public on May 31, 2012, when investors learned that Eaton withheld documents and attempted to illegally influence the judge in the underlying action and that the firm's stock price declined precipitously as a result.

Eaton Corporation Plc Launches New Next-Generation MTL GIR6000 Biogas Analyzer

Eaton Corporation Plc has launched a new next-generation MTL GIR6000 biogas analyzer designed to meet the measurement needs of the biogas industry. The MTL GIR6000 gas analyser is the first truly modular biogas analyser, requiring minimal maintenance and enabling process engineers and biogas plant managers to reduce downtime and improve their processes. The MTL GIR6000 analyser uses an innovative modular concept that makes it user-serviceable and reduces lifetime service costs through quick and easy maintenance procedures that require no special tools or training. As a result, service engineer site visits are largely avoided with the guidance of the built-in self-diagnostic routines and pre-configured intelligent sensor modules. The gas sensor modules can be individually replaced - simply slide in and lock with an automatic seal integrity check - which helps to ensure minimal downtime, increased process efficiency and reduced operational maintenance cost. The analyser can measure up to six gases, including methane, oxygen and hydrogen sulphide, and is designed with dedicated sensor modules and long-life, established sensor technology to provide continuous, accurate and reliable readings. The integrated platform concept makes it easy to upgrade the MTL GIR6000 analyser to meet future demands as the plant's measurement needs evolve. The MTL GIR6000 analyser is designed to be secure and reliable. It requires key-lock access and PIN-codes to change the key parameters making the data safe. Setting up the unit on-site is facilitated by the large bright 7-inch LCD display and rugged keypad as well as an intuitive menu-driven structure. The display provides a clear visual warning when there is a system fault or when a sensor is reaching the end of its life-cycle, allowing users to predict or plan maintenance requirements. Data is transmitted to the plant host system through a number of communication methods, allowing live real-time data to be monitored remotely. The MTL GIR6000 analyser is an integrated IP65 weatherproof solution and is ATEX approved for Zone 2 Hazardous Areas for installation flexibility around the biogas plant.

 

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