This week I’m seeking a prestigious and long-term dividend-paying stock from the industirals business sector.
That industrials sector includes twenty-three industries all related to designing, fabricating and servicing stuff we know, want and use. The industrials industries range from aerospace and defense to waste management with all the transportation, business services, and equipment required in between.
Today I’m reviewing a large-cap diversified industrial company, named Eaton Corporation PLC. It’s trading ticker symbol is ETN.
Eaton Corp PLC is a power management company. It provides energy-efficient solutions that help its customers effectively manage electrical, hydraulic and mechanical power. Eaton’s products include UPS systems, cylinders, circuit breakers, among others.
The company has five segments:
An Electrical Products segment offers electrical and industrial components.
The company’s Electrical Systems and Services segment provides power distribution and assemblies, and more.
Its Hydraulics segment offers various power products, controls and sensing products, and golf grips.
The company’s Aerospace segment provides hydraulic fluid conveyance products and fuel systems for commercial and military use.
Its Vehicle segment designs, manufactures, markets, and supplies drivetrain and powertrain systems.
The company serves industrial, institutional, governmental, utility, commercial, residential, information technology, renewable energy, marine, agriculture, oil and gas, construction, mining, forestry, material handling, truck and bus, machine tools, molding, primary metals, and power generation markets, as well as original equipment manufacturers and aftermarket customers of heavy, medium, and light-duty trucks, SUVs, CUVs, passenger cars, and agricultural equipment.
Eaton Corporation plc was founded in 1916 and is based in Dublin, Ireland.
I use three key data points to gauge the value of any dividend equity or fund like Eaton Corporation PLC.: