Eaton Tops Q4 Expectations, Splits Stock, Boosts Payout

Eaton Corporation (ETN) reported fourth quarter earnings of $1.69 per share on $3.66 billion in revenue this morning, edging Wall Street’s expectations on both counts. The company also announced a two-for-one stock split and a 17% increase to its dividend. Analysts were expecting earnings of $1.67 per share and $3.63 billion in sales, on average. [...]