5 Best European Dividend Stocks to Buy

2. Eaton Corporation PLC (NYSE:ETN)

Number of Hedge Fund Investors: 55

Ireland-based power management company Eaton Corporation PLC (NYSE:ETN) ranks 2nd in our list of the best European dividend stocks to buy according to hedge funds.

In October Eaton Corporation PLC (NYSE:ETN) posted Q3 results. Adjusted EPS in the period came in at $2.47, beating estimates by $0.13. Revenue jumped about 11.3% year over year to $5.95 billion, beating estimates by $10 million.

Carillon Eagle Mid Cap Growth Fund made the following comment about Eaton Corporation plc (NYSE:ETN) in its Q3 2023 investor letter:

“Eaton Corporation plc (NYSE:ETN) share prices jumped to all-time highs after the company boosted its earnings guidance for the year. Management noted that demand remains strong, which propelled the company’s sales backlog to a record level. Eaton remains well-positioned to capitalize on re-industrialization in North America and Europe.”