13 Best Foreign Dividend Stocks To Buy According to Analysts

9. Eaton Corporation plc (NYSE:ETN)

Dividend Yield as of February 12: 1.15%

Number of Hedge Fund Holders: 90

Average Upside Potential: 22.69%

Eaton Corporation plc (NYSE:ETN) is a global power management company based in Dublin, Ireland. The company operates through Electrical Americas and Electrical Global, Aerospace, Vehicle, and eMobility segments. ETN is one of the best dividend stocks to invest in, with an average upside potential of 22.69% as of February 12. On February 3, RBC Capital maintained an Outperform rating on Eaton and slightly trimmed the price target on the shares from $407 to $405. Despite a recent selloff, RBC was reassured by CEO Craig Arnold’s confidence in the company’s data center growth outlook.

Eaton Corporation plc (NYSE:ETN) is gearing up for another strong year in 2025, expecting solid market demand, organic growth, better margins, and higher free cash flow. In Q4 2024, the company hit record sales of $6.2 billion, with operating profit up 13% and adjusted EPS climbing 11% to $2.83. Cash flow was also at an all-time high, with operating cash flow surging 23% to $1.6 billion and free cash flow jumping 27% to $1.3 billion. Eaton plans to buy back $2 billion to $2.4 billion in shares while keeping plenty of cash on hand for strategic acquisitions to fuel future growth. Eaton has been a consistent dividend payer since 1923.

According to Insider Monkey’s Q3 data, 90 hedge funds were bullish on Eaton Corporation plc (NYSE:ETN), compared to 93 in the last quarter. Philippe Laffont’s Coatue Management was the largest stakeholder in the company, with 4.6 million shares worth $1.5 billion.