Eaton Corporation (ETN) - Bull of the Day
August 25 2011 - 8:00PM
Zacks
Eaton Corp. (ETN), a diversified power management company
and global leader in electrical components and systems,
outperformed Zacks Consensus Estimates yet again, driven by 12%
end-market growth. Eaton sees 2011 shaping up as the best year in
its history. Following the better-than-expected second quarter
results, the company raised its full-year guidance and expects to
see record sales and profits in 2011.
Eaton has gradually transformed itself from an automotive and
truck component manufacturer into a diversified industrial
enterprise with leading positions in its core electrical, hydraulic
and aerospace market segments. An improvement in global market
conditions should help boost the company's bottom lines.
Eaton's stable dividend program, which yields an impressive
3.6%, also makes the stock attractive. We are maintaining our
Outperform rating on Eaton.
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