Market Grows for Eaton Corp. - Analyst Blog
August 29 2011 - 12:55PM
Zacks
Eaton Corporation (ETN) said that its products
will be installed in the world’s largest mobile cone-type rock
crusher, the TC1885C mobile crusher. Brightwater Manufacturing Ltd.
of Christchurch, New Zealand, has selected Eaton’s products for its
TC1885C mobile crusher, which is used in rock quarries.
Installations in the 140-ton rock crusher machine include
Eaton’s heavy-duty Series 1 pumps, Vickers screw-in cartridge
valves, and Aeroquip hose and fittings for fluid conveyance.
Furthermore, the rock crusher also installs a sophisticated control
system equipped with Eaton’s comprehensive F(x) electrohydraulic
architecture, adding new capabilities to the Brightwater rock
crushers.
These installations in the crusher are further accompanied by
Eaton’s controllers that help in bringing diagnostic information
from the TC1885C engine’s CAN network, enabling Eaton’s CONTROL
(F)x programming software to monitor and protect the engine and
hydraulics, plus ensure operator safety.
These controllers added to Eaton’s product line-up have enabled
Brightwater to choose from standardized Eaton components and also
make Eaton its single-source hydraulics provider.
The hydraulic system was designed and supplied by Scarlett
Hydraulics Ltd., New Zealand’s largest full line Eaton
distributor.
Eaton’s Hydraulics business is a worldwide leader in the design,
manufacture and marketing of a comprehensive line of reliable,
high-efficiency hydraulic systems and components for use in mobile
and stationary applications.
Second quarter 2011 results at Eaton’s Hydraulics business
segment impressed with sales rising 28% over the prior year to $728
million. Operating profits came in at $120 million, up 56% from the
corresponding quarter last year. Hydraulics markets grew 18%.
Segment bookings increased 20% in the second quarter.
Cleveland, Ohio-based diversified power management company Eaton
Corporation is a leading supplier of power accessories in the
aerospace and automotive industries and has customers spanning 150
countries. Eaton has 70,000 employees and reported sales of $13.7
billion in 2010.
Eaton Corporation currently retains a Zacks #2 Rank (short-term
Buy rating). We maintain our long-term Outperform rating on the
stock. The company competes with ITT Corporation
(ITT) and Parker Hannifin Corporation (PH).
EATON CORP (ETN): Free Stock Analysis Report
PARKER HANNIFIN (PH): Free Stock Analysis Report
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