Eaton (ETN) has long been a well-regarded industrial conglomerate, so it's not too surprising that the stock has ridden the market upswing and delivered a one-third return just since the mid-fall of 2012. Looking ahead, there are still several valid reasons to be positive on these shares, including significant emerging market growth, leverage to a domestic construction recovery, and the opportunity to boost margins. Although it may be hard for some investors to reconcile the stock near its 52-week high while its end markets are still looking weak, Eaton looks like a relative bargain in a value-starved sector.
Fourth Quarter Results Were A Mess
The acquisition of Cooper and the resulting accounting charges and adjustments made a...
Only subscribers can access this article, which is part of the PRO research library covering 3,808 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: