Report
Keith Schoonmaker
EUR 100.00 For Business Accounts Only

Eaton 2018 3Q Update

Narrow-moat rated Eaton had a strong second quarter, buoyed by organic revenue growth of 7% that was largely broad-based. As a result, we are raising our fair value estimate to $79 per share from $78 per share as we incorporate second-quarter results and what we view as management’s justified new guidance to the upside. Encouragingly, the firm reported accelerating bookings growth across most segments, and highlighted strength in its long-cycle businesses (that is, aerospace and electrical syste...
Underlying
Eaton Corp. Plc

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Keith Schoonmaker

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