Eaton’s Portfolio of Products and Services Serves Vital Portions of the World’s Infrastructure
After taking a fresh look at Eaton, we slightly raise our fair value estimate by nearly 4% to $83 from $80 previously, primarily due to a 60-basis-point improvement in our midcycle margin assumption outlook. Our new fair value estimate represents over a 14 times multiple to our 2019 EPS estimate. Even so, most of our long-term assumptions are intact, particularly as it concerns revenue drivers that we believe will propel the stock forward. We also retain our narrow moat, Standard stewardship, me...
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.
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