Eaton Reports Solid Close to 2017 as Recovery in Organic Sales and Margin Expansion Persists in 4Q
We’re maintaining our $76 fair value estimate for narrow-moat Eaton following strong fourth-quarter results. Revenue increased 7% year over year to $5.2 billion in the quarter, reflecting robust organic revenue growth of 5%, the highest quarterly rate of growth Eaton has seen since the fourth quarter of 2014. Electrical products increased sales 3% organically, reporting strengthening orders in the American industrial, Canadian residential, and European power quality markets. Sales in electrical ...
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.
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