(ETN) Eaton Corporation – Bull of the Day

Eaton Corp. (ETN), a diversified power management company and global leader in electrical components and systems, outperformed Zacks Consensus Estimates yet again, driven by 12% end-market growth. Eaton sees 2011 shaping up as the best year in its history. Following the better-than-expected second quarter results, the company raised its full-year guidance and expects to see record sales and profits in 2011.

Eaton has gradually transformed itself from an automotive and truck component manufacturer into a diversified industrial enterprise with leading positions in its core electrical, hydraulic and aerospace market segments. An improvement in global market conditions should help boost the company’s bottom lines.

Eaton’s stable dividend program, which yields an impressive 3.6%, also makes the stock attractive. We are maintaining our Outperform rating on Eaton.

EATON CORP (ETN): Free Stock Analysis Report

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