This Industrial Giant Sees Big Growth Ahead
Eaton Corp (NYSE: ETN) has a 100-year-plus history behind it, with a strong track record of shifting its business to keep up with the world around it. It started as an auto parts supplier and now makes the majority of its revenue from electrical products. This puts it in a strong position to benefit, given the increasing importance of efficiently managing power.
Here are some hard numbers to back up that assertion.
In late 2012, Eaton completed the purchase of Cooper Industries. It was the company's largest acquisition to that point, at roughly $13 billion. This ushered in a time of major change for Eaton, which was trying to shift more of its business toward electrical parts and components. Since then, the company sold off a number of businesses, including its hydraulics operations, to better position itself for growth.
Source Fool.com
Cooper Companies Inc. Aktie
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