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SBGSY - Eaton Continues To Shift To A Steadier Higher-Growth Higher-Margin Model
Schneider Electric SE ADR
For a stock that many sell-side analysts have described as “controversial” or “a battleground”, Eaton (ETN) has continued to perform well. I’ve liked this stock for a while now, and it continues to outperform – up another 10% from my last article (beating its peer group by around 6%) and up closer to 30% over the last year (beating its peers by more than 10%). Now with the company announcing the sale of its Hydraulics business, there’s not much argument left that management is attuned to the need to craft a new model