- Eaton outperformed revenue expectations and once again showed better-than-expected decremental margin performance.
- While there will be pressures in some areas of commercial construction, oil/gas, and aerospace, 2021 is looking good for Eaton, and Electrical should be a multiyear growth story.
- Eaton's valuation isn't great in absolute terms, but relative to other industrials, I believe opportunities in Electrical, M&A, and margins offer enough reasons to stay bullish.
For further details see:
Eaton Still Standing Out On Execution And Strong Electrical Drivers