- Eaton is a blue-chip industrial powerhouse with a recently transformed portfolio to capture exposure to secular growth trends; namely EVs and smart grid infrastructure.
- Brightlayer is Eaton's digital platform that will help key industries solve complex power management challenges.
- The company exhibits a strong track record of margin and free cash flow growth, with management forecasting further expansion ahead.
- Eaton should be a beneficiary of the proposed American Jobs Plan through the build out of EV charging stations and overall EV adoption.
- We recently initiated a position in Eaton and plan to increase our position on a pullback around the $120 level.
For further details see:
Eaton: The Future Looks Bright