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-0.000497976968565223 -0.000440917107583816 0.000274924784728692 0.000492789708475977 0.00181554103122728 -0.000259363004460955 -0.000259363004460955 -0.000259363004460955
Stock impact report

We are hiking our price target on Eaton as demand for AI computing power heats up [CNBC]

Honeywell International Inc. (HON) 
Last honeywell international inc. earnings: 5/1 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.honeywell.com
Company Research Source: CNBC
Why we own it: Eaton has exposure to several important mega-trends like electrification, energy transition, and infrastructure spending. It is also a player in generative AI, where data centers use its power management solutions to keep up with the heightened demand for more computing power. In North America alone, the company has picked up more than 415 projects valued at more than $1 billion each, $1.2 trillion in total, since January 2021. We see a long runway for growth. Competitors Parker-Hannifin DuPont and Honeywell Most recent buy Dec. 8, 2023 Initiated Nov. 15, 2023 Eaton is positioned to benefit from huge secular growth trends that need its power management solutions, including electrification and infrastructure spending. This quarter backed up that thesis. Sales, earnings, segment profit margin, and organic growth all came in ahead of expectations, despite some minor misses in certain operating segments. In addition to the strong headline results, Electrical Amer Show less Read more
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