Eaton Corp., founded in 1919 to manufacture geared truck axles, is now a diversified power management company. It has five operating segments: Electrical Americas, Electrical Global, Aerospace, Vehicle, and eMobility. Its customers similarly span a wide range of industries, and sales are evenly split between the U.S. and abroad. As a result, Eaton has a balanced presence in early-, mid- and late-cycle sectors, as well as recession-resistant service capabilities. The company has 85,000 employees. The shares are a component of the S&P 500.
DFS, ROP, SAP, HON, SLB, VLO
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John EadePresident & Director of Portfolio Strategies