On September 11, Eaton Corp PLC rose 3.13% in regular trading, trading at $421.86 USD/share, with turnover of $39.58 million.
On the news front, Eaton Corp PLC recently announced a partnership with Autodesk aimed at simplifying and accelerating the delivery of increasingly complex electrical systems in commercial buildings. The collaboration integrates Eaton's deep expertise in electrical management with Autodesk's leading building information modeling and digital design tools, offering more efficient workflows and more predictable project outcomes for building developers, engineering contractors, and electrical designers.
The partnership announcement comes on the heels of UBS upgrading Eaton Corp PLC to Buy from Neutral on September 8, raising its price target to $515 from $450. UBS projects a 46% increase in earnings power over the next two years, modeling 18% annual EPS growth through 2028 driven by data center revenue and high-single-digit aerospace growth. Fundamentally, Q2 revenue of $8.53 billion beat expectations, data center sales surged 65% year-over-year, and the North American electrical segment backlog reached $15 billion, with full-year EPS guidance raised to $13.40–$13.60.
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