Is Eaton Stock a Buy Now?
I own Eaton (NYSE: ETN) stock, and I have no intention of selling it. I'm going to follow Warren Buffett's advice and hold for the long term to benefit from the company's growth over time. But would I buy it now? The answer is likely no. Here's why.
Eaton is a more than 100-year-old industrial giant. With a market cap of more than $140 billion, it is one of the 10 largest publicly traded industrial companies on the planet. When it started out, it focused on the auto sector, making truck axles. Today, however, after decades of shifting its business with the world around it, Eaton's primary focus is on products that manage electricity.
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Source Fool.com
