On September 4, Eaton Corp PLC rose 3.05% in regular trading, trading at 409.09 USD/share, with turnover of $174 million.

On the news front, Eaton Corp PLC recently announced an investment of more than $242 million to build a one-million-square-foot manufacturing facility in North Little Rock, Arkansas, expected to double US customized electrical enclosure capacity and create over 1,200 manufacturing, electrical, and operations jobs. The expansion targets surging demand from data centers, utilities, industrial, and digital communications markets.

The investment follows a strong Q2, in which Eaton Corp PLC reported adjusted EPS of $3.15 versus estimates of $3.07 and net sales of $8.53 billion versus estimates of $8.16 billion. Data center sales surged 65% year-over-year, backed by a $15 billion backlog in the North American electrical segment. The company also raised full-year adjusted EPS guidance to $13.40–$13.60. Multiple investment banks recently lifted price targets, with Morgan Stanley raising to $520, Argus to $528, and RBC to $512, all maintaining bullish ratings.

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