Back to top

Analyst Blog

Eaton Corporation (ETN - Analyst Report) said that its products will be installed in the world’s largest mobile cone-type rock crusher, the TC1885C mobile crusher. Brightwater Manufacturing Ltd. of Christchurch, New Zealand, has selected Eaton’s products for its TC1885C mobile crusher, which is used in rock quarries.

Installations in the 140-ton rock crusher machine include Eaton’s heavy-duty Series 1 pumps, Vickers screw-in cartridge valves, and Aeroquip hose and fittings for fluid conveyance. Furthermore, the rock crusher also installs a sophisticated control system equipped with Eaton’s comprehensive F(x) electrohydraulic architecture, adding new capabilities to the Brightwater rock crushers.

These installations in the crusher are further accompanied by Eaton’s controllers that help in bringing diagnostic information from the TC1885C engine’s CAN network, enabling Eaton’s CONTROL (F)x programming software to monitor and protect the engine and hydraulics, plus ensure operator safety.

These controllers added to Eaton’s product line-up have enabled Brightwater to choose from standardized Eaton components and also make Eaton its single-source hydraulics provider.

The hydraulic system was designed and supplied by Scarlett Hydraulics Ltd., New Zealand’s largest full line Eaton distributor.

Eaton’s Hydraulics business is a worldwide leader in the design, manufacture and marketing of a comprehensive line of reliable, high-efficiency hydraulic systems and components for use in mobile and stationary applications.

Second quarter 2011 results at Eaton’s Hydraulics business segment impressed with sales rising 28% over the prior year to $728 million. Operating profits came in at $120 million, up 56% from the corresponding quarter last year. Hydraulics markets grew 18%. Segment bookings increased 20% in the second quarter.

Cleveland, Ohio-based diversified power management company Eaton Corporation is a leading supplier of power accessories in the aerospace and automotive industries and has customers spanning 150 countries. Eaton has 70,000 employees and reported sales of $13.7 billion in 2010.

Eaton Corporation currently retains a Zacks #2 Rank (short-term Buy rating). We maintain our long-term Outperform rating on the stock. The company competes with ITT Corporation (ITT) and Parker Hannifin Corporation (PH - Analyst Report).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
RPC INC RES 24.91 +8.35%
LITHIA MOTO… LAD 94.59 +4.60%
DELTA AIR L… DAL 39.15 +3.90%
FLAMEL TECH… FLML 14.51 +3.50%
SOUTHWEST A… LUV 28.87 +2.92%