Doing Things Right at Eaton Corporation, PLC (ETN)

Linkage with Ford Motor Company (NYSE:F)’s MyEnergi Lifestyle

Toward this objective, this January Eaton joined Ford Motor Company (NYSE:F), SunPower Corporation (NASDAQ:SPWR), and Whirlpool Corporation (NYSE:WHR) in a collaborative program to develop technologies for smart home energy use. Essentially, these technologies will explore energy-source possibilities from the lineup of electric and electric hybrid vehicles that Ford is set to launch this year.

The Ford project, dubbed as MyEnergi Lifestyle, will attempt to bring renewable energy generation into American homes. It aims to optimize household energy use through “time-flexible” loads across a Ford plug-in vehicle and home appliances. The collaboration hopes to showcase how an average American home can substantially reduce not only electricity consumption and power costs, but also its carbon footprint.

Eaton at the End of the Day

The Cooper deal and the other acquisitions that Eaton completed in 2012 are bull factors for the company this year. Eaton expects these acquisitions to contribute $6 billion in revenues for 2013. The company estimates that its first quarter operating earnings this year will hover between $0.70 and $0.80 per share, and this forecast already includes the $0.06 charge to complete the inventory purchase price adjustment following the Cooper deal. Full year 2013 operating earnings per share, excluding an estimated $145 million cost of integrating the acquisitions, is forecast at between $4.05 and $4.45 per share. Overall, Eaton predicts that 2013 will be a banner year in terms of operating earnings per share, an expectation that certainly merits taking a position in this company.

The article Doing Things Right at Eaton originally appeared on Fool.com and is written by Renia Bula.

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