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Stock impact report

This Industrial Giant Is Giving Up and That's a Good Thing [The Motley Fool]

Eaton Corporation, PLC Ordinary Shares (ETN) 
Last eaton corporation, plc ordinary shares earnings: 4/30 06:30 am Check Earnings Report
Company Research Source: The Motley Fool
There are times in life when you try to fix something you've owned for a long time, but it just can't be saved. That's exactly the situation in which Eaton Corp. ( NYSE:ETN A piece of the whole While not a household name like General Electric Image source: Getty Images. Eaton is now planning to sell its hydraulics division for $. billion. Notably, this group serves the heavy equipment industry. It's been a tough business since the deep 007 to 009 recession, when construction markets turned lower. Then, when commodity prices plunged in 0, the mining sector started to pull back, too, adding to the difficulties in the hydraulics space. Tough farm markets of late have been a drag, as well. The division has been in a funk for years at this point. The industrial giant did what it always does in these situations, it restructured operations. Cutting costs and trimming production, however, just didn't do enough to right the situation. The operating margin in the third quarter fell . percentage Show less Read more
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