Monesmith Heath B. sold $8.3M of ETN

Major US industrial firms like Caterpillar, Cummins, Eaton, and Ford are shifting focus to AI data center power equipment. Caterpillar's engine sales surpassed construction equipment revenue, investing $275M in expansion. Cummins saw record profits in Q1 2026 from data center backup power. Ford plans to supply EV batteries to data centers. Eaton's data center segment grew to 21% of revenue.

Eaton says it is expanding power-management via acquisitions tied to electrification and AI data centers. It bought Boyd Thermal for $9.55B in March 2026, adding liquid-cooling for a “grid-to-chip” offering. Eaton also acquired Fibrebond, NordicEPOD, Resilient Power, and Ultra PCS for $1.53B. 2025 sales rose 10% to $27.4B; Boyd boosted Q2 Electrical Global sales growth and segment profit.

NVIDIA (NVDA) outlined an 800 VDC power distribution architecture for AI data centers, aiming to reduce energy losses from AC-to-DC conversion. The company said it was developed with Microsoft (MSFT) and Alphabet (GOOGL) via the Open Compute Project. Eaton (ETN) and Vertiv (VRT) rose; Eaton has a $502 target from Evercore and raised 2028 EPS estimate to $20.29.

Eaton Corporation PLC shares hit an all-time high of $458.2 and traded near $457.69, according to Investing.com. The stock is up 25.44% over one year and nearly 41% YTD, and has raised its dividend for 16 straight years. Eaton reported Q2 2026 adjusted EPS of $3.15 on revenue of $8.5B, beat forecasts, and raised its full-year outlook. Analysts cited higher targets.

Eaton (NYSE:ETN) said the U.S. Air Force Research Laboratory awarded it a $7 million, 24-month contract to use quantum computing, machine learning, and advanced visualization to improve power grid resilience and protection. The work, with Infleqtion and Penn State, targets detection and response to multiple concurrent physical and cyber threats, addressing NERC N-2 contingency requirements.

GE Vernova reported Q2 2026 results with Power segment revenue of $5.50B, organic gas equipment order growth of 134%, and a $176B backlog. It targets at least 125 GW of gas equipment under contract by year-end 2026. Eaton reported Q2 2026 revenue of $8.531B, adjusted EPS of $3.15, and raised full-year guidance, citing ~65% data center revenue growth.