Investors might do well to pay more attention to Eaton (NYSE: ETN). The power equipment maker, based in Ireland, generated a record $8.5 billion in sales in the second quarter, an increase of 21% year over year. Organic sales, which exclude acquisitions and currency fluctuations, grew 14%, while free cash flow jumped 22% to $874 million. The company's electrical equipment businesses are benefiting from surging demand for data centers, grid modernization, and power infrastructure. Unlike some companies riding the artificial intelligence boom, Eaton already has a profitable business with substantial orders and a growing backlog. With shares closing at $381.98 on Oct. 20, a $500 investment is enough to purchase one share and still have money left over. Here's why Eaton is my pick for investors looking to put $500 into an industrial stock today.
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