Capital Goods/Industrials – Electrical Equipment & Multi-Industry: First

Scott Davis, who moved from Morgan Stanley to Barclays in September 2011, reclaims the pole position after a year in second place. “He knows his companies extremely well and does a great job of communicating with the buy side,” says one enthusiast. The 44-year-old, who tracks two dozen companies, relaunched coverage of Hubbell in October 2011 with an overweight rating, at $53.17, citing its rising green-­technology retro­fit business and low debt load. Shares of the Shelton, Connecticut–based supplier of industrial electronics soared 52 percent, to $80.82, and led the sector by 31 percentage points, through August. Davis also restarted coverage of Ireland’s Cooper Industries in October 2011 with an overweight rating, at $49.42, dubbing the maker of electronic tools a likely takeover target. In May industrial manufacturer Eaton Corp. of Cleveland announced plans to acquire Cooper, and by late August the stock had bolted 48 percent, to $73.15, and bested the sector by 28.7 percentage points. The deal is expected to close later this year.