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Cooper Industries: S&P Intraday Gainer

Stocks in this article: ^GSPC CBE

NEW YORK ( TheStreet) -- Cooper Industries (CBE) was the best-performing stock in the S&P 500 intraday Monday.

The S&P 500 was rising 8.5 points, or 0.66%, to 1,303.81.

Shares of Cooper Industries rose 26.15% to $70.44. Eaton (ETN) announced Monday it reached an agreement to buy Cooper for $11.8 billion, making it the biggest U.S. acquisition so far in 2012.

Shares of Cooper hit a 52-week high Monday of $71.37. The stock's 52-week low of $41.16 was set on Aug. 23.

Cooper trades at an estimated price-to-earnings ratio for next year of 14.22 times; the average for electrical components companies is 12.4. For comparison, Avnet (AVT) has a lower forward P/E of 6.48.

Eleven of the 21 analysts who cover Cooper Industries rated it buy; 10 analysts gave the stock a hold rating.

The stock has risen 29.31% year to date.

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-- Written by Alexandra Zendrian



>To contact the writer of this article, click here: Alexandra Zendrian

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