NEW YORK (

TheStreet

) --

Cooper Industries

(NYSE:

CBE

) hit a new 52-week high Thursday as it is currently trading at $71.45, above its previous 52-week high of $71.37 with 2.9 million shares traded as of 3:50 p.m. ET. Average volume has been 1.5 million shares over the past 30 days.

Cooper has a market cap of $11.2 billion and is part of the

conglomerates

sector and

conglomerates

industry. Shares are up 30.1% year to date as of the close of trading on Wednesday.

Cooper Industries plc manufactures and sells electrical components and tools in the United States and internationally. It operates in two segments, Energy and Safety Solutions, and Electrical Products Group. The company has a P/E ratio of 17.9, equal to the average conglomerates industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Cooper as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Cooper Ratings Report

.

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