Eaton Corp (ETN): Today's Featured Industrial Goods Loser
(
) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods loser. The sector as a whole closed the day down 0.5%. By the end of trading, Eaton fell 68 cents (-1.6%) to $42.66 on average volume. Throughout the day, 5.2 million shares of Eaton exchanged hands as compared to its average daily volume of 3.9 million shares. The stock ranged in price between $42.23-$43.50 after having opened the day at $43.26 as compared to the previous trading day's close of $43.34. Other company's within the Industrial Goods sector that declined today were:
(
), down 10.5%,
(
), down 10.3%,
(
), down 10.1%, and
TheStreet Recommends
(
), down 8.2%.
Eaton Corporation operates as a diversified power management company worldwide. Eaton has a market cap of $14.78 billion and is part of the
industry. The company has a P/E ratio of 10.9, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 0.6% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Eaton a buy, one analyst rates it a sell, and two rate it a hold.
TheStreet Ratings rates Eaton as a
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full Eaton Ratings Report.
On the positive front,
(
), up 11.6%,
(
), up 10.4%,
Integrated Electrical Services
(
), up 9.2%, and
(
), up 8.5%, were all gainers within the industrial goods sector with
(
) being today's featured industrial goods sector winner.
- Use our industrial goods section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider
(
) while those bearish on the industrial goods sector could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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