Eaton Corp (ETN): Today's Featured Industrial Winner
(
) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole was unchanged today. By the end of trading, Eaton rose 59 cents (1.4%) to $43.50 on average volume. Throughout the day, 5.3 million shares of Eaton exchanged hands as compared to its average daily volume of 3.7 million shares. The stock ranged in a price between $42.70-$43.50 after having opened the day at $43.14 as compared to the previous trading day's close of $42.91. Other companies within the Industrial industry that increased today were:
(
), up 11.9%,
Asia Pacific Wire & Cable Corp
(
), up 11.4%,
(
), up 10.7%, and
(
), up 9.7%.
Eaton Corporation operates as a diversified power management company worldwide. Eaton has a market cap of $14.36 billion and is part of the
sector. The company has a P/E ratio of 10.6, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 2% 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 negative front,
(
), down 8.3%,
(
), down 8.3%,
(
), down 6.7%, and
(
), down 6.6%, were all losers within the industrial industry with
(
) being today's industrial industry loser.
- Use our industrial section to find industry-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 industry could consider
SPDR Dow Jones Industrial Average
(
) while those bearish on the industrial industry could consider
ProShares UltraShort Industrials
(
).
- Find other investment ideas from our top rated ETFs lists.
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