The industrial goods sector closed the day up 2.4%. Real Goods Solar Inc ( RSOL), PGT Inc ( PGTI), Presstek Inc ( PRST), and Clean Diesel Technologies Inc ( CDTI) were all winners today within the industrial goods sector with Emerson Electric ( EMR) being today's featured industrial goods winner. Emerson Electric rose $1.17 (2.7%) to $44.44 on light volume. Throughout the day, 3.8 million shares of Emerson Electric exchanged hands as compared to its average daily volume of 7.5 million shares. Emerson Electric Co. operates as a diversified manufacturing and technology company. The company engages in appliance solutions, climate technologies, industrial automation, motor technology, network power, process management, professional tools, and storage solutions businesses. Emerson Electric has a market cap of $31.4 billion and is part of the industrial industry. The company has a P/E ratio of 19.2, above the average industrial industry P/E ratio of 13 and above the S&P 500 P/E ratio of 17.7. Shares are down 26.3% year to date as of the close of trading on Wednesday. TheStreet Ratings rates Emerson Electric as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
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