Cooper Industries PLC. (CBE): Today's Featured Conglomerates Winner

Cooper Industries ( CBE) pushed the Conglomerates sector higher today making it today's featured conglomerates winner. The sector as a whole closed the day up 0.5%. By the end of trading, Cooper Industries rose 40 cents (0.7%) to $62.03 on light volume. Throughout the day, 526,777 shares of Cooper Industries exchanged hands as compared to its average daily volume of 945,500 shares. The stock ranged in a price between $61.83-$62.44 after having opened the day at $62.24 as compared to the previous trading day's close of $61.63. Other companies within the Conglomerates sector that increased today were: Dow Chemical ( DOW), up 4% and Lydall ( LDL), up 2.7%.

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. Cooper Industries has a market cap of $9.72 billion and is part of the conglomerates industry. The company has a P/E ratio of 15.8, above the average conglomerates industry P/E ratio of 12.2 and below the S&P 500 P/E ratio of 17.7. Shares are up 13.8% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Cooper Industries a buy, no analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates Cooper Industries 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, impressive record of earnings per share growth, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the conglomerates sector could consider SPDR Trust Series one ( SPY) while those bearish on the conglomerates sector could consider ProShares Short S&P 500 ( SH).
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