Eaton Corp (ETN): Today's Featured Industrial Winner

Eaton ( ETN) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day up 0.4%. By the end of trading, Eaton rose 48 cents (1.3%) to $38.37 on light volume. Throughout the day, 3.4 million shares of Eaton exchanged hands as compared to its average daily volume of 5.2 million shares. The stock ranged in a price between $37.51-$38.68 after having opened the day at $38.19 as compared to the previous trading day's close of $37.89. Other companies within the Industrial industry that increased today were: Fuel Tech ( FTEK), up 17.9%, China Development Group Corporation ( CTDC), up 11.8%, Proto Labs ( PRLB), up 10.6%, and Franklin Electric ( FELE), up 6.8%.

Eaton Corporation operates as a diversified power management company worldwide. Eaton has a market cap of $12.86 billion and is part of the industrial goods sector. The company has a P/E ratio of 9.5, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 12.5% year to date as of the close of trading on Monday. 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 buy. 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.

On the negative front, Ecotality ( ECTY), down 10.3%, A123 Systems ( AONE), down 9.4%, Capstone Turbine Corporation ( CPST), down 4.6%, and Gencor Industries ( GENC), down 4.5%, were all losers within the industrial industry with Deere ( DE) being today's industrial industry loser.

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 ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).
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