Rockwell Automation Incorporated (ROK): Today's Featured Industrial Goods Leader

Rockwell Automation Incorporated ( ROK) pushed the Industrial Goods sector higher today making it today's featured industrial goods leader. The sector as a whole closed the day down 1.3%. By the end of trading, Rockwell Automation Incorporated rose 97 cents (1.5%) to $65.87 on heavy volume. Throughout the day, 2.6 million shares of Rockwell Automation Incorporated exchanged hands as compared to its average daily volume of 1.5 million shares. The stock ranged in a price between $63.21-$66.56 after having opened the day at $63.51 as compared to the previous trading day's close of $64.90. Other companies within the Industrial Goods sector that increased today were: GenCorp ( GY), up 12.3%, M.D.C. Holdings ( MDC), up 5.7%, Real Goods Solar ( RSOL), up 4.6%, and Sturm Ruger & Company ( RGR), up 3.9%.

Rockwell Automation, Inc. provides industrial automation power, control, and information solutions. It operates in two segments, Architecture and Software, and Control Products and Solutions. Rockwell Automation Incorporated has a market cap of $9.41 billion and is part of the industrial industry. The company has a P/E ratio of 13, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 11.5% year to date as of the close of trading on Friday. Currently there are five analysts that rate Rockwell Automation Incorporated a buy, no analysts rate it a sell, and six rate it a hold.

TheStreet Ratings rates Rockwell Automation Incorporated as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, Gafisa ( GFA), down 7.8%, Servotronics ( SVT), down 7.5%, Avalon Holdings ( AWX), down 6.5%, and Eastern ( EML), down 6%, were all laggards within the industrial goods sector with Northrop Grumman ( NOC) being today's industrial goods sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).
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