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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Rockwell Automation Incorporated ( ROK) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 1.6%. By the end of trading, Rockwell Automation Incorporated fell $2.43 (-3.4%) to $69.91 on average volume. Throughout the day, 1.5 million shares of Rockwell Automation Incorporated exchanged hands as compared to its average daily volume of 1.4 million shares. The stock ranged in price between $69.82-$72.31 after having opened the day at $72.12 as compared to the previous trading day's close of $72.34. Other companies within the Industrial Goods sector that declined today were: China Valves Technology ( CVVT), down 11.7%, Altair Nanotechnologies ( ALTI), down 10.7%, NF Energy Saving ( NFEC), down 9.8%, and Headwaters ( HW), down 9.5%.
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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 $10.14 billion and is part of the industrial industry. The company has a P/E ratio of 13.9, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 2.1% year to date as of the close of trading on Monday. Currently there are five analysts that rate Rockwell Automation Incorporated a buy, no analysts rate it a sell, and seven 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, solid stock price performance, growth in earnings per share, increase in net income and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

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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