2. As of noon trading, Eaton ( ETN) is up $0.94 (1.9%) to $50.14 on light volume Thus far, 2.8 million shares of Eaton exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $48.84-$50.37 after having opened the day at $48.98 as compared to the previous trading day's close of $49.20. Eaton Corporation operates as a diversified power management company worldwide. Eaton has a market cap of $16.8 billion and is part of the industrial goods sector. The company has a P/E ratio of 12.0, below the S&P 500 P/E ratio of 17.7. Shares are up 13.0% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Eaton a buy, 1 analyst rates it a sell, and 3 rate it a hold. TheStreet Ratings rates Eaton as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Eaton Ratings Report now.