1. As of noon trading, Eaton Corporation ( ETN) is up $0.27 (0.5%) to $51.45 on light volume Thus far, 1.3 million shares of Eaton Corporation exchanged hands as compared to its average daily volume of 4.1 million shares. The stock has ranged in price between $50.74-$51.48 after having opened the day at $51.11 as compared to the previous trading day's close of $51.18.

Eaton Corporation operates as a diversified power management company worldwide. Eaton Corporation has a market cap of $17.3 billion and is part of the industrial industry. The company has a P/E ratio of 12.4, below the S&P 500 P/E ratio of 17.7. Shares are up 17.6% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Eaton Corporation a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Eaton Corporation 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 solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Eaton Corporation Ratings Report now.

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If you are interested in one of these 5 stocks, 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).

A reminder about TheStreet Ratings group: 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.

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