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. NEW YORK ( TheStreet) -- Eaton Corporation (NYSE: ETN) is trading at unusually high volume Tuesday with 7.7 million shares changing hands. It is currently at 2.2 times its average daily volume and trading up $3.68 (+6.5%) at $60.26 as of 2:36 p.m. ET.
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Eaton has a market cap of $26.76 billion and is part of the industrial goods sector and industrial industry. Shares are up 4.4% year to date as of the close of trading on Monday. Eaton Corporation operates as a diversified power management company worldwide. The company has a P/E ratio of 14, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Eaton as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Eaton Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.