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

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 higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 1.1%. By the end of trading, Rockwell Automation Incorporated rose $1.35 (1.5%) to $90.06 on average volume. Throughout the day, 934,805 shares of Rockwell Automation Incorporated exchanged hands as compared to its average daily volume of one million shares. The stock ranged in a price between $89.28-$90.48 after having opened the day at $89.28 as compared to the previous trading day's close of $88.71. Other companies within the Industrial Goods sector that increased today were: Ecotality ( ECTY), up 15.9%, Barnes Group ( B), up 14.8%, Bonso Electronics International ( BNSO), up 10%, and Calgon Carbon Corporation ( CCC), up 8.7%.
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Rockwell Automation, Inc. provides industrial automation power, control, and information solutions. It operates in two segments, Architecture & Software and Control Products & Solutions. Rockwell Automation Incorporated has a market cap of $12.52 billion and is part of the industrial industry. The company has a P/E ratio of 17.9, above the S&P 500 P/E ratio of 17.7. Shares are up 6.6% year to date as of the close of trading on Thursday. Currently there are six analysts that rate Rockwell Automation Incorporated a buy, one analyst rates 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, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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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