Eaton Corporation PLC (ETN): Industrial's Starring Winner Of The Day

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.

Eaton Corporation ( ETN) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day up 0.6%. By the end of trading, Eaton Corporation rose $1.01 (1.7%) to $60.33 on average volume. Throughout the day, 2.7 million shares of Eaton Corporation exchanged hands as compared to its average daily volume of 3.5 million shares. The stock ranged in a price between $59.13-$60.34 after having opened the day at $59.31 as compared to the previous trading day's close of $59.32. Other companies within the Industrial industry that increased today were: JinkoSolar ( JKS), up 20.5%, Intellicheck Mobilisa ( IDN), up 11.4%, Hydrogenics Corporation ( HYGS), up 11.2%, and Ecotality ( ECTY), up 7.8%.
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Eaton Corporation plc operates as a diversified power management company worldwide. The company operates through Electrical Americas, Electrical Rest of World, Cooper, Hydraulics, Aerospace, Truck, and Automotive segments. Eaton Corporation has a market cap of $28.14 billion and is part of the industrial goods sector. The company has a P/E ratio of 17.2, below the S&P 500 P/E ratio of 17.7. Shares are up 9.5% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Eaton Corporation a buy, one analyst rates it a sell, and five 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 revenue growth, reasonable valuation levels, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. 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 industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

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