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) -- The ex-dividend date for Eaton Corporation (NYSE: ETN) is tomorrow, May 2, 2013. Owners of shares as of market close today will be eligible for a dividend of 42 cents per share. At a price of $60.87 as of 9:31 a.m. ET, the dividend yield is 2.8%. The average volume for Eaton has been 3.7 million shares per day over the past 30 days. Eaton has a market cap of $28.49 billion and is part of the industrial goods sector and industrial industry. Shares are up 13.3% year to date as of the close of trading on Tuesday. 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. The company has a P/E ratio of 17.8, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Eaton 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. You can view the full Eaton Ratings Report. See our dividend calendar or top-yielding stocks list. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.