Eaton Corporation PLC (ETN): Today's Featured Industrial Goods Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Eaton Corporation ( ETN) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 1.2%. By the end of trading, Eaton Corporation rose $1.24 (1.7%) to $75.72 on average volume. Throughout the day, 3,582,117 shares of Eaton Corporation exchanged hands as compared to its average daily volume of 2,691,600 shares. The stock ranged in a price between $74.77-$76.22 after having opened the day at $74.83 as compared to the previous trading day's close of $74.48. Other companies within the Industrial Goods sector that increased today were: Intellicheck Mobilisa ( IDN), up 20.0%, Textron ( TXT), up 14.5%, Marine Products Corporation ( MPX), up 12.6% and ZBB Energy Corporation ( ZBB), up 12.1%.

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 $35.6 billion and is part of the industrial industry. The company has a P/E ratio of 22.7, above the S&P 500 P/E ratio of 17.7. Shares are up 37.5% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Eaton Corporation a buy, no analysts rate it a sell, and 4 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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Euro Tech Holdings Company ( CLWT), down 10.5%, THT Heat Transfer Technology ( THTI), down 8.8%, Clean Diesel Technologies ( CDTI), down 7.1% and Worthington Industries ( WOR), down 5.9% , were all laggards within the industrial goods sector with Allegheny Technologies ( ATI) being today's industrial goods sector laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

Fight Off Complacency: Cramer's 'Mad Money' Recap (Fri 9/15/17)

Cramer: Another Reason to Be Skeptical of the Government

The Industrial Renaissance Is Upon Us -- Jim Cramer Reveals How to Play It

Blue Apron, Philip Morris, Honeywell, Becton Dickinson: 'Mad Money' Lightning Round

Buy These High-Octane Stocks on a Dip: Cramer's 'Mad Money' Recap (Monday 8/7/17)