Eaton Corporation PLC (ETN): Today's Featured Industrial 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 industry higher today making it today's featured industrial winner. The industry as a whole closed the day up 0.9%. By the end of trading, Eaton Corporation rose $1.09 (1.6%) to $71.10 on heavy volume. Throughout the day, 4,603,414 shares of Eaton Corporation exchanged hands as compared to its average daily volume of 2,836,800 shares. The stock ranged in a price between $70.17-$71.38 after having opened the day at $70.41 as compared to the previous trading day's close of $70.01. Other companies within the Industrial industry that increased today were: Ocean Power Technologies ( OPTT), up 32.5%, Metalico ( MEA), up 9.5%, Energy Recovery ( ERII), up 7.5% and Gencor Industries ( GENC), up 7.2%.

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 $33.0 billion and is part of the industrial goods sector. Shares are down 8.0% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Eaton Corporation a buy, no analysts rate it a sell, and 5 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, increase in stock price during the past year, growth in earnings per share and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, Continental Materials Corporation ( CUO), down 11.3%, IntriCon Corporation ( IIN), down 7.6%, China Recycling Energy Corporation ( CREG), down 7.2% and John Bean Technologies Corporation ( JBT), down 4.8%.

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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