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 0.7%. By the end of trading, Eaton Corporation rose $1.43 (1.9%) to $75.34 on average volume. Throughout the day, 3,201,582 shares of Eaton Corporation exchanged hands as compared to its average daily volume of 3,141,500 shares. The stock ranged in a price between $74.03-$75.38 after having opened the day at $74.08 as compared to the previous trading day's close of $73.91. Other companies within the Industrial Goods sector that increased today were: Energy Recovery ( ERII), up 36.6%, Integrated Electrical Services ( IESC), up 12.9%, CECO Environmental ( CECE), up 12.5% and Intellicheck Mobilisa ( IDN), 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 $35.1 billion and is part of the industrial industry. Shares are down 2.9% year to date as of the close of trading on Wednesday. Currently there are 13 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, ZBB Energy Corporation ( ZBB), down 13.3%, Altair Nanotechnologies ( ALTI), down 7.0%, Ballard Power Systems ( BLDP), down 5.2% and China Recycling Energy Corporation ( CREG), down 4.8% , were all laggards within the industrial goods sector with Ryland Group ( RYL) 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).

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