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 0.8%. By the end of trading, Eaton Corporation rose $0.90 (1.2%) to $76.67 on light volume. Throughout the day, 2,444,083 shares of Eaton Corporation exchanged hands as compared to its average daily volume of 3,269,200 shares. The stock ranged in a price between $75.70-$77.16 after having opened the day at $76.05 as compared to the previous trading day's close of $75.77. Other companies within the Industrial Goods sector that increased today were: UQM Technologies ( UQM), up 13.6%, Ballard Power Systems ( BLDP), up 8.5%, Astrotech Corporation ( ASTC), up 7.6% and CUI Global ( CUI), up 7.5%.

Eaton Corporation plc operates as a power management company worldwide. Eaton Corporation has a market cap of $35.8 billion and is part of the industrial industry. Shares are down 0.5% 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 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, 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, Intellicheck Mobilisa ( IDN), down 6.1%, China BAK Battery ( CBAK), down 5.4%, Acorn Energy ( ACFN), down 4.7% and Ultralife Batteries ( ULBI), down 3.7%.

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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