Eaton Corp 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 ( ETN) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day down 0.4%. By the end of trading, Eaton rose $0.99 (1.4%) to $73.14 on average volume. Throughout the day, 3,200,544 shares of Eaton exchanged hands as compared to its average daily volume of 3,222,500 shares. The stock ranged in a price between $72.11-$73.25 after having opened the day at $72.25 as compared to the previous trading day's close of $72.15. Other companies within the Industrial industry that increased today were: Research Frontiers ( REFR), up 5.0%, 3D Systems ( DDD), up 4.9%, Altair Nanotechnologies ( ALTI), up 4.8% and Hollysys Automation Technologies ( HOLI), up 4.4%.

Eaton Corporation plc operates as a power management company worldwide. Eaton has a market cap of $34.3 billion and is part of the industrial goods sector. The company has a P/E ratio of 18.8, above the S&P 500 P/E ratio of 17.7. Shares are down 5.2% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Eaton a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Eaton 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, Capstone Turbine ( CPST), down 13.6%, General Cable ( BGC), down 10.3%, Nacco Industries ( NC), down 9.0% and Intelligent Systems ( INS), down 6.3% , were all laggards within the industrial industry with Generac Holdings ( GNRC) being today's industrial industry laggard.

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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