Highest Level of Cash in the Electrical Components & Equipment Industry Detected in Shares of ABB (ABB, EMR, ROK, AYI, ETN)
Below are the three companies in the Electrical Components & Equipment industry with the highest cash equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.
ABB ranks highest with a CE of $5,000. Emerson Electric is next with a CE of $3,000. Rockwell Automation ranks third highest with a CE of $2,000.
Acuity Brands follows with a CE of $757, and Eaton rounds out the top five with a CE of $568.
SmarTrend recommended that subscribers consider buying shares of Acuity Brands on February 17th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $191.54. Since that recommendation, shares of Acuity Brands have risen 28.8%. We continue to monitor Acuity Brands for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest level of cash Emerson Electric Rockwell Automation acuity brands Eaton