Ingersoll-Rand ( IR) pushed the Industrial industry lower today making it today's featured Industrial loser. The industry as a whole closed the day down 2.6%. By the end of trading, Ingersoll-Rand fell $1.21 (-3.7%) to $31.13 on average volume. Throughout the day, 5.7 million shares of Ingersoll-Rand exchanged hands as compared to its average daily volume of 7.1 million shares. The stock ranged in price between $31.01-$31.84 after having opened the day at $31.64 as compared to the previous trading day's close of $32.34. Other company's within the Industrial industry that declined today were: Mueller Water Products Inc ( MWA), down 10.7%, Omega Flex Inc ( OFLX), down 10.7%, Skullcandy Inc ( SKUL), down 9.8%, and Exide Technologies Inc ( XIDE), down 9.1%. Ingersoll-Rand Plc engages in the design, manufacture, sale, and service of a portfolio of industrial and commercial products in the United States and internationally. Ingersoll-Rand has a market cap of $9.8 billion and is part of the industrial goods sector. The company has a P/E ratio of 11.4, below the average industrial industry P/E ratio of 32.5 and below the S&P 500 P/E ratio of 17.7. Shares are down 33.1% year to date as of the close of trading on Friday. TheStreet Ratings rates Ingersoll-Rand as a hold. Among the primary strengths of the company is its revenue growth. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and poor profit margins.
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