Ingersoll-Rand PLC (IR): Today's Featured Industrial Goods Loser

Ingersoll-Rand ( IR) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods loser. The sector as a whole closed the day up 1.1%. By the end of trading, Ingersoll-Rand fell 44 cents (-1.1%) to $41.53 on average volume. Throughout the day, 3.1 million shares of Ingersoll-Rand exchanged hands as compared to its average daily volume of four million shares. The stock ranged in price between $41.41-$41.97 after having opened the day at $41.90 as compared to the previous trading day's close of $41.97. Other company's within the Industrial Goods sector that declined today were: Cleantech Solutions International ( CLNT), down 14.8%, LSB Industries ( LXU), down 9.5%, Kennametal ( KMT), down 7.8%, and Graco Incorporated ( GGG), down 7.1%.

Ingersoll-Rand Public Limited Company engages in the design, manufacture, sale, and service of a diverse portfolio of industrial and commercial products in the United States and internationally. Ingersoll-Rand has a market cap of $12.38 billion and is part of the industrial industry. The company has a P/E ratio of 36.1, above the average industrial industry P/E ratio of 26.9 and above the S&P 500 P/E ratio of 17.7. Shares are up 37.7% year to date as of the close of trading on Wednesday. Currently there are nine analysts that rate Ingersoll-Rand a buy, no analysts rate it a sell, and seven rate it a hold.

TheStreet Ratings rates Ingersoll-Rand as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Aerosonic Corporation ( AIM), up 32.8%, Patrick Industries ( PATK), up 28%, NF Energy Saving ( NFEC), up 20.7%, and Nobility Homes ( NOBH), up 17.3%, were all gainers within the industrial goods sector with Cummins ( CMI) being today's featured industrial goods sector winner.

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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