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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Ingersoll-Rand ( IR) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Ingersoll-Rand fell 69 cents (-1.5%) to $45.86 on average volume. Throughout the day, 2.6 million shares of Ingersoll-Rand exchanged hands as compared to its average daily volume of 2.7 million shares. The stock ranged in price between $45.81-$46.71 after having opened the day at $46.36 as compared to the previous trading day's close of $46.55. Other companies within the Industrial industry that declined today were: Adept Technology ( ADEP), down 24.1%, Intellicheck Mobilisa ( IDN), down 19.2%, Metalico ( MEA), down 9.5%, and Dixie Group ( DXYN), down 8.1%.
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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 $14.1 billion and is part of the industrial goods sector. The company has a P/E ratio of 14.3, below the S&P 500 P/E ratio of 17.7. Shares are up 53.7% year to date as of the close of trading on Thursday. Currently there are six analysts that rate Ingersoll-Rand a buy, one analyst rates it a sell, and nine 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 solid stock price performance, compelling growth in net income, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Hallwood Group ( HWG), up 68.6%, Renewable Energy Trade Board ( EBOD), up 11.7%, eMagin Corporation ( EMAN), up 8.7%, and Altair Nanotechnologies ( ALTI), up 7.4%, were all gainers within the industrial industry with Dover Corporation ( DOV) being today's featured industrial industry leader.

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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