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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. NEW YORK ( TheStreet) -- Ingersoll-Rand (NYSE: IR) hit a new 52-week high Wednesday as it is currently trading at $56.22, above its previous 52-week high of $55.85 with 275,953 shares traded as of 9:46 a.m. ET. Average volume has been 1.8 million shares over the past 30 days. Ingersoll-Rand has a market cap of $16.31 billion and is part of the industrial goods sector and industrial industry. Shares are up 14.9% year to date as of the close of trading on Tuesday. 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. The company has a P/E ratio of 16.7, below the S&P 500 P/E ratio of 17.7.