Ingersoll-Rand Reaches New 52-Week High (IR)

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 Tuesday as it is currently trading at $57.21, above its previous 52-week high of $57.14 with 607,005 shares traded as of 12:45 p.m. ET. Average volume has been two million shares over the past 30 days.

Ingersoll-Rand has a market cap of $16.85 billion and is part of the industrial goods sector and industrial industry. Shares are up 17.6% year to date as of the close of trading on Monday.

Ingersoll-Rand plc 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 17.1, below the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Ingersoll-Rand Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.
null

If you liked this article you might like

These Stocks Are Ready to Reverse Course

The Stock Market Is on Fire, Especially in These Sectors: Market Recon

Ingersoll-Rand Is on the Run

With Activist Investor Trian Lurking, Expect M&A Activity at General Electric Under New CEO Flannery

Ingersoll-Rand Continues to Run, but Ready to Rest