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NEW YORK ( TheStreet) -- Ingersoll-Rand (NYSE: IR) hit a new 52-week high Thursday as it is currently trading at $59.40, above its previous 52-week high of $58.92 with 307,639 shares traded as of 10:05 a.m. ET. Average volume has been two million shares over the past 30 days. Ingersoll-Rand has a market cap of $17.34 billion and is part of the industrial goods sector and industrial industry. Shares are up 20.9% year to date as of the close of trading on Wednesday. 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.