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

NEW YORK ( TheStreet) -- Ingersoll-Rand (NYSE: IR) hit a new 52-week high Thursday as it is currently trading at $59.63, above its previous 52-week high of $59.58 with 285,756 shares traded as of 10:55 a.m. ET. Average volume has been two million shares over the past 30 days.

Ingersoll-Rand has a market cap of $17.39 billion and is part of the industrial goods sector and industrial industry. Shares are up 22.5% 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.

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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.

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