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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Ingersoll-Rand ( IR) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole closed the day up 0.3%. By the end of trading, Ingersoll-Rand rose $0.61 (1.0%) to $61.16 on average volume. Throughout the day, 1,807,768 shares of Ingersoll-Rand exchanged hands as compared to its average daily volume of 1,967,300 shares. The stock ranged in a price between $60.28-$61.33 after having opened the day at $60.33 as compared to the previous trading day's close of $60.55. Other companies within the Industrial Goods sector that increased today were: Omega Flex ( OFLX), up 10.5%, FLIR Systems ( FLIR), up 9.7%, TriMas Corporation ( TRS), up 9.5% and Frontline ( FRO), up 8.4%.

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. Ingersoll-Rand has a market cap of $18.2 billion and is part of the industrial industry. Shares are up 27.2% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Ingersoll-Rand a buy, no analysts rate it a sell, and 10 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, 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.

On the negative front, PulteGroup ( PHM), down 10.3%, DR Horton ( DHI), down 8.6%, Ecotality ( ECTY), down 8.3% and M/I Homes ( MHO), down 7.2% , were all laggards within the industrial goods sector with Precision Castparts ( PCP) being today's industrial goods sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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