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

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 lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 1.3%. By the end of trading, Ingersoll-Rand fell $0.92 (-1.5%) to $61.73 on average volume. Throughout the day, 2,266,686 shares of Ingersoll-Rand exchanged hands as compared to its average daily volume of 2,616,000 shares. The stock ranged in price between $61.63-$63.42 after having opened the day at $62.29 as compared to the previous trading day's close of $62.65. Other companies within the Industrial Goods sector that declined today were: Ply Gem Holdings ( PGEM), down 17.2%, Ideal Power ( IPWR), down 12.1%, Nuverra Environmental Solutions ( NES), down 10.8% and Hydrogenics Corporation ( HYGS), down 9.6%.

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. Ingersoll-Rand has a market cap of $17.9 billion and is part of the industrial industry. The company has a P/E ratio of 23.0, above the S&P 500 P/E ratio of 17.7. Shares are up 1.7% year to date as of the close of trading on Friday. Currently there are 4 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 revenue growth, reasonable valuation levels, expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Enpro Industries ( NPO), up 20.3%, Clean Diesel Technologies ( CDTI), up 15.5%, Research Frontiers ( REFR), up 12.7% and Dixie Group ( DXYN), up 11.2%.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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