Ingersoll-Rand PLC (IR): Today's Featured Industrial 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 industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day down 2.0%. By the end of trading, Ingersoll-Rand fell $1.44 (-2.5%) to $56.49 on average volume. Throughout the day, 3,265,975 shares of Ingersoll-Rand exchanged hands as compared to its average daily volume of 2,567,000 shares. The stock ranged in price between $56.21-$58.55 after having opened the day at $58.21 as compared to the previous trading day's close of $57.93. Other companies within the Industrial industry that declined today were: Ocean Power Technologies ( OPTT), down 19.7%, Hydrogenics Corporation ( HYGS), down 10.6%, Clean Diesel Technologies ( CDTI), down 9.2% and Arotech Corporation ( ARTX), down 8.9%.

Ingersoll-Rand plc, together with its subsidiaries, designs, manufactures, sells, and services a portfolio of industrial and commercial products in the United States and internationally. It operates through Climate and Industrial segments. Ingersoll-Rand has a market cap of $16.1 billion and is part of the industrial goods sector. Shares are down 6.0% year to date as of the close of trading on Thursday. 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. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Altair Nanotechnologies ( ALTI), up 5.0%, GreenHunter Resources ( GRH), up 4.9%, Chicago Rivet & Machine ( CVR), up 3.7% and Metalico ( MEA), up 3.6% , were all gainers within the industrial industry with Allegheny Technologies ( ATI) being today's featured industrial industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

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