Insider Selling: Ingersoll-Rand PLC (IR) EVP Sells $636,300.00 in Stock
Ingersoll-Rand PLC (NYSE:IR) EVP Didier P. Teirlinck sold 9,090 shares of the business’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $70.00, for a total transaction of $636,300.00. Following the completion of the sale, the executive vice president now directly owns 116,709 shares of the company’s stock, valued at approximately $8,169,630. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Ingersoll-Rand PLC (NYSE:IR) opened at 75.72 on Friday. Ingersoll-Rand PLC has a 52 week low of $47.08 and a 52 week high of $75.90. The stock has a market capitalization of $19.56 billion, a price-to-earnings ratio of 13.14 and a beta of 1.32. The firm’s 50-day moving average is $67.25 and its 200-day moving average is $66.27.
Ingersoll-Rand PLC (NYSE:IR) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.12. The firm earned $3.57 billion during the quarter, compared to analysts’ expectations of $3.55 billion. Ingersoll-Rand PLC had a return on equity of 17.70% and a net margin of 11.21%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.21 EPS. On average, equities research analysts anticipate that Ingersoll-Rand PLC will post $4.20 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 9th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Wednesday, December 7th. This is a boost from Ingersoll-Rand PLC’s previous quarterly dividend of $0.32. Ingersoll-Rand PLC’s dividend payout ratio (DPR) is currently 22.22%.
A number of hedge funds have recently bought and sold shares of IR. Creative Planning boosted its stake in Ingersoll-Rand PLC by 0.7% in the third quarter. Creative Planning now owns 9,005 shares of the company’s stock worth $612,000 after buying an additional 61 shares in the last quarter. Moody Lynn & Lieberson LLC raised its stake in shares of Ingersoll-Rand PLC by 1.3% in the second quarter. Moody Lynn & Lieberson LLC now owns 5,827 shares of the company’s stock worth $371,000 after buying an additional 77 shares during the last quarter. First Allied Advisory Services Inc. raised its stake in shares of Ingersoll-Rand PLC by 1.3% in the second quarter. First Allied Advisory Services Inc. now owns 6,252 shares of the company’s stock worth $399,000 after buying an additional 78 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Ingersoll-Rand PLC by 0.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 19,893 shares of the company’s stock worth $1,266,000 after buying an additional 82 shares during the last quarter. Finally, Profund Advisors LLC raised its stake in shares of Ingersoll-Rand PLC by 1.3% in the third quarter. Profund Advisors LLC now owns 7,691 shares of the company’s stock worth $523,000 after buying an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 81.61% of the company’s stock.
Several brokerages have issued reports on IR. Zacks Investment Research raised shares of Ingersoll-Rand PLC from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research note on Wednesday. KeyCorp reaffirmed a “hold” rating on shares of Ingersoll-Rand PLC in a research note on Monday, October 10th. Royal Bank Of Canada lifted their target price on shares of Ingersoll-Rand PLC from $74.00 to $76.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 27th. Jefferies Group reaffirmed a “buy” rating on shares of Ingersoll-Rand PLC in a research note on Wednesday, August 3rd. Finally, Stifel Nicolaus lowered their target price on shares of Ingersoll-Rand PLC from $77.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, July 28th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $69.12.
About Ingersoll-Rand PLC
Ingersoll-Rand Public Limited Company provides products, services and solutions to improve the quality and comfort of air in homes and buildings, transport and protect food and perishables. The Company’s business segments include Climate and Industrial. It is engaged in the design, manufacture, sale and service of a portfolio of industrial and commercial products that include brand names, such as Ingersoll-Rand, Trane, American Standard, ARO and Club Car.
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