Ingersoll-Rand PLC (IR) Receives Average Recommendation of “Buy” from Analysts
Shares of Ingersoll-Rand PLC (NYSE:IR) have earned a consensus rating of “Buy” from the twenty ratings firms that are covering the firm. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $69.21.
A number of brokerages have recently commented on IR. Zacks Investment Research upgraded Ingersoll-Rand PLC from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a report on Friday. Stifel Nicolaus cut their price target on Ingersoll-Rand PLC from $77.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, July 28th. Jefferies Group reiterated a “buy” rating on shares of Ingersoll-Rand PLC in a report on Thursday, July 28th. Buckingham Research lowered Ingersoll-Rand PLC from a “buy” rating to a “neutral” rating in a report on Wednesday. Finally, Royal Bank Of Canada upped their price target on Ingersoll-Rand PLC from $74.00 to $76.00 and gave the stock a “sector perform” rating in a report on Thursday, October 27th.
Shares of Ingersoll-Rand PLC (NYSE:IR) opened at 74.46 on Monday. The company has a market capitalization of $19.24 billion, a PE ratio of 12.92 and a beta of 1.32. The company’s 50 day moving average is $67.52 and its 200-day moving average is $66.35. Ingersoll-Rand PLC has a 52 week low of $47.08 and a 52 week high of $75.90.
Ingersoll-Rand PLC (NYSE:IR) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.12. Ingersoll-Rand PLC had a return on equity of 17.70% and a net margin of 11.21%. The company earned $3.57 billion during the quarter, compared to analyst estimates of $3.55 billion. During the same period in the previous year, the company earned $1.21 earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, analysts expect that Ingersoll-Rand PLC will post $4.20 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. This is a boost from Ingersoll-Rand PLC’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, December 7th. Ingersoll-Rand PLC’s dividend payout ratio is 22.22%.
In other news, SVP Keith A. Sultana sold 3,071 shares of the stock in a transaction on Monday, August 29th. The stock was sold at an average price of $68.81, for a total transaction of $211,315.51. Following the sale, the senior vice president now owns 10,698 shares in the company, valued at $736,129.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Didier P. Teirlinck sold 28,117 shares of the stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $67.51, for a total value of $1,898,178.67. Following the sale, the executive vice president now owns 135,532 shares in the company, valued at approximately $9,149,765.32. The disclosure for this sale can be found here. 0.65% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the company. D.A. Davidson & CO. boosted its stake in shares of Ingersoll-Rand PLC by 1,613.4% in the third quarter. D.A. Davidson & CO. now owns 7,265 shares of the company’s stock valued at $493,000 after buying an additional 6,841 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Ingersoll-Rand PLC during the third quarter valued at approximately $187,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Ingersoll-Rand PLC by 5.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 493,050 shares of the company’s stock valued at $33,498,000 after buying an additional 23,810 shares during the last quarter. Credit Suisse AG boosted its stake in shares of Ingersoll-Rand PLC by 20.0% in the third quarter. Credit Suisse AG now owns 531,443 shares of the company’s stock valued at $36,107,000 after buying an additional 88,473 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Ingersoll-Rand PLC by 24.5% in the third quarter. Ameritas Investment Partners Inc. now owns 6,169 shares of the company’s stock valued at $419,000 after buying an additional 1,213 shares during the last quarter. Institutional investors own 81.71% of the company’s stock.
Ingersoll-Rand PLC Company Profile
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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