Ingersoll-Rand PLC (Ireland) (NYSE:IR) – Equities research analysts at KeyCorp boosted their FY2017 earnings per share (EPS) estimates for Ingersoll-Rand PLC (Ireland) in a research note issued to investors on Monday. KeyCorp analyst J. Hammond now anticipates that the industrial products company will earn $4.55 per share for the year, up from their previous forecast of $4.50. KeyCorp also issued estimates for Ingersoll-Rand PLC (Ireland)’s FY2018 earnings at $5.00 EPS.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.04. Ingersoll-Rand PLC (Ireland) had a net margin of 10.58% and a return on equity of 16.44%. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the business posted $0.50 EPS. Ingersoll-Rand PLC (Ireland)’s quarterly revenue was up 3.7% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: This piece was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of US & international copyright laws. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/08/08/fy2017-earnings-estimate-for-ingersoll-rand-plc-ireland-issued-by-keycorp-nyseir-updated-updated-updated.html.

Other analysts also recently issued reports about the stock. Stifel Nicolaus lifted their price objective on shares of Ingersoll-Rand PLC (Ireland) from $90.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, April 27th. Zacks Investment Research downgraded shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a report on Wednesday. BMO Capital Markets reiterated a “buy” rating and issued a $100.00 price objective on shares of Ingersoll-Rand PLC (Ireland) in a report on Tuesday, May 2nd. Wolfe Research assumed coverage on shares of Ingersoll-Rand PLC (Ireland) in a report on Tuesday. They issued a “market perform” rating on the stock. Finally, Royal Bank Of Canada lifted their price objective on shares of Ingersoll-Rand PLC (Ireland) from $83.00 to $85.00 and gave the company a “sector perform” rating in a report on Thursday, April 27th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $96.83.

Shares of Ingersoll-Rand PLC (NYSE:IR) traded down 0.83% on Wednesday, hitting $92.73. 260,460 shares of the stock traded hands. Ingersoll-Rand PLC has a 52 week low of $62.40 and a 52 week high of $93.80. The firm has a market capitalization of $23.74 billion, a PE ratio of 16.85 and a beta of 1.32. The firm’s 50 day moving average is $89.50 and its 200 day moving average is $82.84.

Institutional investors have recently modified their holdings of the company. Savant Capital LLC increased its position in shares of Ingersoll-Rand PLC (Ireland) by 0.6% in the first quarter. Savant Capital LLC now owns 2,767 shares of the industrial products company’s stock worth $225,000 after buying an additional 16 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its position in shares of Ingersoll-Rand PLC (Ireland) by 0.3% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 6,169 shares of the industrial products company’s stock worth $502,000 after buying an additional 17 shares during the last quarter. Zions Bancorporation increased its position in shares of Ingersoll-Rand PLC (Ireland) by 1.1% in the first quarter. Zions Bancorporation now owns 2,001 shares of the industrial products company’s stock worth $163,000 after buying an additional 22 shares during the last quarter. Creative Planning increased its position in shares of Ingersoll-Rand PLC (Ireland) by 0.3% in the second quarter. Creative Planning now owns 9,769 shares of the industrial products company’s stock worth $893,000 after buying an additional 32 shares during the last quarter. Finally, Cleararc Capital Inc. increased its position in shares of Ingersoll-Rand PLC (Ireland) by 0.9% in the first quarter. Cleararc Capital Inc. now owns 6,345 shares of the industrial products company’s stock worth $516,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

In related news, insider Paul A. Camuti sold 3,500 shares of the business’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $89.64, for a total transaction of $313,740.00. Following the transaction, the insider now directly owns 61,519 shares in the company, valued at $5,514,563.16. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Marcia J. Avedon sold 10,000 shares of the business’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $89.53, for a total transaction of $895,300.00. Following the transaction, the insider now owns 118,297 shares in the company, valued at $10,591,130.41. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,943 shares of company stock worth $1,967,606. 0.65% of the stock is owned by corporate insiders.

Ingersoll-Rand PLC (Ireland) 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.

Earnings History and Estimates for Ingersoll-Rand PLC (Ireland) (NYSE:IR)

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