IR has been the subject of several other research reports. Jefferies Group reiterated a buy rating on shares of Ingersoll-Rand PLC in a research report on Thursday, July 28th. Zacks Investment Research cut Ingersoll-Rand PLC from a hold rating to a sell rating in a research report on Tuesday, September 27th. BMO Capital Markets began coverage on Ingersoll-Rand PLC in a research report on Wednesday, July 13th. They set an outperform rating and a $80.00 target price for the company. Credit Suisse Group AG reiterated a buy rating and set a $72.00 target price on shares of Ingersoll-Rand PLC in a research report on Sunday, July 10th. Finally, Stifel Nicolaus cut their target price on Ingersoll-Rand PLC from $77.00 to $75.00 and set a buy rating for the company in a research report on Thursday, July 28th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Ingersoll-Rand PLC currently has a consensus rating of Buy and a consensus target price of $68.00.
Shares of Ingersoll-Rand PLC (NYSE:IR) opened at 65.39 on Monday. Ingersoll-Rand PLC has a 12 month low of $47.08 and a 12 month high of $68.97. The firm has a 50-day moving average price of $66.35 and a 200 day moving average price of $65.48. The company has a market cap of $16.87 billion, a P/E ratio of 12.04 and a beta of 1.26.
Ingersoll-Rand PLC (NYSE:IR) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.30 by $0.08. Ingersoll-Rand PLC had a return on equity of 17.73% and a net margin of 10.71%. The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter last year, the company earned $1.20 earnings per share. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. Equities analysts predict that Ingersoll-Rand PLC will post $4.09 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 9th will be paid a dividend of $0.40 per share. This is a positive change from Ingersoll-Rand PLC’s previous quarterly dividend of $0.32. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Wednesday, December 7th. Ingersoll-Rand PLC’s dividend payout ratio (DPR) is currently 23.53%.
In related news, Director Richard J. Swift sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $67.99, for a total transaction of $142,779.00. Following the completion of the sale, the director now directly owns 66,648 shares of the company’s stock, valued at approximately $4,531,397.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Keith A. Sultana sold 3,071 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $68.81, for a total value of $211,315.51. Following the sale, the senior vice president now directly owns 10,698 shares of the company’s stock, valued at $736,129.38. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.
Several large investors have recently modified their holdings of the company. Springbok Capital Management LLC acquired a new stake in shares of Ingersoll-Rand PLC during the first quarter worth about $999,000. Nuveen Asset Management LLC raised its stake in shares of Ingersoll-Rand PLC by 319.7% in the first quarter. Nuveen Asset Management LLC now owns 75,802 shares of the company’s stock worth $4,700,000 after buying an additional 57,742 shares during the period. Wellington Management Group LLP raised its stake in shares of Ingersoll-Rand PLC by 38.0% in the first quarter. Wellington Management Group LLP now owns 1,552,665 shares of the company’s stock worth $96,281,000 after buying an additional 427,812 shares during the period. Geode Capital Management LLC raised its stake in shares of Ingersoll-Rand PLC by 0.3% in the first quarter. Geode Capital Management LLC now owns 2,093,664 shares of the company’s stock worth $129,566,000 after buying an additional 5,470 shares during the period. Finally, UBS Group AG raised its stake in shares of Ingersoll-Rand PLC by 9.5% in the first quarter. UBS Group AG now owns 780,103 shares of the company’s stock worth $48,375,000 after buying an additional 67,878 shares during the period. 80.96% of the stock is owned by hedge funds and other institutional investors.
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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