Ingersoll-Rand PLC (Ireland) (IR) Stock Rating Reaffirmed by Robert W. Baird

Robert W. Baird reissued their hold rating on shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) in a research note published on Friday.

Several other equities analysts also recently weighed in on IR. Zacks Investment Research downgraded shares of Ingersoll-Rand PLC (Ireland) from a buy rating to a hold rating in a report on Tuesday, August 1st. Stifel Nicolaus cut their price target on shares of Ingersoll-Rand PLC (Ireland) from $103.00 to $98.00 and set a buy rating on the stock in a report on Wednesday, September 13th. Bank of America Corporation downgraded shares of Ingersoll-Rand PLC (Ireland) from a buy rating to a neutral rating and set a $96.00 price target on the stock. in a report on Tuesday, October 17th. BidaskClub downgraded shares of Ingersoll-Rand PLC (Ireland) from a hold rating to a sell rating in a report on Thursday, July 27th. Finally, Jefferies Group LLC reiterated a buy rating and issued a $105.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $99.18.

Ingersoll-Rand PLC (NYSE:IR) opened at $84.73 on Friday. The company has a market cap of $21,268.76, a P/E ratio of 19.61, a P/E/G ratio of 2.05 and a beta of 1.37. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 0.89. Ingersoll-Rand PLC has a 1 year low of $74.02 and a 1 year high of $96.23.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.01. The firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.71 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 7.47% and a return on equity of 16.65%. Ingersoll-Rand PLC (Ireland)’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm posted $1.41 EPS. research analysts anticipate that Ingersoll-Rand PLC will post 4.51 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.12%. Ingersoll-Rand PLC (Ireland)’s payout ratio is 44.89%.

In related news, insider Marcia J. Avedon sold 10,460 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $94.00, for a total value of $983,240.00. Following the sale, the insider now owns 111,637 shares of the company’s stock, valued at approximately $10,493,878. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Paul A. Camuti sold 14,097 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $95.00, for a total transaction of $1,339,215.00. Following the completion of the sale, the senior vice president now directly owns 66,439 shares in the company, valued at approximately $6,311,705. The disclosure for this sale can be found here. 0.65% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in IR. Creative Planning grew its stake in Ingersoll-Rand PLC (Ireland) by 0.3% in the 2nd quarter. Creative Planning now owns 9,769 shares of the industrial products company’s stock valued at $893,000 after acquiring an additional 32 shares during the period. Fisher Asset Management LLC grew its stake in Ingersoll-Rand PLC (Ireland) by 376.7% in the 2nd quarter. Fisher Asset Management LLC now owns 12,460 shares of the industrial products company’s stock valued at $1,139,000 after acquiring an additional 9,846 shares during the period. LS Investment Advisors LLC grew its stake in Ingersoll-Rand PLC (Ireland) by 2.0% in the 2nd quarter. LS Investment Advisors LLC now owns 8,850 shares of the industrial products company’s stock valued at $809,000 after acquiring an additional 172 shares during the period. Nisa Investment Advisors LLC grew its stake in Ingersoll-Rand PLC (Ireland) by 15.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 43,190 shares of the industrial products company’s stock valued at $3,934,000 after acquiring an additional 5,650 shares during the period. Finally, Aperio Group LLC grew its stake in Ingersoll-Rand PLC (Ireland) by 11.3% in the 2nd quarter. Aperio Group LLC now owns 162,383 shares of the industrial products company’s stock valued at $14,840,000 after acquiring an additional 16,447 shares during the period. 81.65% of the stock is currently owned by hedge funds and other institutional investors.

About Ingersoll-Rand PLC (Ireland)

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.

Analyst Recommendations for Ingersoll-Rand PLC (Ireland) (NYSE:IR)

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