Shares of Ingersoll-Rand PLC (NYSE:IR) have earned an average recommendation of “Hold” from the eighteen ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $103.82.
Several equities research analysts have recently weighed in on IR shares. Stifel Nicolaus reiterated a “buy” rating and set a $106.00 price objective on shares of Ingersoll-Rand in a research report on Friday, February 16th. Argus increased their price objective on shares of Ingersoll-Rand to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. UBS started coverage on shares of Ingersoll-Rand in a research report on Monday, January 22nd. They set a “buy” rating and a $105.00 price objective for the company. Zacks Investment Research upgraded shares of Ingersoll-Rand from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research report on Monday, January 22nd. Finally, Citigroup decreased their price objective on shares of Ingersoll-Rand from $110.00 to $109.00 and set a “buy” rating for the company in a research report on Monday.
Shares of IR stock traded up $0.68 during trading hours on Wednesday, hitting $83.87. 312,693 shares of the company’s stock traded hands, compared to its average volume of 1,816,426. The company has a market capitalization of $20,788.29, a P/E ratio of 18.62, a PEG ratio of 1.53 and a beta of 1.34. Ingersoll-Rand has a 12 month low of $81.25 and a 12 month high of $97.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.95 and a current ratio of 1.27.
Ingersoll-Rand (NYSE:IR) last released its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.01). The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.52 billion. Ingersoll-Rand had a net margin of 9.17% and a return on equity of 16.91%. Ingersoll-Rand’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.84 EPS. sell-side analysts forecast that Ingersoll-Rand will post 5.16 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 8th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Thursday, June 7th. Ingersoll-Rand’s payout ratio is 39.91%.
In other Ingersoll-Rand news, insider Paul A. Camuti sold 1,678 shares of the firm’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $85.15, for a total value of $142,881.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jared L. Cohon sold 2,350 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.40, for a total transaction of $217,140.00. Following the completion of the sale, the director now owns 25,766 shares of the company’s stock, valued at $2,380,778.40. The disclosure for this sale can be found here. Insiders sold 69,872 shares of company stock valued at $6,305,659 over the last 90 days. Corporate insiders own 0.63% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of IR. Calton & Associates Inc. acquired a new position in shares of Ingersoll-Rand during the fourth quarter valued at about $112,000. Resources Investment Advisors Inc. grew its holdings in shares of Ingersoll-Rand by 218.6% during the fourth quarter. Resources Investment Advisors Inc. now owns 1,354 shares of the industrial products company’s stock valued at $122,000 after buying an additional 929 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of Ingersoll-Rand during the third quarter valued at about $152,000. Advisory Services Network LLC grew its holdings in shares of Ingersoll-Rand by 61.3% during the fourth quarter. Advisory Services Network LLC now owns 1,790 shares of the industrial products company’s stock valued at $160,000 after buying an additional 680 shares during the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new position in shares of Ingersoll-Rand during the third quarter valued at about $178,000. Hedge funds and other institutional investors own 80.78% of the company’s stock.
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Ingersoll-Rand 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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