Ingersoll-Rand PLC (NYSE:IR) declared a quarterly dividend on Thursday, October 3rd, Zacks reports. Investors of record on Friday, December 6th will be paid a dividend of 0.53 per share by the industrial products company on Tuesday, December 31st. This represents a $2.12 annualized dividend and a yield of 1.64%. The ex-dividend date is Thursday, December 5th.
Shares of NYSE:IR opened at $129.29 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.28 and a debt-to-equity ratio of 0.68. The firm has a market cap of $31.41 billion, a P/E ratio of 23.05, a P/E/G ratio of 1.91 and a beta of 1.22. Ingersoll-Rand has a 12 month low of $85.15 and a 12 month high of $132.42. The company’s 50-day moving average price is $126.07 and its two-hundred day moving average price is $122.93.
Ingersoll-Rand (NYSE:IR) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.91 by $0.08. Ingersoll-Rand had a net margin of 8.38% and a return on equity of 21.72%. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the firm posted $1.75 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. As a group, equities analysts predict that Ingersoll-Rand will post 6.4 earnings per share for the current fiscal year.
In related news, SVP Keith A. Sultana sold 7,010 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $125.00, for a total value of $876,250.00. Following the sale, the senior vice president now directly owns 19,608 shares in the company, valued at $2,451,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Marcia J. Avedon sold 7,450 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $129.00, for a total value of $961,050.00. Following the completion of the sale, the senior vice president now owns 99,075 shares in the company, valued at $12,780,675. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by company insiders.
A number of analysts recently weighed in on IR shares. Cowen reissued a “buy” rating and issued a $131.00 price target on shares of Ingersoll-Rand in a report on Tuesday, October 29th. JPMorgan Chase & Co. dropped their price target on Ingersoll-Rand from $140.00 to $129.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Deutsche Bank downgraded Ingersoll-Rand from a “buy” rating to a “hold” rating and cut their price objective for the company from $137.00 to $135.00 in a report on Tuesday, October 29th. They noted that the move was a valuation call. ValuEngine upgraded Ingersoll-Rand from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets set a $145.00 target price on Ingersoll-Rand and gave the stock a “buy” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. Ingersoll-Rand presently has a consensus rating of “Buy” and a consensus price target of $135.25.
Ingersoll-Rand Plc designs, manufactures, sells, and services industrial and commercial products. The company operates through Climate and Industrial segments. The Climate segment offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality; industrial refrigeration; motor replacements; refrigerant reclamation; thermostats/controls; transport heater products; and water source heat pumps.
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