Ingersoll-Rand PLC (NYSE:IR) was upgraded by equities research analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday, The Fly reports.
Several other analysts have also commented on IR. Zacks Investment Research lowered Ingersoll-Rand PLC from a “buy” rating to a “hold” rating in a research note on Monday, November 21st. Jefferies Group LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Ingersoll-Rand PLC in a research report on Wednesday, December 21st. Credit Suisse Group AG reiterated a “buy” rating and issued a $84.00 price objective on shares of Ingersoll-Rand PLC in a research report on Sunday, February 5th. Finally, Evercore ISI downgraded Ingersoll-Rand PLC from a “buy” rating to a “hold” rating in a research report on Friday, February 10th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $75.18.
Ingersoll-Rand PLC (NYSE:IR) opened at 80.99 on Monday. The stock’s 50 day moving average price is $80.21 and its 200-day moving average price is $73.78. Ingersoll-Rand PLC has a one year low of $59.10 and a one year high of $82.17. The firm has a market capitalization of $21.02 billion, a price-to-earnings ratio of 14.34 and a beta of 1.31.
Ingersoll-Rand PLC (NYSE:IR) last announced its quarterly earnings results on Wednesday, February 1st. The company reported $0.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by $0.08. The company earned $3.36 billion during the quarter, compared to analyst estimates of $3.35 billion. Ingersoll-Rand PLC had a net margin of 10.93% and a return on equity of 16.70%. Ingersoll-Rand PLC’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 EPS. On average, equities research analysts anticipate that Ingersoll-Rand PLC will post $4.47 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $1.60 annualized dividend and a yield of 1.98%. Ingersoll-Rand PLC’s dividend payout ratio (DPR) is presently 28.42%.
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In other Ingersoll-Rand PLC news, insider Keith A. Sultana sold 1,046 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $79.95, for a total value of $83,627.70. Following the sale, the insider now owns 10,573 shares in the company, valued at $845,311.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Marcia J. Avedon sold 15,860 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $81.56, for a total value of $1,293,541.60. Following the completion of the sale, the insider now owns 115,797 shares in the company, valued at approximately $9,444,403.32. The disclosure for this sale can be found here. Insiders have sold 26,541 shares of company stock valued at $2,159,114 over the last three months. Insiders own 0.65% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in IR. Burney Co. raised its position in shares of Ingersoll-Rand PLC by 0.3% in the fourth quarter. Burney Co. now owns 8,341 shares of the company’s stock worth $626,000 after buying an additional 25 shares during the period. Creative Planning raised its position in shares of Ingersoll-Rand PLC by 0.7% in the third quarter. Creative Planning now owns 9,005 shares of the company’s stock worth $612,000 after buying an additional 61 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Ingersoll-Rand PLC by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,809 shares of the company’s stock worth $1,111,000 after buying an additional 74 shares during the period. Profund Advisors LLC raised its position in shares of Ingersoll-Rand PLC by 1.3% in the third quarter. Profund Advisors LLC now owns 7,691 shares of the company’s stock worth $523,000 after buying an additional 98 shares during the period. Finally, Fernwood Investment Management LLC raised its position in shares of Ingersoll-Rand PLC by 1.3% in the third quarter. Fernwood Investment Management LLC now owns 7,522 shares of the company’s stock worth $511,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 82.76% of the company’s stock.
Ingersoll-Rand PLC 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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