Several other brokerages have also commented on IR. Jefferies Group LLC reissued a buy rating on shares of Ingersoll-Rand PLC (Ireland) in a report on Wednesday, January 25th. Credit Suisse Group reissued a buy rating and set a $84.00 price objective on shares of Ingersoll-Rand PLC (Ireland) in a research note on Sunday, February 5th. Zacks Investment Research raised Ingersoll-Rand PLC (Ireland) from a sell rating to a hold rating in a research note on Thursday, January 5th. Buckingham Research lowered Ingersoll-Rand PLC (Ireland) from a buy rating to a neutral rating in a research note on Wednesday, November 16th. Finally, Royal Bank Of Canada boosted their price objective on Ingersoll-Rand PLC (Ireland) from $74.00 to $76.00 and gave the stock a sector perform rating in a research note on Thursday, October 27th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $74.58.
Shares of Ingersoll-Rand PLC (NYSE:IR) opened at 81.19 on Friday. The company has a 50-day moving average of $77.87 and a 200-day moving average of $71.49. The stock has a market capitalization of $21.32 billion, a P/E ratio of 14.39 and a beta of 1.31. Ingersoll-Rand PLC has a 52 week low of $49.08 and a 52 week high of $81.99.
Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its quarterly earnings data on Wednesday, February 1st. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by $0.08. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.70% and a net margin of 10.93%. The firm earned $3.36 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the previous year, the business earned $0.94 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, analysts anticipate that Ingersoll-Rand PLC will post $4.47 EPS for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Wednesday, March 8th. Ingersoll-Rand PLC (Ireland)’s payout ratio is currently 28.42%.
In related news, EVP Didier P. Teirlinck sold 7,216 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $75.89, for a total value of $547,622.24. Following the transaction, the executive vice president now owns 110,695 shares in the company, valued at $8,400,643.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.65% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IR. Bailard Inc. raised its stake in shares of Ingersoll-Rand PLC (Ireland) by 15.8% in the second quarter. Bailard Inc. now owns 11,290 shares of the company’s stock worth $719,000 after buying an additional 1,542 shares during the last quarter. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Ingersoll-Rand PLC (Ireland) during the second quarter worth about $484,000. Airain ltd acquired a new stake in shares of Ingersoll-Rand PLC (Ireland) during the second quarter worth about $3,322,000. Wade G W & Inc. raised its stake in shares of Ingersoll-Rand PLC (Ireland) by 7.8% in the second quarter. Wade G W & Inc. now owns 4,847 shares of the company’s stock worth $309,000 after buying an additional 351 shares during the last quarter. Finally, Heritage Wealth Advisors raised its stake in shares of Ingersoll-Rand PLC (Ireland) by 5.7% in the second quarter. Heritage Wealth Advisors now owns 3,566 shares of the company’s stock worth $226,000 after buying an additional 191 shares during the last quarter. 82.76% of the stock is currently owned by 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.
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