Ingersoll-Rand PLC (Ireland) (IR) Given Average Rating of “Hold” by Analysts

Ingersoll-Rand PLC (Ireland) (NYSE:IR) has been given a consensus recommendation of “Hold” by the fifteen analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $99.43.

Several equities analysts have issued reports on IR shares. UBS AG set a $97.00 price objective on shares of Ingersoll-Rand PLC (Ireland) and gave the company a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research raised shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Friday, May 26th. Credit Suisse Group reaffirmed a “buy” rating and set a $105.00 price objective on shares of Ingersoll-Rand PLC (Ireland) in a report on Tuesday, July 11th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a report on Thursday, August 24th. Finally, ValuEngine raised shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th.

Shares of Ingersoll-Rand PLC (IR) traded down 0.64% during mid-day trading on Friday, reaching $89.44. 2,448,987 shares of the company’s stock were exchanged. The stock has a market capitalization of $22.69 billion, a PE ratio of 22.20 and a beta of 1.30. Ingersoll-Rand PLC has a 1-year low of $63.67 and a 1-year high of $94.39. The company’s 50 day moving average is $86.45 and its 200 day moving average is $86.60.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.03. The business had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.78 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 7.60% and a return on equity of 16.64%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $1.38 earnings per share. Equities research analysts anticipate that Ingersoll-Rand PLC will post $4.54 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.01%. This is a boost from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, September 7th. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is 44.78%.

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In related news, Director Richard J. Swift sold 2,500 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $88.03, for a total transaction of $220,075.00. Following the completion of the sale, the director now directly owns 65,932 shares in the company, valued at $5,803,993.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Didier P. Teirlinck sold 26,174 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $86.10, for a total transaction of $2,253,581.40. Following the sale, the executive vice president now owns 131,129 shares of the company’s stock, valued at $11,290,206.90. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in IR. Advisory Services Network LLC increased its position in Ingersoll-Rand PLC (Ireland) by 19.5% during the second quarter. Advisory Services Network LLC now owns 1,304 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 213 shares during the last quarter. Israel Discount Bank of New York acquired a new stake in Ingersoll-Rand PLC (Ireland) during the first quarter worth about $126,000. Acrospire Investment Management LLC increased its position in Ingersoll-Rand PLC (Ireland) by 250.0% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the industrial products company’s stock worth $128,000 after purchasing an additional 1,000 shares during the last quarter. Harfst & Associates Inc. increased its position in Ingersoll-Rand PLC (Ireland) by 43.9% during the second quarter. Harfst & Associates Inc. now owns 1,580 shares of the industrial products company’s stock worth $144,000 after purchasing an additional 482 shares during the last quarter. Finally, Zions Bancorporation increased its position in Ingersoll-Rand PLC (Ireland) by 1.1% during the first quarter. Zions Bancorporation now owns 2,001 shares of the industrial products company’s stock worth $163,000 after purchasing an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 80.58% of the company’s stock.

Ingersoll-Rand PLC (Ireland) 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.

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

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