Michael W. Lamach Sells 210,508 Shares of Ingersoll-Rand PLC (Ireland) (IR) Stock

Ingersoll-Rand PLC (Ireland) (NYSE:IR) Chairman Michael W. Lamach sold 210,508 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $88.28, for a total value of $18,583,646.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Ingersoll-Rand PLC (IR) opened at $89.71 on Friday. The company has a market capitalization of $22,420.00, a PE ratio of 22.43, a price-to-earnings-growth ratio of 1.93 and a beta of 1.35. Ingersoll-Rand PLC has a one year low of $74.35 and a one year high of $96.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.89 and a current ratio of 1.24.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last issued its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.44 EPS for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.01. The company had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.71 billion. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.65% and a net margin of 7.47%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.41 earnings per share. sell-side analysts expect that Ingersoll-Rand PLC will post 4.51 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in shares of Ingersoll-Rand PLC (Ireland) during the third quarter worth about $3,576,000. Amalgamated Bank increased its position in shares of Ingersoll-Rand PLC (Ireland) by 56.9% during the second quarter. Amalgamated Bank now owns 29,501 shares of the industrial products company’s stock worth $2,696,000 after acquiring an additional 10,702 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Ingersoll-Rand PLC (Ireland) by 1,451.5% during the third quarter. Asset Management One Co. Ltd. now owns 407,780 shares of the industrial products company’s stock worth $36,362,000 after acquiring an additional 381,497 shares during the last quarter. RKL Wealth Management LLC increased its position in shares of Ingersoll-Rand PLC (Ireland) by 20.9% during the third quarter. RKL Wealth Management LLC now owns 11,966 shares of the industrial products company’s stock worth $1,069,000 after acquiring an additional 2,072 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Ingersoll-Rand PLC (Ireland) during the second quarter worth about $277,000. 82.37% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on IR shares. Stifel Nicolaus reduced their target price on Ingersoll-Rand PLC (Ireland) from $103.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Robert W. Baird restated a “hold” rating on shares of Ingersoll-Rand PLC (Ireland) in a research note on Friday, November 17th. JPMorgan Chase & Co. cut Ingersoll-Rand PLC (Ireland) from an “overweight” rating to a “neutral” rating in a research note on Wednesday, September 20th. Citigroup boosted their price objective on Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the stock a “buy” rating in a research note on Monday, October 9th. Finally, Zacks Investment Research cut Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $99.18.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Transcript Daily and is owned by of Transcript Daily. If you are viewing this news story on another site, it was illegally copied and republished in violation of international trademark and copyright laws. The correct version of this news story can be read at https://transcriptdaily.com/2018/01/06/michael-w-lamach-sells-210508-shares-of-ingersoll-rand-plc-ireland-ir-stock.html.

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.

Insider Buying and Selling by Quarter for Ingersoll-Rand PLC (Ireland) (NYSE:IR)

Receive News & Ratings for Ingersoll-Rand PLC (Ireland) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingersoll-Rand PLC (Ireland) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply