Ingersoll-Rand PLC (NYSE:IR) insider Marcia J. Avedon sold 7,560 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $90.29, for a total transaction of $682,592.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Ingersoll-Rand PLC (NYSE IR) opened at $90.15 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 0.95. The stock has a market capitalization of $22,527.49, a PE ratio of 19.94, a PEG ratio of 1.93 and a beta of 1.33. Ingersoll-Rand PLC has a 52-week low of $77.26 and a 52-week high of $97.67.
Ingersoll-Rand (NYSE:IR) last posted its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.01). Ingersoll-Rand had a return on equity of 16.91% and a net margin of 9.17%. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same period in the prior year, the firm earned $0.84 EPS. Ingersoll-Rand’s revenue for the quarter was up 7.7% compared to the same quarter last year. research analysts expect that Ingersoll-Rand PLC will post 5.17 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Thursday, March 8th. Ingersoll-Rand’s dividend payout ratio (DPR) is 35.50%.
Large investors have recently modified their holdings of the business. Quantbot Technologies LP purchased a new position in Ingersoll-Rand in the 3rd quarter worth about $3,576,000. Prudential Financial Inc. raised its position in Ingersoll-Rand by 87.4% in the 3rd quarter. Prudential Financial Inc. now owns 1,429,458 shares of the industrial products company’s stock worth $127,465,000 after buying an additional 666,550 shares during the last quarter. Asset Management One Co. Ltd. raised its position in Ingersoll-Rand by 1,451.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 407,780 shares of the industrial products company’s stock worth $36,362,000 after buying an additional 381,497 shares during the last quarter. RKL Wealth Management LLC raised its position in Ingersoll-Rand by 20.9% in the 3rd quarter. RKL Wealth Management LLC now owns 11,966 shares of the industrial products company’s stock worth $1,069,000 after buying an additional 2,072 shares during the last quarter. Finally, State of Wisconsin Investment Board raised its position in Ingersoll-Rand by 5.5% in the 3rd quarter. State of Wisconsin Investment Board now owns 226,326 shares of the industrial products company’s stock worth $20,181,000 after buying an additional 11,824 shares during the last quarter. 78.90% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently commented on IR shares. Stifel Nicolaus restated a “buy” rating and set a $106.00 target price on shares of Ingersoll-Rand in a report on Friday, February 16th. Argus boosted their target price on shares of Ingersoll-Rand to $105.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. UBS Group assumed coverage on shares of Ingersoll-Rand in a report on Monday, January 22nd. They set a “buy” rating and a $105.00 target price on the stock. Zacks Investment Research raised Ingersoll-Rand from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research report on Monday, January 22nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Ingersoll-Rand in a research report on Sunday, November 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $103.08.
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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