Ingersoll-Rand PLC (Ireland) (IR) Receives Average Rating of “Hold” from Brokerages

Ingersoll-Rand PLC (Ireland) (NYSE:IR) has been given an average rating of “Hold” by the eighteen ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $99.56.

Several analysts recently commented on IR shares. Stifel Nicolaus decreased their price target on Ingersoll-Rand PLC (Ireland) from $103.00 to $101.00 and set a “buy” rating on the stock in a research note on Thursday, October 26th. Robert W. Baird reaffirmed a “hold” rating on shares of Ingersoll-Rand PLC (Ireland) in a research note on Friday, November 17th. JPMorgan Chase & Co. lowered Ingersoll-Rand PLC (Ireland) from an “overweight” rating to a “neutral” rating in a research note on Wednesday, September 20th. Citigroup boosted their price target on Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Finally, Zacks Investment Research lowered Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th.

Shares of Ingersoll-Rand PLC (NYSE IR) traded down $0.61 during mid-day trading on Monday, reaching $89.77. The company had a trading volume of 1,303,700 shares, compared to its average volume of 1,735,416. The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.43. The firm has a market cap of $22,583.06, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 2.18 and a beta of 1.35. Ingersoll-Rand PLC has a twelve month low of $74.35 and a twelve month high of $96.23.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.01. The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.71 billion. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.65% and a net margin of 7.47%. Ingersoll-Rand PLC (Ireland)’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.41 EPS. research analysts anticipate that Ingersoll-Rand PLC will post 4.51 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Thursday, December 7th. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is currently 44.89%.

In other news, insider Marcia J. Avedon sold 10,460 shares of the business’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $94.00, for a total transaction of $983,240.00. Following the completion of the sale, the insider now owns 111,637 shares in the company, valued at $10,493,878. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Paul A. Camuti sold 14,097 shares of the business’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $95.00, for a total value of $1,339,215.00. Following the sale, the senior vice president now owns 66,439 shares of the company’s stock, valued at approximately $6,311,705. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in IR. Advisory Services Network LLC increased its holdings in Ingersoll-Rand PLC (Ireland) by 19.5% in the second quarter. Advisory Services Network LLC now owns 1,304 shares of the industrial products company’s stock valued at $119,000 after purchasing an additional 213 shares during the last quarter. Acrospire Investment Management LLC increased its holdings in Ingersoll-Rand PLC (Ireland) by 250.0% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the industrial products company’s stock valued at $128,000 after purchasing an additional 1,000 shares during the last quarter. Harfst & Associates Inc. increased its holdings in Ingersoll-Rand PLC (Ireland) by 43.9% in the second quarter. Harfst & Associates Inc. now owns 1,580 shares of the industrial products company’s stock valued at $144,000 after purchasing an additional 482 shares during the last quarter. Valeo Financial Advisors LLC bought a new stake in Ingersoll-Rand PLC (Ireland) in the third quarter valued at about $152,000. Finally, Bessemer Group Inc. increased its holdings in Ingersoll-Rand PLC (Ireland) by 185.5% in the third quarter. Bessemer Group Inc. now owns 1,967 shares of the industrial products company’s stock valued at $175,000 after purchasing an additional 1,278 shares during the last quarter. Institutional investors own 82.37% of the company’s stock.

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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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