Ingersoll-Rand PLC (Ireland) (IR) Chairman Sells $18,583,646.24 in 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 stock was sold at an average price of $88.28, for a total transaction of $18,583,646.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Ingersoll-Rand PLC (NYSE IR) opened at $89.71 on Friday. Ingersoll-Rand PLC has a 1 year low of $74.35 and a 1 year high of $96.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 0.89. The company has a market cap of $22,585.56, a PE ratio of 22.37, a price-to-earnings-growth ratio of 1.94 and a beta of 1.35.

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

A number of large investors have recently modified their holdings of the business. Westfield Capital Management Co. LP purchased a new stake in shares of Ingersoll-Rand PLC (Ireland) during the second quarter worth approximately $100,929,000. Janus Henderson Group PLC increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 2,075.3% during the second quarter. Janus Henderson Group PLC now owns 716,452 shares of the industrial products company’s stock worth $65,477,000 after buying an additional 683,516 shares during the period. Prudential Financial Inc. increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 87.4% during the third 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 period. Alyeska Investment Group L.P. increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 123.9% during the third quarter. Alyeska Investment Group L.P. now owns 1,171,328 shares of the industrial products company’s stock worth $104,447,000 after buying an additional 648,196 shares during the period. Finally, APG Asset Management N.V. increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 83.0% during the third quarter. APG Asset Management N.V. now owns 1,418,049 shares of the industrial products company’s stock worth $126,447,000 after buying an additional 643,000 shares during the period. Institutional investors own 82.37% of the company’s stock.

Several research analysts have recently weighed in on the stock. KeyCorp reissued a “hold” rating on shares of Ingersoll-Rand PLC (Ireland) in a research report on Sunday, November 19th. Robert W. Baird reissued a “hold” rating on shares of Ingersoll-Rand PLC (Ireland) in a research report on Friday, November 17th. Morgan Stanley cut shares of Ingersoll-Rand PLC (Ireland) from an “overweight” rating to an “equal weight” rating and set a $98.00 price target on the stock. in a research report on Friday, October 27th. Royal Bank of Canada lowered their price target on shares of Ingersoll-Rand PLC (Ireland) from $93.00 to $91.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 26th. Finally, Stifel Nicolaus lowered their price target on shares of Ingersoll-Rand PLC (Ireland) from $103.00 to $101.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. Ingersoll-Rand PLC (Ireland) presently has an average rating of “Hold” and an average price target of $99.18.

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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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