Ingersoll-Rand PLC (NYSE:IR) Director Jared L. Cohon sold 2,350 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.40, for a total value of $217,140.00. Following the completion of the sale, the director now owns 25,766 shares in the company, valued at approximately $2,380,778.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Ingersoll-Rand PLC (NYSE IR) traded up $1.56 during trading on Friday, hitting $89.16. The stock had a trading volume of 2,351,736 shares, compared to its average volume of 2,014,487. The stock has a market capitalization of $21,888.43, a price-to-earnings ratio of 17.59, a P/E/G ratio of 1.88 and a beta of 1.33. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.95 and a current ratio of 1.27. Ingersoll-Rand PLC has a 1 year low of $77.26 and a 1 year high of $97.67.
Ingersoll-Rand (NYSE:IR) last announced its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $1.02 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.01). The firm had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.52 billion. Ingersoll-Rand had a net margin of 9.17% and a return on equity of 16.91%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.84 EPS. research analysts forecast that Ingersoll-Rand PLC will post 5.17 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in the company. First Republic Investment Management Inc. increased its stake in shares of Ingersoll-Rand by 7.7% during the fourth quarter. First Republic Investment Management Inc. now owns 28,646 shares of the industrial products company’s stock valued at $2,554,000 after buying an additional 2,038 shares during the period. Thomas White International Ltd. purchased a new position in Ingersoll-Rand in the fourth quarter valued at about $446,000. Norinchukin Bank The grew its stake in Ingersoll-Rand by 5.8% in the fourth quarter. Norinchukin Bank The now owns 19,978 shares of the industrial products company’s stock valued at $1,782,000 after purchasing an additional 1,096 shares during the last quarter. FDx Advisors Inc. grew its stake in Ingersoll-Rand by 13.4% in the fourth quarter. FDx Advisors Inc. now owns 6,711 shares of the industrial products company’s stock valued at $599,000 after purchasing an additional 791 shares during the last quarter. Finally, ARP Americas LP grew its stake in Ingersoll-Rand by 211.4% in the fourth quarter. ARP Americas LP now owns 15,569 shares of the industrial products company’s stock valued at $1,389,000 after purchasing an additional 10,569 shares during the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.
IR has been the topic of a number of recent analyst reports. Stifel Nicolaus reduced their target price on Ingersoll-Rand 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 reiterated a “hold” rating on shares of Ingersoll-Rand in a research note on Friday, November 17th. Zacks Investment Research upgraded Ingersoll-Rand from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research note on Monday, January 22nd. KeyCorp reiterated a “hold” rating on shares of Ingersoll-Rand in a research note on Sunday, November 19th. Finally, Morgan Stanley lowered Ingersoll-Rand from an “overweight” rating to an “equal weight” rating and set a $98.00 target price on the stock. in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. Ingersoll-Rand currently has a consensus rating of “Hold” and an average target price of $102.92.
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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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