Ingersoll-Rand PLC (NYSE:IR) SVP Paul A. Camuti sold 10,710 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $132.19, for a total value of $1,415,754.90. Following the completion of the sale, the senior vice president now owns 70,804 shares of the company’s stock, valued at approximately $9,359,580.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
NYSE IR opened at $133.81 on Friday. Ingersoll-Rand PLC has a 1-year low of $85.15 and a 1-year high of $134.71. The company has a current ratio of 1.28, a quick ratio of 0.88 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $32.06 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22. The firm’s fifty day simple moving average is $129.20 and its 200-day simple moving average is $123.48.
Ingersoll-Rand (NYSE:IR) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.91 by $0.08. Ingersoll-Rand had a net margin of 8.38% and a return on equity of 21.72%. The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the business posted $1.75 earnings per share. Ingersoll-Rand’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, analysts predict that Ingersoll-Rand PLC will post 6.4 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, December 5th. Ingersoll-Rand’s dividend payout ratio (DPR) is presently 37.79%.
A number of analysts have recently issued reports on IR shares. Barclays restated a “buy” rating and issued a $134.00 target price on shares of Ingersoll-Rand in a report on Friday, October 4th. JPMorgan Chase & Co. reduced their target price on Ingersoll-Rand from $140.00 to $129.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Zacks Investment Research lowered Ingersoll-Rand from a “hold” rating to a “sell” rating and set a $138.00 target price for the company. in a report on Monday, December 2nd. UBS Group started coverage on Ingersoll-Rand in a report on Thursday. They issued a “buy” rating and a $150.00 target price for the company. Finally, Stephens lowered Ingersoll-Rand from an “overweight” rating to an “equal” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $136.38.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. QCI Asset Management Inc. NY acquired a new position in Ingersoll-Rand during the second quarter worth $26,000. Global Retirement Partners LLC increased its position in Ingersoll-Rand by 32.0% during the third quarter. Global Retirement Partners LLC now owns 334 shares of the industrial products company’s stock worth $41,000 after buying an additional 81 shares during the last quarter. North Star Investment Management Corp. acquired a new position in Ingersoll-Rand during the third quarter worth $48,000. Sandy Spring Bank increased its position in Ingersoll-Rand by 735.8% during the third quarter. Sandy Spring Bank now owns 443 shares of the industrial products company’s stock worth $54,000 after buying an additional 390 shares during the last quarter. Finally, Valeo Financial Advisors LLC increased its position in Ingersoll-Rand by 166.5% during the third quarter. Valeo Financial Advisors LLC now owns 445 shares of the industrial products company’s stock worth $55,000 after buying an additional 278 shares during the last quarter. 79.12% of the stock is currently owned by institutional investors and hedge funds.
Ingersoll-Rand Plc designs, manufactures, sells, and services industrial and commercial products. The company operates through Climate and Industrial segments. The Climate segment offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality; industrial refrigeration; motor replacements; refrigerant reclamation; thermostats/controls; transport heater products; and water source heat pumps.
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