Ingersoll-Rand PLC (NYSE:IR) has earned a consensus recommendation of “Buy” from the nineteen research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $140.20.
IR has been the subject of several research reports. UBS Group initiated coverage on Ingersoll-Rand in a research report on Thursday, December 12th. They set a “buy” rating and a $150.00 price target for the company. Cfra boosted their price target on Ingersoll-Rand from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated a “hold” rating and set a $134.00 price target on shares of Ingersoll-Rand in a research report on Thursday, January 30th. Wolfe Research cut Ingersoll-Rand from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 9th. Finally, Credit Suisse Group boosted their price target on Ingersoll-Rand from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th.
In other Ingersoll-Rand news, CEO Michael W. Lamach sold 242,347 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $135.00, for a total value of $32,716,845.00. Following the completion of the sale, the chief executive officer now directly owns 452,129 shares in the company, valued at approximately $61,037,415. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Paul A. Camuti sold 10,710 shares of the company’s 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 $9,359,580.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 281,332 shares of company stock valued at $38,000,966. 0.58% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in the company. National Asset Management Inc. lifted its stake in shares of Ingersoll-Rand by 3.7% in the 4th quarter. National Asset Management Inc. now owns 2,076 shares of the industrial products company’s stock valued at $276,000 after purchasing an additional 75 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of Ingersoll-Rand by 32.0% in the 3rd quarter. Global Retirement Partners LLC now owns 334 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 81 shares during the last quarter. Cetera Advisors LLC lifted its stake in shares of Ingersoll-Rand by 3.5% in the 3rd quarter. Cetera Advisors LLC now owns 2,456 shares of the industrial products company’s stock valued at $302,000 after purchasing an additional 83 shares during the last quarter. Savant Capital LLC lifted its stake in shares of Ingersoll-Rand by 3.2% in the 4th quarter. Savant Capital LLC now owns 2,702 shares of the industrial products company’s stock valued at $359,000 after purchasing an additional 85 shares during the last quarter. Finally, Waldron Private Wealth LLC lifted its stake in shares of Ingersoll-Rand by 4.7% in the 4th quarter. Waldron Private Wealth LLC now owns 1,907 shares of the industrial products company’s stock valued at $253,000 after purchasing an additional 85 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ingersoll-Rand stock traded up $0.93 on Friday, reaching $146.55. The company’s stock had a trading volume of 939,881 shares, compared to its average volume of 1,549,968. The company has a market capitalization of $34.63 billion, a P/E ratio of 25.35, a PEG ratio of 2.11 and a beta of 1.26. Ingersoll-Rand has a 52-week low of $102.69 and a 52-week high of $146.60. The stock has a 50-day moving average price of $134.61 and a 200-day moving average price of $126.70. The company has a quick ratio of 0.93, a current ratio of 1.28 and a debt-to-equity ratio of 0.67.
Ingersoll-Rand (NYSE:IR) last issued its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $1.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.02). Ingersoll-Rand had a return on equity of 21.72% and a net margin of 8.50%. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.16 billion. During the same quarter in the previous year, the firm posted $1.32 earnings per share. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Sell-side analysts forecast that Ingersoll-Rand will post 6.87 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, March 12th. Ingersoll-Rand’s payout ratio is currently 33.28%.
Ingersoll-Rand Company Profile
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.
Featured Article: How to Trade Using Analysts Ratings
Receive News & Ratings for Ingersoll-Rand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingersoll-Rand and related companies with MarketBeat.com's FREE daily email newsletter.