Ingersoll-Rand PLC (NYSE:IR) insider Marcia J. Avedon sold 1,128 shares of Ingersoll-Rand stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $100.92, for a total value of $113,837.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of IR stock traded up $0.59 during trading hours on Monday, reaching $102.51. 1,521,678 shares of the company’s stock were exchanged, compared to its average volume of 1,746,056. Ingersoll-Rand PLC has a 1 year low of $79.63 and a 1 year high of $107.08. The firm has a market capitalization of $25.04 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.60 and a beta of 1.26. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 1.33.
Ingersoll-Rand (NYSE:IR) last issued its quarterly earnings results on Wednesday, January 30th. The industrial products company reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.03. The business had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.86 billion. Ingersoll-Rand had a return on equity of 19.78% and a net margin of 8.54%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.02 earnings per share. As a group, equities analysts forecast that Ingersoll-Rand PLC will post 6.3 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 8th will be given a $0.53 dividend. The ex-dividend date is Thursday, March 7th. This represents a $2.12 dividend on an annualized basis and a yield of 2.07%. Ingersoll-Rand’s dividend payout ratio is currently 37.79%.
A number of equities research analysts have recently weighed in on the company. Citigroup boosted their price target on Ingersoll-Rand from $117.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday, October 25th. Robert W. Baird set a $106.00 price target on Ingersoll-Rand and gave the stock a “hold” rating in a research note on Thursday, October 25th. Stephens assumed coverage on Ingersoll-Rand in a research note on Monday, November 19th. They set an “overweight” rating and a $118.00 price target on the stock. OTR Global lowered Ingersoll-Rand to a “positive” rating in a research note on Friday, January 18th. Finally, Barclays dropped their price target on Ingersoll-Rand from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, January 11th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $109.77.
A number of hedge funds and other institutional investors have recently modified their holdings of IR. Oregon Public Employees Retirement Fund lifted its holdings in Ingersoll-Rand by 8,911.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,440,494 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 2,413,413 shares during the period. Legacy Financial Advisors Inc. lifted its holdings in Ingersoll-Rand by 78.3% in the fourth quarter. Legacy Financial Advisors Inc. now owns 312 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 137 shares during the period. Ruggie Capital Group acquired a new position in Ingersoll-Rand in the fourth quarter valued at approximately $28,000. First Mercantile Trust Co. lifted its holdings in Ingersoll-Rand by 67.9% in the fourth quarter. First Mercantile Trust Co. now owns 470 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 190 shares during the period. Finally, Baystate Wealth Management LLC lifted its holdings in Ingersoll-Rand by 330.6% in the fourth quarter. Baystate Wealth Management LLC now owns 521 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 80.59% of the company’s stock.
Ingersoll-Rand plc designs, manufactures, sells, and services industrial and commercial products. It operates through Climate and Industrial segments. The Climate segment offers building management, bus, rail, and multi-pipe HVAC, control, container and cryogenic, diesel-powered, ductless, geothermal, package heating and cooling, rail and self-powered truck refrigeration, temporary heating and cooling, trailer refrigeration, unitary, and vehicle-powered truck refrigeration systems.
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