Ingersoll-Rand PLC (IR) Given Average Rating of “Buy” by Brokerages

Ingersoll-Rand PLC (NYSE:IR) has been assigned a consensus rating of “Buy” from the nineteen analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $122.96.

A number of equities research analysts recently weighed in on IR shares. Credit Suisse Group reaffirmed an “outperform” rating and set a $115.00 price objective (up previously from $108.00) on shares of Ingersoll-Rand in a research report on Thursday, January 31st. Barclays lowered their price objective on shares of Ingersoll-Rand from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 11th. Zacks Investment Research raised shares of Ingersoll-Rand from a “sell” rating to a “hold” rating in a research report on Monday, January 28th. BMO Capital Markets boosted their price objective on shares of Ingersoll-Rand from $112.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Wells Fargo & Co boosted their price objective on shares of Ingersoll-Rand from $113.00 to $122.00 and gave the company a “market perform” rating in a research report on Wednesday, May 1st.

In other news, SVP Marcia J. Avedon sold 1,166 shares of the stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $101.80, for a total value of $118,698.80. Following the completion of the transaction, the senior vice president now directly owns 110,388 shares in the company, valued at $11,237,498.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David S. Regnery sold 7,957 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $122.25, for a total transaction of $972,743.25. Following the completion of the transaction, the insider now owns 58,735 shares of the company’s stock, valued at $7,180,353.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 236,589 shares of company stock valued at $25,116,182. 0.70% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. FinTrust Capital Advisors LLC lifted its stake in Ingersoll-Rand by 10.2% during the first quarter. FinTrust Capital Advisors LLC now owns 5,704 shares of the industrial products company’s stock valued at $616,000 after purchasing an additional 528 shares during the last quarter. 10 15 Associates Inc. lifted its stake in Ingersoll-Rand by 0.8% during the first quarter. 10 15 Associates Inc. now owns 25,527 shares of the industrial products company’s stock valued at $2,756,000 after purchasing an additional 195 shares during the last quarter. Marietta Wealth Management LLC lifted its stake in Ingersoll-Rand by 3.6% during the first quarter. Marietta Wealth Management LLC now owns 21,589 shares of the industrial products company’s stock valued at $2,331,000 after purchasing an additional 759 shares during the last quarter. Synovus Financial Corp lifted its stake in Ingersoll-Rand by 5.8% during the first quarter. Synovus Financial Corp now owns 10,352 shares of the industrial products company’s stock valued at $1,115,000 after purchasing an additional 565 shares during the last quarter. Finally, ARP Americas LP lifted its stake in Ingersoll-Rand by 27.9% during the first quarter. ARP Americas LP now owns 12,369 shares of the industrial products company’s stock valued at $1,335,000 after purchasing an additional 2,700 shares during the last quarter. Institutional investors and hedge funds own 81.70% of the company’s stock.

Shares of IR stock opened at $121.54 on Friday. Ingersoll-Rand has a 12 month low of $85.15 and a 12 month high of $125.26. The company has a current ratio of 1.58, a quick ratio of 1.14 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $30.07 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 1.83 and a beta of 1.32.

Ingersoll-Rand (NYSE:IR) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.09. Ingersoll-Rand had a net margin of 8.94% and a return on equity of 20.52%. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the previous year, the business posted $0.70 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. Sell-side analysts forecast that Ingersoll-Rand will post 6.37 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Thursday, June 6th. Ingersoll-Rand’s dividend payout ratio (DPR) is 37.79%.

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.

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Analyst Recommendations for Ingersoll-Rand (NYSE:IR)

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