Analysts Set Ingersoll-Rand PLC (IR) PT at $104.73

Ingersoll-Rand PLC (NYSE:IR) has been assigned a consensus recommendation of “Hold” from the eighteen brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $104.73.

A number of brokerages have commented on IR. Zacks Investment Research lowered shares of Ingersoll-Rand from a “buy” rating to a “hold” rating in a research note on Wednesday. Stifel Nicolaus boosted their price target on shares of Ingersoll-Rand from $94.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, April 26th. Citigroup decreased their price target on shares of Ingersoll-Rand from $110.00 to $109.00 and set a “buy” rating for the company in a research note on Monday, April 9th. Royal Bank of Canada restated a “hold” rating and set a $99.00 price target on shares of Ingersoll-Rand in a research note on Tuesday, February 27th. Finally, Barclays began coverage on shares of Ingersoll-Rand in a research note on Thursday, February 15th. They set an “overweight” rating and a $111.00 price target for the company.

Ingersoll-Rand stock opened at $89.81 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.99 and a current ratio of 1.41. Ingersoll-Rand has a 12-month low of $79.63 and a 12-month high of $97.67. The firm has a market cap of $22.27 billion, a P/E ratio of 19.91, a P/E/G ratio of 1.55 and a beta of 1.35.

Ingersoll-Rand (NYSE:IR) last announced its quarterly earnings results on Wednesday, April 25th. The industrial products company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.08. The business had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.19 billion. Ingersoll-Rand had a net margin of 8.96% and a return on equity of 17.03%. Ingersoll-Rand’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 EPS. equities research analysts expect that Ingersoll-Rand will post 5.29 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 8th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $1.80 annualized dividend and a dividend yield of 2.00%. Ingersoll-Rand’s payout ratio is 39.91%.

In related news, insider Paul A. Camuti sold 3,100 shares of the business’s stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $90.00, for a total value of $279,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul A. Camuti sold 1,678 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $85.15, for a total transaction of $142,881.70. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Several large investors have recently modified their holdings of the stock. United Capital Financial Advisers LLC boosted its holdings in shares of Ingersoll-Rand by 7.1% in the 1st quarter. United Capital Financial Advisers LLC now owns 8,600 shares of the industrial products company’s stock worth $735,000 after buying an additional 571 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in shares of Ingersoll-Rand by 18.6% in the 4th quarter. Penserra Capital Management LLC now owns 3,640 shares of the industrial products company’s stock worth $324,000 after buying an additional 572 shares during the last quarter. Sentry Investment Management LLC boosted its holdings in shares of Ingersoll-Rand by 3.3% in the 1st quarter. Sentry Investment Management LLC now owns 18,486 shares of the industrial products company’s stock worth $1,581,000 after buying an additional 595 shares during the last quarter. New Mexico Educational Retirement Board boosted its holdings in shares of Ingersoll-Rand by 2.5% in the 4th quarter. New Mexico Educational Retirement Board now owns 24,398 shares of the industrial products company’s stock worth $2,176,000 after buying an additional 600 shares during the last quarter. Finally, River Road Asset Management LLC boosted its holdings in shares of Ingersoll-Rand by 20.5% in the 1st quarter. River Road Asset Management LLC now owns 3,644 shares of the industrial products company’s stock worth $312,000 after buying an additional 621 shares during the last quarter. 79.15% of the stock is currently owned by institutional investors.

About Ingersoll-Rand

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.

Analyst Recommendations for Ingersoll-Rand (NYSE:IR)

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