Ingersoll-Rand PLC (NYSE:IR) announced a quarterly dividend on Thursday, October 3rd, Zacks reports. Shareholders of record on Friday, December 6th will be given a dividend of 0.53 per share by the industrial products company on Tuesday, December 31st. This represents a $2.12 annualized dividend and a yield of 1.66%. The ex-dividend date is Thursday, December 5th.
NYSE IR opened at $128.09 on Wednesday. The stock has a 50 day moving average price of $126.33 and a 200-day moving average price of $122.97. Ingersoll-Rand has a one year low of $85.15 and a one year high of $132.42. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.88 and a current ratio of 1.28. The company has a market capitalization of $31.41 billion, a P/E ratio of 22.83, a P/E/G ratio of 1.91 and a beta of 1.22.
Ingersoll-Rand (NYSE:IR) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.08. Ingersoll-Rand had a return on equity of 21.72% and a net margin of 8.38%. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the company earned $1.75 earnings per share. Ingersoll-Rand’s revenue was up 2.8% on a year-over-year basis. As a group, equities analysts predict that Ingersoll-Rand will post 6.4 EPS for the current fiscal year.
IR has been the subject of a number of research analyst reports. Stephens lowered shares of Ingersoll-Rand from an “overweight” rating to an “equal” rating in a report on Monday, October 7th. ValuEngine raised shares of Ingersoll-Rand from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. BMO Capital Markets set a $145.00 price target on shares of Ingersoll-Rand and gave the company a “buy” rating in a research note on Monday, November 4th. KeyCorp boosted their price target on Ingersoll-Rand from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Deutsche Bank cut Ingersoll-Rand from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $137.00 to $135.00 in a research note on Tuesday, October 29th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $135.25.
In other Ingersoll-Rand news, SVP Keith A. Sultana sold 7,010 shares of Ingersoll-Rand stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $125.00, for a total transaction of $876,250.00. Following the completion of the transaction, the senior vice president now owns 19,608 shares in the company, valued at approximately $2,451,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Marcia J. Avedon sold 7,450 shares of Ingersoll-Rand stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $129.00, for a total value of $961,050.00. Following the transaction, the senior vice president now owns 99,075 shares of the company’s stock, valued at approximately $12,780,675. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by insiders.
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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