Ingersoll-Rand PLC (IR) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Ingersoll-Rand PLC (NYSE:IR) have been given an average rating of “Buy” by the nineteen brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $122.96.

Several brokerages have recently weighed in on IR. Zacks Investment Research lowered shares of Ingersoll-Rand from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Wells Fargo & Co lowered shares of Ingersoll-Rand from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $110.00 to $113.00 in a report on Monday, March 18th. They noted that the move was a valuation call. Cowen reiterated a “buy” rating and set a $115.00 price objective on shares of Ingersoll-Rand in a report on Wednesday, January 23rd. Deutsche Bank began coverage on shares of Ingersoll-Rand in a report on Wednesday, March 13th. They set a “hold” rating and a $107.00 price objective on the stock. Finally, Morgan Stanley set a $120.00 price objective on shares of Ingersoll-Rand and gave the stock a “buy” rating in a report on Tuesday, February 26th.

In other Ingersoll-Rand news, insider Paul A. Camuti sold 7,034 shares of the stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $104.95, for a total value of $738,218.30. Following the completion of the sale, the insider now owns 51,497 shares of the company’s stock, valued at $5,404,610.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 sale, the insider now directly owns 58,735 shares of the company’s stock, valued at approximately $7,180,353.75. The disclosure for this sale can be found here. Insiders sold 218,760 shares of company stock worth $23,276,480 in the last 90 days. 0.70% of the stock is currently owned by insiders.



A number of large investors have recently modified their holdings of the business. Utah Retirement Systems grew its position in shares of Ingersoll-Rand by 1.1% during the first quarter. Utah Retirement Systems now owns 46,194 shares of the industrial products company’s stock worth $4,987,000 after buying an additional 497 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Ingersoll-Rand by 61.6% during the first quarter. Wellington Management Group LLP now owns 2,092,667 shares of the industrial products company’s stock worth $225,903,000 after buying an additional 797,487 shares in the last quarter. Cresset Asset Management LLC acquired a new stake in shares of Ingersoll-Rand during the first quarter worth approximately $132,000. Qube Research & Technologies Ltd grew its position in shares of Ingersoll-Rand by 31.4% during the first quarter. Qube Research & Technologies Ltd now owns 6,985 shares of the industrial products company’s stock worth $754,000 after buying an additional 1,669 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Ingersoll-Rand during the first quarter worth approximately $423,000. 81.51% of the stock is owned by institutional investors.

NYSE:IR traded up $0.05 on Friday, reaching $121.27. The stock had a trading volume of 22,905 shares, compared to its average volume of 1,668,341. The firm has a market cap of $29.04 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 1.77 and a beta of 1.32. The company has a current ratio of 1.58, a quick ratio of 1.14 and a debt-to-equity ratio of 0.75. Ingersoll-Rand has a 12-month low of $85.15 and a 12-month high of $125.26.

Ingersoll-Rand (NYSE:IR) last released its earnings results on Tuesday, April 30th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.09. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.50 billion. Ingersoll-Rand had a net margin of 8.94% and a return on equity of 20.52%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 EPS. On average, equities research analysts forecast that Ingersoll-Rand will post 6.37 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a $0.53 dividend. The ex-dividend date is Thursday, June 6th. This represents a $2.12 annualized dividend and a yield of 1.75%. Ingersoll-Rand’s payout ratio is 37.79%.

About Ingersoll-Rand

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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