Ingersoll-Rand PLC (IR) Director Sells $217,140.00 in Stock

Ingersoll-Rand PLC (NYSE:IR) Director Jared L. Cohon sold 2,350 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.40, for a total value of $217,140.00. Following the completion of the sale, the director now directly owns 25,766 shares of the company’s stock, valued at approximately $2,380,778.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of Ingersoll-Rand PLC (NYSE IR) traded up $1.56 during trading on Friday, reaching $89.16. The company’s stock had a trading volume of 2,351,736 shares, compared to its average volume of 1,987,864. The company has a market capitalization of $22,785.46, a PE ratio of 16.98, a P/E/G ratio of 1.95 and a beta of 1.33. The company has a quick ratio of 0.95, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. Ingersoll-Rand PLC has a 52-week low of $77.26 and a 52-week high of $97.67.

Ingersoll-Rand (NYSE:IR) last announced its earnings results on Wednesday, January 31st. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.01). The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.52 billion. Ingersoll-Rand had a return on equity of 16.91% and a net margin of 9.17%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 EPS. analysts expect that Ingersoll-Rand PLC will post 5.17 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 9th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.02%. Ingersoll-Rand’s dividend payout ratio (DPR) is presently 35.50%.

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of Ingersoll-Rand by 1.8% during the third quarter. JPMorgan Chase & Co. now owns 12,144,210 shares of the industrial products company’s stock worth $1,070,876,000 after buying an additional 217,865 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Ingersoll-Rand by 1.2% during the third quarter. Ameriprise Financial Inc. now owns 5,874,474 shares of the industrial products company’s stock worth $523,825,000 after buying an additional 70,636 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Ingersoll-Rand by 43.7% during the fourth quarter. Victory Capital Management Inc. now owns 2,502,804 shares of the industrial products company’s stock worth $223,225,000 after buying an additional 761,576 shares during the last quarter. Beutel Goodman & Co Ltd. lifted its holdings in shares of Ingersoll-Rand by 4.3% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 2,144,475 shares of the industrial products company’s stock worth $152,799,000 after buying an additional 88,528 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its holdings in shares of Ingersoll-Rand by 37.7% during the third quarter. Westfield Capital Management Co. LP now owns 1,520,393 shares of the industrial products company’s stock worth $135,573,000 after buying an additional 416,011 shares during the last quarter. Institutional investors own 82.37% of the company’s stock.

Several brokerages recently commented on IR. Stifel Nicolaus boosted their price target on Ingersoll-Rand from $101.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Zacks Investment Research cut Ingersoll-Rand from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Bank of America cut Ingersoll-Rand from a “buy” rating to a “neutral” rating and set a $96.00 price target for the company. in a research note on Tuesday, October 17th. UBS Group began coverage on Ingersoll-Rand in a research note on Monday, January 22nd. They issued a “buy” rating and a $105.00 price target for the company. Finally, KeyCorp reissued a “hold” rating on shares of Ingersoll-Rand in a research note on Sunday, November 19th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $102.92.

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Ingersoll-Rand Company Profile

Ingersoll-Rand Public Limited Company provides products, services and solutions to improve the quality and comfort of air in homes and buildings, transport and protect food and perishables. The Company’s business segments include Climate and Industrial. It is engaged in the design, manufacture, sale and service of a portfolio of industrial and commercial products that include brand names, such as Ingersoll-Rand, Trane, American Standard, ARO and Club Car.

Insider Buying and Selling by Quarter for Ingersoll-Rand (NYSE:IR)

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