A number of research firms have changed their ratings and price targets for Ingersoll-Rand PLC (NYSE: IR):

  • 8/5/2017 – Ingersoll-Rand PLC was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/1/2017 – Ingersoll-Rand PLC was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ingersoll recorded solid second-quarter 2017 results with healthy increases in adjusted earnings and revenues that also beat the respective Zacks Consensus Estimates. A disciplined capital allocation, strong and flexible balance sheet, and steady cash flow along with a robust operating platform and an efficient management team will likely drive net asset value and dividend growth in the future. The company has outperformed the industry year to date. Management has also reiterated its guidance for 2017 on healthy growth dynamics. However, high R&D costs for technology-driven products are expected to weigh on the margins in the future. Brexit could further result in higher tariff and non-tariff barriers to trade between the U.K. and the European Union, lowering productivity of the company. Ingersoll is also exposed to foreign currency volatility due to significant international operations.”
  • 7/28/2017 – Ingersoll-Rand PLC was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $97.00 price target on the stock. According to Zacks, “Ingersoll recorded solid second-quarter 2017 results with healthy increases in adjusted earnings and revenues that also beat the respective Zacks Consensus Estimates. Ingersoll’s geographic and industry diversity, coupled with a large installed product base provides ample growth opportunities within service, spare parts and replacement revenue streams. A disciplined capital allocation, strong and flexible balance sheet, and steady cash flow along with a robust operating platform and an efficient management team will likely drive net asset value and dividend growth in the future. Additionally, the company’s complementary product portfolio is likely to assist it in strengthening the market position. The company has outperformed the industry year to date. Management has also reiterated its guidance for 2017 on healthy growth dynamics. However, high R&D costs for technology-driven products are expected to weigh on the margins.”
  • 7/27/2017 – Ingersoll-Rand PLC was given a new $97.00 price target on by analysts at UBS Group AG. They now have a “buy” rating on the stock.
  • 7/27/2017 – Ingersoll-Rand PLC had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $93.00 price target on the stock, up previously from $90.00.
  • 7/27/2017 – Ingersoll-Rand PLC was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/12/2017 – Ingersoll-Rand PLC was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ingersoll’s geographic and industry diversity, coupled with a large installed product base provides ample growth opportunities within service, spare parts and replacement revenue streams. A disciplined capital allocation, strong and flexible balance sheet, and steady cash flow along with a robust operating platform and an efficient management team will likely drive net asset value and dividend growth in the future. The company has outperformed the industry year to date. Management has also reiterated its guidance for 2017 on healthy growth dynamics. However, high R&D costs for technology-driven products are expected to weigh on the margins. Ingersoll is likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members post the Brexit referendum. Brexit could further result in higher tariff and non-tariff barriers to trade between the U.K. and the European Union, lowering its productivity.”
  • 7/11/2017 – Ingersoll-Rand PLC had its “buy” rating reaffirmed by analysts at Credit Suisse Group. They now have a $105.00 price target on the stock.
  • 7/11/2017 – Ingersoll-Rand PLC is now covered by analysts at Wolfe Research. They set a “market perform” rating on the stock.
  • 6/16/2017 – Ingersoll-Rand PLC was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $101.00 price target on the stock. According to Zacks, “Ingersoll’s geographic and industry diversity, coupled with a large installed product base provides ample growth opportunities within service, spare parts and replacement revenue streams. A disciplined capital allocation, strong and flexible balance sheet, and steady cash flow along with a robust operating platform and an efficient management team will likely drive net asset value and dividend growth in the future. Ingersoll is likely to achieve steady improvements in operating profitability with new product developments, investments in IT platform and enhancement of channel services footprint and product management capabilities. Management has reiterated its bullish guidance for 2017 on healthy growth dynamics. The company has also outperformed the industry in the last three months. However, high R&D costs for technology-driven products are expected to weigh on the margins.”
  • 6/15/2017 – Ingersoll-Rand PLC was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ingersoll’s geographic and industry diversity, coupled with a large installed product base provides ample growth opportunities within service, spare parts and replacement revenue streams. A disciplined capital allocation, strong and flexible balance sheet, and steady cash flow along with a robust operating platform and an efficient management team will likely drive net asset value and dividend growth in the future. Management has reiterated its bullish guidance for 2017 on healthy growth dynamics. The company has also outperformed the industry in the last three months. However, high R&D costs for technology-driven products are expected to weigh on the margins. Ingersoll is likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members. Brexit could further result in higher tariff and non-tariff barriers to trade between the U.K. and the European Union, lowering its productivity.”

Ingersoll-Rand PLC (NYSE IR) opened at 84.98 on Friday. Ingersoll-Rand PLC has a one year low of $62.40 and a one year high of $94.39. The stock’s 50 day moving average is $90.37 and its 200 day moving average is $85.57. The company has a market capitalization of $21.56 billion, a PE ratio of 21.10 and a beta of 1.31.

Ingersoll-Rand PLC (NYSE:IR) last posted its earnings results on Wednesday, July 26th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.03. Ingersoll-Rand PLC had a net margin of 9.05% and a return on equity of 21.12%. The business had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same period in the prior year, the company posted $1.38 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, analysts anticipate that Ingersoll-Rand PLC will post $4.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a $0.45 dividend. The ex-dividend date is Thursday, September 7th. This is a boost from Ingersoll-Rand PLC’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.12%. Ingersoll-Rand PLC’s dividend payout ratio is currently 39.80%.

In other Ingersoll-Rand PLC news, Director Richard J. Swift sold 2,500 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $88.03, for a total value of $220,075.00. Following the sale, the director now directly owns 65,932 shares in the company, valued at approximately $5,803,993.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul A. Camuti sold 3,500 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $89.64, for a total transaction of $313,740.00. Following the completion of the sale, the insider now owns 61,519 shares in the company, valued at $5,514,563.16. The disclosure for this sale can be found here. Insiders sold a total of 14,443 shares of company stock worth $1,292,381 over the last quarter. Corporate insiders own 0.65% of the company’s stock.

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.

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