Ingersoll-Rand PLC (NYSE:IR) insider Keith A. Sultana sold 9,521 shares of the business’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $102.79, for a total value of $978,663.59. Following the completion of the transaction, the insider now directly owns 13,192 shares in the company, valued at approximately $1,356,005.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of IR opened at $104.59 on Thursday. The company has a current ratio of 1.33, a quick ratio of 0.94 and a debt-to-equity ratio of 0.53. Ingersoll-Rand PLC has a 12-month low of $79.63 and a 12-month high of $107.08. The firm has a market cap of $25.04 billion, a PE ratio of 18.64, a PEG ratio of 1.60 and a beta of 1.26.

Ingersoll-Rand (NYSE:IR) last issued its quarterly earnings results on Wednesday, January 30th. The industrial products company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.03. Ingersoll-Rand had a return on equity of 19.78% and a net margin of 8.54%. The business had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same quarter in the prior year, the firm posted $1.02 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. Research analysts anticipate that Ingersoll-Rand PLC will post 6.3 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 8th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, March 7th. Ingersoll-Rand’s dividend payout ratio (DPR) is presently 37.79%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Oregon Public Employees Retirement Fund increased its holdings in Ingersoll-Rand by 8,911.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,440,494 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 2,413,413 shares during the last quarter. Resources Investment Advisors Inc. bought a new stake in Ingersoll-Rand in the fourth quarter valued at about $27,000. Legacy Financial Advisors Inc. increased its holdings in Ingersoll-Rand by 78.3% in the fourth quarter. Legacy Financial Advisors Inc. now owns 312 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 137 shares during the last quarter. Ruggie Capital Group bought a new stake in Ingersoll-Rand in the fourth quarter valued at about $28,000. Finally, First Mercantile Trust Co. increased its holdings in shares of Ingersoll-Rand by 67.9% in the fourth quarter. First Mercantile Trust Co. now owns 470 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 190 shares in the last quarter. 80.59% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have commented on IR shares. Cowen reissued a “buy” rating and issued a $115.00 price objective on shares of Ingersoll-Rand in a research note on Wednesday, January 23rd. Zacks Investment Research raised Ingersoll-Rand from a “hold” rating to a “buy” rating and set a $104.00 price objective on the stock in a research note on Thursday, December 20th. ValuEngine raised Ingersoll-Rand from a “hold” rating to a “buy” rating in a research note on Friday, November 16th. Citigroup boosted their price objective on Ingersoll-Rand from $117.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday, October 25th. Finally, Robert W. Baird set a $106.00 price objective on Ingersoll-Rand and gave the stock a “hold” rating in a research note on Thursday, October 25th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $109.77.

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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.

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

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