Ingersoll-Rand PLC (NYSE:IR) – Equities researchers at KeyCorp boosted their Q2 2019 earnings per share estimates for Ingersoll-Rand in a research note issued to investors on Sunday, July 14th. KeyCorp analyst J. Hammond now anticipates that the industrial products company will post earnings per share of $2.07 for the quarter, up from their previous estimate of $2.05. KeyCorp currently has a “Overweight” rating and a $135.00 target price on the stock. KeyCorp also issued estimates for Ingersoll-Rand’s FY2019 earnings at $6.43 EPS and FY2020 earnings at $7.15 EPS.

Ingersoll-Rand (NYSE:IR) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.09. Ingersoll-Rand had a net margin of 8.94% and a return on equity of 20.52%. The company had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same period last year, the business earned $0.70 earnings per share. Ingersoll-Rand’s revenue was up 5.6% compared to the same quarter last year.

IR has been the topic of a number of other reports. Wells Fargo & Co lowered their target price on shares of WellCare Health Plans from $346.00 to $330.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. ValuEngine downgraded shares of China Southern Airlines from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. BMO Capital Markets downgraded shares of Iamgold from an “outperform” rating to a “market perform” rating in a research note on Monday, May 6th. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 2,012 ($26.29) target price on shares of Aston Martin Lagonda Global in a research note on Wednesday, May 1st. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Extended Stay America in a research note on Tuesday, July 2nd. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $124.97.

Shares of IR opened at $125.17 on Tuesday. The company has a 50 day moving average of $124.39. The stock has a market capitalization of $30.89 billion, a P/E ratio of 22.31, a P/E/G ratio of 1.86 and a beta of 1.26. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.58 and a quick ratio of 1.14. Ingersoll-Rand has a 1-year low of $85.15 and a 1-year high of $128.31.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, September 5th. Ingersoll-Rand’s dividend payout ratio (DPR) is presently 37.79%.

In other Ingersoll-Rand news, insider David S. Regnery sold 7,957 shares of Ingersoll-Rand 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 transaction, the insider now directly owns 58,735 shares of the company’s stock, valued at $7,180,353.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Evan M. Turtz sold 3,770 shares of Ingersoll-Rand stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $128.00, for a total transaction of $482,560.00. Following the transaction, the insider now directly owns 15,549 shares in the company, valued at $1,990,272. The disclosure for this sale can be found here. Insiders have sold 158,460 shares of company stock worth $19,796,928 over the last three months. Insiders own 0.71% of the company’s stock.

Several hedge funds have recently bought and sold shares of IR. FMR LLC boosted its holdings in Ingersoll-Rand by 16.0% in the first quarter. FMR LLC now owns 5,672,472 shares of the industrial products company’s stock valued at $612,343,000 after acquiring an additional 781,104 shares in the last quarter. Bank of America Corp DE boosted its holdings in Ingersoll-Rand by 3.9% in the fourth quarter. Bank of America Corp DE now owns 3,980,294 shares of the industrial products company’s stock valued at $363,122,000 after acquiring an additional 149,485 shares in the last quarter. Norges Bank bought a new stake in Ingersoll-Rand in the fourth quarter valued at $360,951,000. Geode Capital Management LLC boosted its holdings in Ingersoll-Rand by 10.1% in the fourth quarter. Geode Capital Management LLC now owns 3,277,339 shares of the industrial products company’s stock valued at $298,484,000 after acquiring an additional 300,549 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Ingersoll-Rand by 9.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,435,070 shares of the industrial products company’s stock valued at $222,163,000 after acquiring an additional 202,534 shares in the last quarter. 78.59% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll-Rand Company Profile

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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Earnings History and Estimates for Ingersoll-Rand (NYSE:IR)

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