Ingersoll-Rand PLC (NYSE:IR) SVP Paul A. Camuti sold 1,800 shares of the company’s stock in a transaction that occurred on Wednesday, July 25th. The shares were sold at an average price of $95.00, for a total value of $171,000.00. Following the transaction, the senior vice president now directly owns 59,290 shares of the company’s stock, valued at $5,632,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NYSE:IR opened at $99.81 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 1.30. Ingersoll-Rand PLC has a 12-month low of $79.63 and a 12-month high of $100.06. The firm has a market cap of $23.61 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 1.50 and a beta of 1.34.
Ingersoll-Rand (NYSE:IR) last announced its earnings results on Wednesday, July 25th. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.13. Ingersoll-Rand had a net margin of 9.28% and a return on equity of 18.11%. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the previous year, the business earned $1.49 EPS. The company’s revenue was up 11.5% on a year-over-year basis. sell-side analysts forecast that Ingersoll-Rand PLC will post 5.54 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Flagship Harbor Advisors LLC bought a new stake in Ingersoll-Rand in the second quarter worth $106,000. Synovus Financial Corp bought a new stake in Ingersoll-Rand during the first quarter valued at about $118,000. Fort L.P. bought a new stake in Ingersoll-Rand during the second quarter valued at about $121,000. Smithfield Trust Co. boosted its holdings in Ingersoll-Rand by 374.5% during the second quarter. Smithfield Trust Co. now owns 1,376 shares of the industrial products company’s stock valued at $123,000 after acquiring an additional 1,086 shares during the period. Finally, CWM LLC boosted its holdings in Ingersoll-Rand by 653.3% during the second quarter. CWM LLC now owns 1,499 shares of the industrial products company’s stock valued at $135,000 after acquiring an additional 1,300 shares during the period. 81.26% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Ingersoll-Rand from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Argus boosted their price objective on Ingersoll-Rand from $100.00 to $114.00 and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Barclays boosted their price objective on Ingersoll-Rand from $115.00 to $117.00 and gave the stock an “overweight” rating in a research report on Thursday, August 9th. Finally, Cowen initiated coverage on Ingersoll-Rand in a research report on Tuesday, June 19th. They issued an “outperform” rating and a $111.00 target price for the company. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $106.23.
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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