Ingersoll-Rand PLC (IR) SVP Sells $171,000.00 in Stock

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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.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 7th will be paid a $0.53 dividend. The ex-dividend date is Thursday, September 6th. This is an increase from Ingersoll-Rand’s previous quarterly dividend of $0.45. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.12%. Ingersoll-Rand’s dividend payout ratio is 39.91%.

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.

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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