Ingersoll-Rand PLC (Ireland) (IR) Expected to Post Earnings of $1.03 Per Share

Brokerages forecast that Ingersoll-Rand PLC (Ireland) (NYSE:IR) will report earnings of $1.03 per share for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Ingersoll-Rand PLC (Ireland)’s earnings, with estimates ranging from $0.99 to $1.12. Ingersoll-Rand PLC (Ireland) reported earnings of $0.84 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 22.6%. The company is expected to report its next earnings results before the market opens on Wednesday, January 31st.

On average, analysts expect that Ingersoll-Rand PLC (Ireland) will report full year earnings of $4.52 per share for the current year, with EPS estimates ranging from $4.50 to $4.60. For the next year, analysts expect that the firm will report earnings of $5.08 per share, with EPS estimates ranging from $4.90 to $5.30. Zacks’ EPS calculations are an average based on a survey of analysts that cover Ingersoll-Rand PLC (Ireland).

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its earnings results on Wednesday, October 25th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.01. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.65% and a net margin of 7.47%. The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the prior year, the company earned $1.41 EPS. Ingersoll-Rand PLC (Ireland)’s revenue was up 2.9% on a year-over-year basis.

Several research firms recently issued reports on IR. ValuEngine lowered Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Morgan Stanley increased their target price on Ingersoll-Rand PLC (Ireland) from $94.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, September 25th. Bank of America lowered Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 target price on the stock. in a research note on Tuesday, October 17th. Zacks Investment Research lowered Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Ingersoll-Rand PLC (Ireland) in a research report on Sunday, November 19th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. Ingersoll-Rand PLC (Ireland) currently has an average rating of “Hold” and a consensus target price of $99.18.

In other news, Chairman Michael W. Lamach sold 210,508 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $88.28, for a total transaction of $18,583,646.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Paul A. Camuti sold 14,097 shares of the firm’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $95.00, for a total value of $1,339,215.00. Following the sale, the senior vice president now directly owns 66,439 shares in the company, valued at approximately $6,311,705. The disclosure for this sale can be found here. Insiders sold a total of 235,065 shares of company stock worth $20,906,101 in the last ninety days. 0.63% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Boyd Watterson Asset Management LLC OH acquired a new stake in shares of Ingersoll-Rand PLC (Ireland) during the 4th quarter worth about $444,000. Sit Investment Associates Inc. raised its position in shares of Ingersoll-Rand PLC (Ireland) by 21.1% during the 4th quarter. Sit Investment Associates Inc. now owns 247,681 shares of the industrial products company’s stock worth $22,091,000 after acquiring an additional 43,150 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Ingersoll-Rand PLC (Ireland) by 87.4% during the 3rd quarter. Prudential Financial Inc. now owns 1,429,458 shares of the industrial products company’s stock worth $127,465,000 after acquiring an additional 666,550 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Ingersoll-Rand PLC (Ireland) by 6.8% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 648,342 shares of the industrial products company’s stock worth $57,813,000 after acquiring an additional 41,149 shares in the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new stake in shares of Ingersoll-Rand PLC (Ireland) during the 3rd quarter worth about $178,000. 82.59% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll-Rand PLC (NYSE:IR) traded down $0.89 on Monday, reaching $91.10. The company had a trading volume of 1,744,000 shares, compared to its average volume of 1,640,667. Ingersoll-Rand PLC has a 1 year low of $76.31 and a 1 year high of $96.23. The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.43. The firm has a market cap of $22,762.96, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 1.95 and a beta of 1.35.

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Ingersoll-Rand PLC (Ireland) Company Profile

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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