Ingersoll-Rand PLC (Ireland) (NYSE:IR) insider Paul A. Camuti sold 3,500 shares of the business’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $89.64, for a total value of $313,740.00. Following the completion of the transaction, the insider now owns 61,519 shares in the company, valued at approximately $5,514,563.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Ingersoll-Rand PLC (IR) traded up 2.76% during trading on Friday, hitting $92.34. The stock had a trading volume of 4,128,202 shares. The company has a market capitalization of $23.64 billion, a P/E ratio of 16.78 and a beta of 1.30. The firm has a 50-day moving average of $89.03 and a 200 day moving average of $81.86. Ingersoll-Rand PLC has a 1-year low of $59.10 and a 1-year high of $92.34.
Ingersoll-Rand PLC (Ireland) (NYSE:IR) last released its quarterly earnings data on Wednesday, April 26th. The industrial products company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.04. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 10.58% and a return on equity of 16.44%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 earnings per share. Equities research analysts predict that Ingersoll-Rand PLC will post $4.51 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 9th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $1.60 annualized dividend and a yield of 1.73%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is 29.09%.
A number of hedge funds have recently made changes to their positions in the stock. Apriem Advisors purchased a new position in Ingersoll-Rand PLC (Ireland) during the third quarter worth $104,000. Israel Discount Bank of New York purchased a new position in Ingersoll-Rand PLC (Ireland) during the first quarter worth $126,000. Bessemer Group Inc. raised its position in shares of Ingersoll-Rand PLC (Ireland) by 20.1% in the fourth quarter. Bessemer Group Inc. now owns 1,693 shares of the industrial products company’s stock worth $127,000 after buying an additional 283 shares in the last quarter. Parallel Advisors LLC bought a new position in shares of Ingersoll-Rand PLC (Ireland) during the fourth quarter worth $137,000. Finally, Tradewinds Capital Management LLC raised its position in shares of Ingersoll-Rand PLC (Ireland) by 9.0% in the first quarter. Tradewinds Capital Management LLC now owns 1,690 shares of the industrial products company’s stock worth $137,000 after buying an additional 140 shares in the last quarter. Institutional investors own 82.37% of the company’s stock.
Several equities analysts recently weighed in on the company. Zacks Investment Research cut Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research report on Thursday. Royal Bank of Canada increased their price target on Ingersoll-Rand PLC (Ireland) from $83.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 27th. Finally, BMO Capital Markets restated a “buy” rating and set a $87.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, April 20th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Ingersoll-Rand PLC (Ireland) currently has a consensus rating of “Buy” and a consensus price target of $93.33.
About Ingersoll-Rand PLC (Ireland)
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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