Ingersoll-Rand PLC (NYSE:IR) CEO Michael W. Lamach sold 146,733 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $125.00, for a total transaction of $18,341,625.00. Following the sale, the chief executive officer now directly owns 356,238 shares in the company, valued at $44,529,750. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of IR stock opened at $124.55 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.14 and a current ratio of 1.58. The firm has a 50-day moving average price of $123.59. The company has a market cap of $29.95 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 1.83 and a beta of 1.26. Ingersoll-Rand PLC has a 52-week low of $85.15 and a 52-week high of $128.00.
Ingersoll-Rand (NYSE:IR) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.09. Ingersoll-Rand had a net margin of 8.94% and a return on equity of 20.52%. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the prior year, the business earned $0.70 EPS. Ingersoll-Rand’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, research analysts anticipate that Ingersoll-Rand PLC will post 6.36 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Resources Investment Advisors Inc. acquired a new position in shares of Ingersoll-Rand during the 4th quarter worth approximately $27,000. Capital Financial Planning LLC acquired a new position in shares of Ingersoll-Rand during the 4th quarter worth approximately $32,000. WP Advisors LLC acquired a new position in shares of Ingersoll-Rand during the 1st quarter worth approximately $34,000. Financial Gravity Wealth Inc. acquired a new position in shares of Ingersoll-Rand during the 1st quarter worth approximately $38,000. Finally, Nalls Sherbakoff Group LLC acquired a new position in shares of Ingersoll-Rand during the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 78.57% of the company’s stock.
Several equities research analysts have commented on IR shares. Jefferies Financial Group reissued a “buy” rating on shares of Extended Stay America in a research report on Tuesday, July 2nd. 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 report on Wednesday, May 1st. Barclays upped their target price on shares of Shopify from $155.00 to $225.00 and gave the company an “equal weight” rating in a report on Wednesday, May 1st. Bank of America set a $152.00 target price on shares of Caterpillar and gave the company a “buy” rating in a report on Thursday, April 4th. Finally, Wells Fargo & Co dropped 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 report on Wednesday, May 1st. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $124.97.
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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