Insider Selling: Ingersoll-Rand PLC (NYSE:IR) CEO Sells 146,733 Shares of Stock

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.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a $0.53 dividend. The ex-dividend date is Thursday, September 5th. This represents a $2.12 dividend on an annualized basis and a yield of 1.70%. Ingersoll-Rand’s dividend payout ratio (DPR) is currently 37.79%.

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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Insider Buying and Selling by Quarter for Ingersoll-Rand (NYSE:IR)

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