Ingersoll-Rand Plc Declares Quarterly Dividend of $0.21 (IR)
Ingersoll-Rand Plc (NYSE:IR) declared a quarterly dividend on Wednesday, October 2nd, Stock Ratings Network reports. Stockholders of record on Friday, November 1st will be given a dividend of $0.21 per share on Friday, November 15th. This represents a $0.84 dividend on an annualized basis and a yield of 1.29%.
A number of research firms have recently commented on IR. Analysts at JPMorgan Chase & Co. upgraded shares of Ingersoll-Rand Plc (NYSE:IR) from a “neutral” rating to an “overweight” rating in a research note to investors on Wednesday, September 11th. They now have a $72.00 price target on the stock. On a related note, analysts at Sanford C. Bernstein raised their price target on shares of Ingersoll-Rand Plc (NYSE:IR) from $66.00 to $72.00 in a research note to investors on Tuesday, August 13th. They now have an “outperform” rating on the stock. Finally, analysts at ISI Group downgraded shares of Ingersoll-Rand Plc (NYSE:IR) from a “strong-buy” rating to a “neutral” rating in a research note to investors on Friday, August 9th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $63.23.
Shares of Ingersoll-Rand Plc (NYSE:IR) opened at 65.17 on Wednesday. Ingersoll-Rand Plc has a 1-year low of $43.85 and a 1-year high of $66.62. The stock’s 50-day moving average is $62.66 and its 200-day moving average is $58.33. The company has a market cap of $18.966 billion and a price-to-earnings ratio of 20.58.
Ingersoll-Rand Plc (NYSE:IR) last issued its quarterly earnings data on Friday, July 19th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.06. The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter in the prior year, the company posted $1.15 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts predict that Ingersoll-Rand Plc will post $3.59 earnings per share for the current fiscal year.
Ingersoll-Rand plc (NYSE:IR) is a diversified, global company that provides products, services and solutions to enhance the comfort of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties.
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