Ingersoll-Rand PLC SVP Sells $592,500 in Stock (IR)
Ingersoll-Rand PLC (NYSE:IR) SVP Gary S. Michel sold 10,000 shares of Ingersoll-Rand PLC stock on the open market in a transaction dated Thursday, May 8th. The stock was sold at an average price of $59.25, for a total transaction of $592,500.00. Following the sale, the senior vice president now directly owns 38,925 shares of the company’s stock, valued at approximately $2,306,306. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on IR. Analysts at Zacks reiterated a “neutral” rating on shares of Ingersoll-Rand PLC in a research note on Monday, April 28th. They now have a $62.00 price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Ingersoll-Rand PLC in a research note on Thursday, April 24th. They now have a $62.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Ingersoll-Rand PLC in a research note on Thursday, April 24th. They now have a $64.00 price target on the stock. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Ingersoll-Rand PLC presently has a consensus rating of “Hold” and a consensus target price of $66.38.
Ingersoll-Rand PLC (NYSE:IR) traded up 1.84% on Monday, hitting $59.24. The stock had a trading volume of 2,117,174 shares. Ingersoll-Rand PLC has a 1-year low of $42.6438 and a 1-year high of $63.42. The stock has a 50-day moving average of $57.67 and a 200-day moving average of $58.03. The company has a market cap of $15.989 billion and a price-to-earnings ratio of 28.02.
Ingersoll-Rand PLC (NYSE:IR) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.03. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. Analysts expect that Ingersoll-Rand PLC will post $3.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, June 11th.
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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