Insider Selling: Richard Weller Unloads 21,380 Shares of Ingersoll-Rand PLC Stock (IR)
Ingersoll-Rand PLC (NYSE:IR) VP Richard Weller sold 21,380 shares of Ingersoll-Rand PLC stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $64.05, for a total value of $1,369,389.00. Following the sale, the vice president now directly owns 25,672 shares of the company’s stock, valued at approximately $1,644,292. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Ingersoll-Rand PLC (NYSE:IR) traded up 0.02% during mid-day trading on Friday, hitting $63.08. The stock had a trading volume of 1,461,059 shares. Ingersoll-Rand PLC has a 52 week low of $47.0607 and a 52 week high of $64.77. The stock has a 50-day moving average of $62.5 and a 200-day moving average of $59.82. The company has a market cap of $16.874 billion and a price-to-earnings ratio of 30.47.
Ingersoll-Rand PLC (NYSE:IR) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.11 by $0.02. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the prior year, the company posted $1.14 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, analysts predict that Ingersoll-Rand PLC will post $3.25 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Nomura reiterated a “neutral” rating on shares of Ingersoll-Rand PLC in a research note on Wednesday. They now have a $65.00 price target on the stock, up previously from $61.00. Separately, analysts at Barclays raised their price target on shares of Ingersoll-Rand PLC from $62.00 to $64.00 in a research note on Wednesday. They now have an “equal weight” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Ingersoll-Rand PLC in a research note on Wednesday. They now have a $65.00 price target on the stock, up previously from $64.00. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $67.13.
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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