Ingersoll-Rand PLC (IR) Insider Paul A. Camuti Sells 3,500 Shares
Ingersoll-Rand PLC (NYSE:IR) insider Paul A. Camuti sold 3,500 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $89.64, for a total value of $313,740.00. Following the completion of the sale, the insider now owns 61,519 shares in the company, valued at approximately $5,514,563.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Ingersoll-Rand PLC (NYSE:IR) traded down 0.22% during midday trading on Tuesday, hitting $89.03. The company had a trading volume of 1,141,272 shares. The firm’s 50 day moving average is $86.05 and its 200 day moving average is $80.01. The company has a market capitalization of $22.79 billion, a P/E ratio of 16.18 and a beta of 1.31. Ingersoll-Rand PLC has a 52 week low of $59.10 and a 52 week high of $90.18.
Ingersoll-Rand PLC (NYSE:IR) last posted its earnings results on Wednesday, April 26th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.04. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Ingersoll-Rand PLC had a return on equity of 16.70% and a net margin of 10.93%. Ingersoll-Rand PLC’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.50 earnings per share. Equities research analysts anticipate that Ingersoll-Rand PLC will post $4.51 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 9th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.80%. Ingersoll-Rand PLC’s payout ratio is presently 28.42%.
A number of equities research analysts have commented on IR shares. Wells Fargo & Co upgraded Ingersoll-Rand PLC from a “market perform” rating to an “outperform” rating in a research report on Monday, March 20th. Jefferies Group LLC reiterated a “buy” rating on shares of Ingersoll-Rand PLC in a research report on Wednesday, January 25th. Evercore ISI lowered Ingersoll-Rand PLC from a “buy” rating to a “hold” rating in a research report on Friday, February 10th. Credit Suisse Group AG reiterated a “buy” rating and issued a $84.00 price target on shares of Ingersoll-Rand PLC in a research report on Sunday, February 5th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $87.00 price target on shares of Ingersoll-Rand PLC in a research report on Thursday, April 20th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $93.00.
Hedge funds have recently bought and sold shares of the company. Mizuho Asset Management Co. Ltd. boosted its stake in Ingersoll-Rand PLC by 17.5% in the third quarter. Mizuho Asset Management Co. Ltd. now owns 37,719 shares of the industrial products company’s stock valued at $2,563,000 after buying an additional 5,624 shares during the last quarter. Profund Advisors LLC boosted its stake in Ingersoll-Rand PLC by 1.3% in the third quarter. Profund Advisors LLC now owns 7,691 shares of the industrial products company’s stock valued at $523,000 after buying an additional 98 shares during the last quarter. FineMark National Bank & Trust boosted its stake in Ingersoll-Rand PLC by 10.3% in the third quarter. FineMark National Bank & Trust now owns 62,370 shares of the industrial products company’s stock valued at $3,955,000 after buying an additional 5,825 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Ingersoll-Rand PLC during the third quarter valued at $1,964,000. Finally, Pax World Management LLC boosted its stake in Ingersoll-Rand PLC by 7.8% in the third quarter. Pax World Management LLC now owns 277,763 shares of the industrial products company’s stock valued at $18,871,000 after buying an additional 20,102 shares during the last quarter. 82.76% of the stock is currently owned by institutional investors.
About Ingersoll-Rand PLC
Ingersoll-Rand Public Limited Company provides products, services and solutions to improve the quality and comfort of air in homes and buildings, transport and protect food and perishables. The Company’s business segments include Climate and Industrial. It is engaged in the design, manufacture, sale and service of a portfolio of industrial and commercial products that include brand names, such as Ingersoll-Rand, Trane, American Standard, ARO and Club Car.
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