Ingersoll-Rand PLC (Ireland) (NYSE: IR) has recently received a number of price target changes and ratings updates:

  • 10/2/2017 – Ingersoll-Rand PLC (Ireland) was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Ingersoll has underperformed the industry year to date. Operating risks from high R&D costs for technology-driven products are expected to weigh on margins in the quarters ahead. Ingersoll is also likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members post Brexit referendum. In addition, restructuring actions are likely to lead to near-term earnings dilution for the company. However, Ingersoll is focusing on improving the efficiencies and capabilities of products and services within its core businesses to improve profitability. The geographic and industrial diversity coupled with a large installed product base provides ample growth opportunities within service, spare parts and replacement revenue streams. Furthermore, a robust operating platform and an efficient management team will likely drive net asset value and dividend growth in the future.”
  • 10/2/2017 – Ingersoll-Rand PLC (Ireland) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/26/2017 – Ingersoll-Rand PLC (Ireland) was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Ingersoll has underperformed the industry year to date. Presently, when the economy in Europe is highly unpredictable post the Brexit referendum, it becomes difficult for the company to increase revenues and reduce costs. In addition, Ingersoll is likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members. Operating risks from high R&D costs for technology-driven products are expected to weigh on margins in the quarters ahead. Moreover, intense competitive pressure and adverse foreign currency impact are likely to hinder its profitability to some extent. In addition, restructuring actions are likely to lead to near-term earnings dilution for the company. However, Ingersoll is focusing on improving the efficiencies and capabilities of products and services within its core businesses to improve profitability.”
  • 9/25/2017 – Ingersoll-Rand PLC (Ireland) had its price target raised by analysts at Morgan Stanley from $94.00 to $100.00. They now have an “overweight” rating on the stock.
  • 9/20/2017 – Ingersoll-Rand PLC (Ireland) was downgraded by analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating.
  • 9/13/2017 – Ingersoll-Rand PLC (Ireland) had its price target lowered by analysts at Stifel Nicolaus from $103.00 to $98.00. They now have a “buy” rating on the stock.
  • 9/12/2017 – Ingersoll-Rand PLC (Ireland) had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $105.00 price target on the stock.
  • 9/7/2017 – Ingersoll-Rand PLC (Ireland) had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $103.00 price target on the stock, up previously from $98.00.
  • 9/6/2017 – Ingersoll-Rand PLC (Ireland) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/24/2017 – Ingersoll-Rand PLC (Ireland) had its “buy” rating reaffirmed by analysts at Stifel Nicolaus.
  • 8/24/2017 – Ingersoll-Rand PLC (Ireland) was given a new $98.00 price target on by analysts at Robert W. Baird. They now have a “hold” rating on the stock.
  • 8/5/2017 – Ingersoll-Rand PLC (Ireland) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

Ingersoll-Rand PLC (NYSE IR) traded up 0.20% during mid-day trading on Tuesday, reaching $90.14. 1,168,632 shares of the company traded hands. The company’s 50 day moving average price is $87.24 and its 200 day moving average price is $87.52. Ingersoll-Rand PLC has a 12-month low of $63.87 and a 12-month high of $94.39. The firm has a market capitalization of $22.87 billion, a P/E ratio of 22.38 and a beta of 1.33.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last released its earnings results on Wednesday, July 26th. The industrial products company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.64% and a net margin of 7.60%. The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter in the prior year, the firm posted $1.38 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts predict that Ingersoll-Rand PLC will post $4.54 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.00%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is currently 44.78%.

In other Ingersoll-Rand PLC (Ireland) news, EVP Didier P. Teirlinck sold 26,174 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $86.10, for a total value of $2,253,581.40. Following the transaction, the executive vice president now directly owns 131,129 shares in the company, valued at approximately $11,290,206.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard J. Swift sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $88.03, for a total transaction of $220,075.00. Following the transaction, the director now directly owns 65,932 shares in the company, valued at $5,803,993.96. The disclosure for this sale can be found here. 0.65% of the stock is owned by insiders.

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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