Several brokerages have updated their recommendations and price targets on shares of Ingersoll-Rand PLC (Ireland) (NYSE: IR) in the last few weeks:

  • 10/17/2017 – Ingersoll-Rand PLC (Ireland) was downgraded by analysts at Bank of America Corporation from a “buy” rating to a “neutral” rating. They now have a $96.00 price target on the stock.
  • 10/9/2017 – Ingersoll-Rand PLC (Ireland) had its price target raised by analysts at Citigroup Inc. from $98.00 to $103.00. They now have a “buy” rating on the stock.
  • 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.

Shares of Ingersoll-Rand PLC (NYSE:IR) opened at 91.10 on Wednesday. The stock has a 50 day moving average price of $88.73 and a 200-day moving average price of $88.20. The firm has a market cap of $23.11 billion, a PE ratio of 22.62 and a beta of 1.33. Ingersoll-Rand PLC has a 52-week low of $63.87 and a 52-week high of $94.39.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.49 earnings per share for the quarter, topping 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 business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the prior year, the company earned $1.38 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. On average, equities analysts anticipate that Ingersoll-Rand PLC will post $4.54 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, December 7th. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is currently 44.78%.

In related news, EVP Didier P. Teirlinck sold 26,174 shares of the stock in a transaction on Tuesday, August 15th. The stock was 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 owns 131,129 shares of the company’s stock, valued at $11,290,206.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard J. Swift sold 2,500 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $88.03, for a total value of $220,075.00. Following the completion of the transaction, the director now directly owns 65,932 shares in the company, valued at approximately $5,803,993.96. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by corporate 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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