Wall Street analysts expect Ingersoll-Rand PLC (Ireland) (NYSE:IR) to post sales of $3.52 billion for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Ingersoll-Rand PLC (Ireland)’s earnings, with the lowest sales estimate coming in at $3.46 billion and the highest estimate coming in at $3.55 billion. Ingersoll-Rand PLC (Ireland) posted sales of $3.36 billion during the same quarter last year, which suggests a positive year over year growth rate of 4.8%. The business is scheduled to issue its next earnings report on Wednesday, February 7th.

On average, analysts expect that Ingersoll-Rand PLC (Ireland) will report full-year sales of $3.52 billion for the current financial year, with estimates ranging from $14.04 billion to $14.13 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $14.73 billion per share, with estimates ranging from $14.52 billion to $14.95 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Ingersoll-Rand PLC (Ireland).

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.44 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.01. The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.71 billion. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.65% and a net margin of 7.47%. Ingersoll-Rand PLC (Ireland)’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.41 earnings per share.

Several research analysts have commented on IR shares. ValuEngine downgraded Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research raised Ingersoll-Rand PLC (Ireland) from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. Jefferies Group reissued a “buy” rating and set a $105.00 target price on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, September 12th. Robert W. Baird set a $98.00 target price on Ingersoll-Rand PLC (Ireland) and gave the stock a “hold” rating in a research note on Thursday, August 24th. Finally, Bank of America downgraded Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 target price for the company. in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $99.18.

In other news, insider Marcia J. Avedon sold 10,460 shares of the business’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $94.00, for a total transaction of $983,240.00. Following the sale, the insider now directly owns 111,637 shares in the company, valued at $10,493,878. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Paul A. Camuti sold 14,097 shares of the business’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $95.00, for a total value of $1,339,215.00. Following the sale, the senior vice president now owns 66,439 shares in the company, valued at $6,311,705. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Ingersoll-Rand PLC (Ireland) by 1.5% in the second quarter. Vanguard Group Inc. now owns 16,727,145 shares of the industrial products company’s stock valued at $1,528,695,000 after acquiring an additional 245,210 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Ingersoll-Rand PLC (Ireland) by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 12,144,210 shares of the industrial products company’s stock valued at $1,070,876,000 after acquiring an additional 217,865 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Ingersoll-Rand PLC (Ireland) by 1.2% in the third quarter. Ameriprise Financial Inc. now owns 5,874,474 shares of the industrial products company’s stock valued at $523,825,000 after acquiring an additional 70,636 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Ingersoll-Rand PLC (Ireland) by 0.6% in the second quarter. TIAA CREF Investment Management LLC now owns 2,847,766 shares of the industrial products company’s stock valued at $260,257,000 after acquiring an additional 17,055 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Ingersoll-Rand PLC (Ireland) by 5.9% in the third quarter. Victory Capital Management Inc. now owns 1,741,228 shares of the industrial products company’s stock valued at $155,265,000 after acquiring an additional 97,058 shares during the last quarter. Institutional investors own 82.87% of the company’s stock.

Ingersoll-Rand PLC (IR) opened at $87.13 on Thursday. The company has a market capitalization of $21,583.59, a PE ratio of 19.90, a P/E/G ratio of 2.08 and a beta of 1.35. Ingersoll-Rand PLC has a 52 week low of $74.35 and a 52 week high of $96.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 0.89.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, December 7th. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is currently 44.89%.

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Ingersoll-Rand PLC (Ireland) Company Profile

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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Earnings History and Estimates for Ingersoll-Rand PLC (Ireland) (NYSE:IR)

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