Analysts’ Recent Ratings Changes for Ingersoll-Rand (IR)

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

  • 2/6/2018 – Ingersoll-Rand had its price target raised by analysts at Argus to $105.00. They now have a “buy” rating on the stock.
  • 2/2/2018 – Ingersoll-Rand had its price target raised by analysts at BMO Capital Markets to $115.00. They now have an “outperform” rating on the stock.
  • 2/1/2018 – Ingersoll-Rand had its price target raised by analysts at Stifel Nicolaus from $101.00 to $112.00. They now have a “buy” rating on the stock.
  • 1/23/2018 – Ingersoll-Rand was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ingersoll is focusing on improving the efficiencies and capabilities of products and services within its core businesses to improve profitability and reiterated its earlier bullish guidance on favorable growth dynamics. 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 future. However, Ingersoll has underperformed the industry in the last three months. Operating risks from high R&D costs for technology-driven products are expected to weigh on margins and impair its long-term growth to some extent. Brexit could further result in higher tariff and non-tariff barriers to trade between the U.K. and the European Union, lowering productivity of the company.”
  • 1/22/2018 – Ingersoll-Rand is now covered by analysts at UBS Group AG. They set a “buy” rating and a $105.00 price target on the stock.
  • 1/22/2018 – Ingersoll-Rand was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $102.00 price target on the stock. According to Zacks, “Ingersoll is focusing on improving the efficiencies and capabilities of products and services within its core businesses to improve profitability and reiterated its earlier bullish guidance on favorable growth dynamics. 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 future. Additionally, the company’s complementary portfolio of products and services is likely to assist it in strengthening the market position and achieving high productivity. However, Ingersoll has underperformed the industry in the last three months. Operating risks from high R&D costs for technology-driven products are expected to weigh on margins and impair its long-term growth to some extent.”

Ingersoll-Rand PLC (IR) opened at $89.16 on Monday. Ingersoll-Rand PLC has a twelve month low of $77.26 and a twelve month high of $97.67. The company has a market capitalization of $22,278.22, a P/E ratio of 17.59, a P/E/G ratio of 1.91 and a beta of 1.33. The company has a quick ratio of 0.95, a current ratio of 1.27 and a debt-to-equity ratio of 0.41.

Ingersoll-Rand (NYSE:IR) last released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.01). Ingersoll-Rand had a return on equity of 16.91% and a net margin of 9.17%. The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.52 billion. During the same quarter in the prior year, the company posted $0.84 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. analysts expect that Ingersoll-Rand PLC will post 5.17 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.02%. Ingersoll-Rand’s dividend payout ratio is currently 35.50%.

In other Ingersoll-Rand news, Chairman Michael W. Lamach sold 210,508 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $88.28, for a total transaction of $18,583,646.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jared L. Cohon sold 2,350 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.40, for a total value of $217,140.00. Following the transaction, the director now owns 25,766 shares in the company, valued at approximately $2,380,778.40. The disclosure for this sale can be found here. Corporate insiders own 0.63% of the company’s stock.

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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