The FY2016 EPS Estimates for the Ingersoll-Rand PLC Upgraded by the Analyst (IR)

The FY2016 EPS Estimates for the Ingersoll-Rand PLC Upgraded by the Analyst (IR)

Ingersoll-Rand PLC (NYSE:IR) – Equities researchers at Jefferies Group lifted their FY2016 earnings per share estimates for shares of Ingersoll-Rand PLC in a note issued to investors on Wednesday. Jefferies Group analyst S. Volkmann now expects that the firm will post earnings per share of $4.22 for the year, up from their previous forecast of $4.10. Jefferies Group has a “Buy” rating and a $90.00 price target on the stock.

IR has been the subject of several other reports. Zacks Investment Research lowered shares of Ingersoll-Rand PLC from a “hold” rating to a “sell” rating in a report on Tuesday, September 27th. KeyCorp reaffirmed a “hold” rating on shares of Ingersoll-Rand PLC in a report on Monday, October 10th. Royal Bank Of Canada lifted their price target on shares of Ingersoll-Rand PLC from $74.00 to $76.00 and gave the company a “sector perform” rating in a report on Thursday, October 27th. Finally, Buckingham Research lowered shares of Ingersoll-Rand PLC from a “buy” rating to a “neutral” rating in a report on Wednesday, November 16th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Ingersoll-Rand PLC has an average rating of “Hold” and a consensus target price of $70.63.

Ingersoll-Rand PLC (NYSE:IR) traded up 0.63% during mid-day trading on Friday, hitting $76.89. 676,405 shares of the stock traded hands. The firm has a market cap of $19.86 billion, a PE ratio of 13.34 and a beta of 1.37. Ingersoll-Rand PLC has a 12-month low of $47.08 and a 12-month high of $79.21. The stock has a 50 day moving average price of $75.33 and a 200 day moving average price of $68.43.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Ingersoll-Rand PLC by 1.7% in the second quarter. Vanguard Group Inc. now owns 15,011,170 shares of the company’s stock worth $955,911,000 after buying an additional 244,964 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Ingersoll-Rand PLC by 13.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 8,088,082 shares of the company’s stock worth $549,504,000 after buying an additional 928,743 shares in the last quarter. FMR LLC raised its stake in Ingersoll-Rand PLC by 13.4% in the second quarter. FMR LLC now owns 6,340,082 shares of the company’s stock worth $403,736,000 after buying an additional 751,271 shares in the last quarter. Boston Partners raised its stake in Ingersoll-Rand PLC by 6.3% in the third quarter. Boston Partners now owns 5,151,812 shares of the company’s stock worth $350,014,000 after buying an additional 307,129 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Ingersoll-Rand PLC by 3.0% in the second quarter. American Century Companies Inc. now owns 4,676,382 shares of the company’s stock worth $297,792,000 after buying an additional 134,737 shares in the last quarter. Institutional investors and hedge funds own 81.29% of the company’s stock.

In related news, EVP Didier P. Teirlinck sold 7,216 shares of the business’s stock in a transaction that occurred on Wednesday, December 7th. The shares were sold at an average price of $75.89, for a total value of $547,622.24. Following the sale, the executive vice president now directly owns 110,695 shares in the company, valued at approximately $8,400,643.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gary S. Michel sold 10,708 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $74.00, for a total transaction of $792,392.00. Following the completion of the sale, the insider now owns 37,005 shares in the company, valued at $2,738,370. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by corporate insiders.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 9th will be issued a $0.40 dividend. This is an increase from Ingersoll-Rand PLC’s previous quarterly dividend of $0.32. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Wednesday, December 7th. Ingersoll-Rand PLC’s payout ratio is presently 27.78%.

Ingersoll-Rand PLC Company Profile

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