Shares of Ingersoll-Rand PLC (NYSE:IR) have received an average recommendation of “Buy” from the nineteen ratings firms that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $115.71.

Several brokerages have issued reports on IR. Zacks Investment Research cut shares of Ingersoll-Rand from a “buy” rating to a “hold” rating in a research note on Monday, April 15th. KeyCorp lifted their target price on shares of Ingersoll-Rand from $112.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Bank of America raised shares of Ingersoll-Rand from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $105.00 to $130.00 in a research note on Thursday, April 4th. Barclays lifted their target price on shares of Ingersoll-Rand from $111.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. Finally, Morgan Stanley set a $120.00 target price on shares of Ingersoll-Rand and gave the stock a “buy” rating in a research note on Tuesday, February 26th.

Ingersoll-Rand stock traded down $0.04 during trading on Monday, reaching $112.79. The company had a trading volume of 2,007,299 shares, compared to its average volume of 1,469,761. Ingersoll-Rand has a 1-year low of $79.63 and a 1-year high of $114.55. The stock has a market capitalization of $27.31 billion, a P/E ratio of 20.11, a P/E/G ratio of 1.69 and a beta of 1.28. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 1.33.

Ingersoll-Rand (NYSE:IR) last released its quarterly earnings results on Wednesday, January 30th. The industrial products company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.03. Ingersoll-Rand had a net margin of 8.54% and a return on equity of 19.78%. The firm had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter last year, the company earned $1.02 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. Sell-side analysts predict that Ingersoll-Rand will post 6.29 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $2.12 annualized dividend and a yield of 1.88%. Ingersoll-Rand’s dividend payout ratio (DPR) is presently 37.79%.

In other news, VP Christopher J. Kuehn sold 6,501 shares of Ingersoll-Rand stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $99.85, for a total transaction of $649,124.85. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Marcia J. Avedon sold 6,486 shares of Ingersoll-Rand stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $99.24, for a total value of $643,670.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 242,747 shares of company stock worth $25,550,072. 0.70% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BLB&B Advisors LLC raised its holdings in shares of Ingersoll-Rand by 14.2% during the 1st quarter. BLB&B Advisors LLC now owns 13,882 shares of the industrial products company’s stock worth $1,499,000 after acquiring an additional 1,722 shares during the period. Financial Gravity Wealth Inc. purchased a new stake in Ingersoll-Rand in the 1st quarter valued at about $38,000. Barometer Capital Management Inc. purchased a new stake in Ingersoll-Rand in the 1st quarter valued at about $443,000. Eastern Bank purchased a new stake in Ingersoll-Rand in the 1st quarter valued at about $1,879,000. Finally, Oakbrook Investments LLC raised its holdings in Ingersoll-Rand by 3.3% in the 1st quarter. Oakbrook Investments LLC now owns 24,200 shares of the industrial products company’s stock valued at $2,612,000 after buying an additional 775 shares during the period. Institutional investors and hedge funds own 81.15% of the company’s stock.

Ingersoll-Rand Company Profile

Ingersoll-Rand Plc designs, manufactures, sells, and services industrial and commercial products. The company operates through Climate and Industrial segments. The Climate segment offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality; industrial refrigeration; motor replacements; refrigerant reclamation; thermostats/controls; transport heater products; and water source heat pumps.

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Analyst Recommendations for Ingersoll-Rand (NYSE:IR)

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