Ingersoll-Rand Plc (NYSE:IR) announced its earnings results on Friday. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.06, Stock Ratings Network reports. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.73 billion.
Ingersoll-Rand Plc (NYSE:IR) opened at 63.52 on Friday. Ingersoll-Rand Plc has a 52-week low of $44.65 and a 52-week high of $66.62. The stock’s 50-day moving average is $63.82 and its 200-day moving average is $59.05. The company has a market cap of $18.486 billion and a P/E ratio of 20.06.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Wednesday, October 30th.
A number of analysts have recently weighed in on IR shares. Analysts at Zacks reiterated a “neutral” rating on shares of Ingersoll-Rand Plc in a research note to investors on Tuesday, October 8th. They now have a $67.00 price target on the stock. On the ratings front, analysts at JPMorgan Chase & Co. reiterated a “buy” rating on shares of Ingersoll-Rand Plc in a research note to investors on Monday, October 7th. They now have a $72.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Ingersoll-Rand Plc from $55.00 to $60.00 in a research note to investors on Monday, October 7th. They now have an “equal weight” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Ingersoll-Rand Plc presently has an average rating of “Hold” and an average price target of $64.79.
Ingersoll-Rand plc (NYSE:IR) is a diversified, global company that provides products, services and solutions to enhance the comfort of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties.
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