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

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

  • 1/31/2019 – Ingersoll-Rand had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $115.00 price target on the stock, up previously from $108.00.
  • 1/28/2019 – Ingersoll-Rand was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Over the past year, Ingersoll's shares have outperformed the industry. The company believes stellar sales generated from Commercial and Residential HVAC markets will bolster its revenues in the quarters ahead. On the other hand, robust sales volume, increased productivity, pricing actions and new investments made toward footprint-optimization initiatives are expected to boost its profitability in the upcoming quarters. However, the stock looks overvalued compared to its industry over the past year. Material cost inflation, rising freight charges, soaring wage cost and ongoing restructuring expenses might continue to weigh over the Ingersoll's near-term profitability. Also, its significant international presence exposes it to political and economic disruptions, all of which can directly impact its profits.”
  • 1/23/2019 – Ingersoll-Rand had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $115.00 price target on the stock.
  • 1/21/2019 – Ingersoll-Rand was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Ingersoll's shares have underperformed the industry over the past month. Material cost inflation, rising freight charges, soaring wage cost and ongoing restructuring expenses continue to hurt the company's financial performance. In third-quarter 2018, its cost of sales expanded 9.2%, and its selling and administrative expenses grew 7.6%. Further, high debt levels remain a concern; with third-quarter end balance increasing roughly 26.5% from the end of 2017. In addition, international operations exposed the company to risks arising from geopolitical tensions. In the past 30 days, earnings estimates for 2019 have decreased by 0.2%.”
  • 1/18/2019 – Ingersoll-Rand was downgraded by analysts at OTR Global to a “positive” rating.
  • 1/11/2019 – Ingersoll-Rand had its price target lowered by analysts at Barclays PLC from $115.00 to $110.00. They now have an “overweight” rating on the stock.
  • 12/31/2018 – Ingersoll-Rand had its “hold” rating reaffirmed by analysts at Zacks Investment Research. They now have a $97.00 price target on the stock. According to Zacks, “Over the past six months, Ingersoll's shares have outperformed the industry. The company believes stellar sales generated from Commercial and Residential HVAC markets will bolster its revenues in the quarters ahead. On the other hand, robust sales volume, increased productivity, pricing actions and new investments made toward footprint-optimization initiatives are expected to boost its profitability in the upcoming quarters. However, the stock looks overvalued compared to its industry over the past six-month period. Material cost inflation, rising freight charges, soaring wage cost and ongoing restructuring expenses might continue to weigh over the Ingersoll's near-term profitability. Over the past 7 days, Zacks Consensus Estimate for the company’s earnings has remained unchanged for both 2018 and 2019. “
  • 12/20/2018 – Ingersoll-Rand was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $104.00 price target on the stock. According to Zacks, “Over the past year, Ingersoll's shares have outperformed the industry. The company reported better-than-expected third-quarter 2018 earnings. Ingersoll believes stellar sales generated from Commercial and Residential HVAC markets, as well as strength in Transport Solutions, Industrial Fluid Management and Material Handling businesses will bolster its revenues in the quarters ahead. On the other hand, robust sales volume, increased productivity, pricing actions and new investments made toward footprint-optimization initiatives are expected to boost its profitability in the upcoming quarters. The company also raised its earnings view for 2018 from $5.00-$5.50 per share to the $5.55-$5.60 per share range. Over the past 60 days, Zacks Consensus Estimate for the company’s earnings has been revised upward for both 2018 and 2019. “
  • 12/19/2018 – Ingersoll-Rand was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Over the past six months, Ingersoll's shares have outperformed the industry. The company believes stellar sales generated from Commercial and Residential HVAC markets will bolster its revenues in the quarters ahead. On the other hand, robust sales volume, increased productivity, pricing actions and new investments made toward footprint-optimization initiatives are expected to boost its profitability in the upcoming quarters. However, the stock looks overvalued compared to its industry over the past six-month period. Material cost inflation, rising freight charges, soaring wage cost and ongoing restructuring expenses might continue to weigh over the Ingersoll's near-term profitability. Over the past 7 days, Zacks Consensus Estimate for the company's earnings has remained unchanged for both 2018 and 2019. “

Shares of NYSE:IR traded up $0.09 on Monday, hitting $102.01. The company’s stock had a trading volume of 16,583 shares, compared to its average volume of 1,711,981. Ingersoll-Rand PLC has a 12 month low of $79.63 and a 12 month high of $107.08. The stock has a market cap of $25.04 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 1.60 and a beta of 1.26. 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, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.03. Ingersoll-Rand had a return on equity of 19.78% and a net margin of 8.54%. The company had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter in the prior year, the business posted $1.02 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities research analysts predict that Ingersoll-Rand PLC will post 6.3 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 8th will be paid a $0.53 dividend. The ex-dividend date is Thursday, March 7th. This represents a $2.12 annualized dividend and a dividend yield of 2.08%. Ingersoll-Rand’s payout ratio is 37.79%.

In other news, insider Marcia J. Avedon sold 6,486 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher J. Kuehn sold 6,501 shares of the stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $99.85, for a total value of $649,124.85. The disclosure for this sale can be found here. In the last three months, insiders sold 179,394 shares of company stock valued at $16,334,324. Company insiders own 0.70% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Bank OZK lifted its holdings in shares of Ingersoll-Rand by 2.8% in the fourth quarter. Bank OZK now owns 5,041 shares of the industrial products company’s stock valued at $460,000 after buying an additional 135 shares during the period. Sigma Planning Corp lifted its holdings in shares of Ingersoll-Rand by 2.0% during the fourth quarter. Sigma Planning Corp now owns 6,819 shares of the industrial products company’s stock valued at $622,000 after purchasing an additional 136 shares during the last quarter. Legacy Financial Advisors Inc. lifted its holdings in shares of Ingersoll-Rand by 78.3% during the fourth quarter. Legacy Financial Advisors Inc. now owns 312 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 137 shares during the last quarter. Csenge Advisory Group lifted its holdings in shares of Ingersoll-Rand by 3.2% during the fourth quarter. Csenge Advisory Group now owns 4,711 shares of the industrial products company’s stock valued at $429,000 after purchasing an additional 148 shares during the last quarter. Finally, Horan Capital Advisors LLC. lifted its holdings in shares of Ingersoll-Rand by 0.5% during the fourth quarter. Horan Capital Advisors LLC. now owns 28,004 shares of the industrial products company’s stock valued at $2,555,000 after purchasing an additional 152 shares during the last quarter. 80.59% of the stock is owned by institutional investors.

Ingersoll-Rand plc designs, manufactures, sells, and services industrial and commercial products. It operates through Climate and Industrial segments. The Climate segment offers building management, bus, rail, and multi-pipe HVAC, control, container and cryogenic, diesel-powered, ductless, geothermal, package heating and cooling, rail and self-powered truck refrigeration, temporary heating and cooling, trailer refrigeration, unitary, and vehicle-powered truck refrigeration systems.

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