It has been reported that multiple insider activity took place at Ingersoll-Rand Plc (IR). VP/Chief Accounting Officer Kuehn Christopher J sold 5,195 shares for $22,512 in transaction occurred on 2019/04/01. After making this transaction, VP/Chief Accounting Officer owns a direct stake of 4 shares, worth $2,575,551, as per the last closing price. On 2019/03/04 LAMACH MICHAEL W, Chairman and CEO at IR, dumped 105,064 shares at an average price of $105.74 per share. The selling total is valued at $34,606,307.
Sr VP and CFO, CARTER SUSAN K had divested 70,037 shares for $44,167 through a trade on 2019/03/04. Following this activity, the insider holds 8 shares worth $5,053,146 as of recent close.
Vanguard Total Stock Market Index Fund revealed as top hedge fund owner in Ingersoll-Rand Plc (IR) with a stake of over 6.25M IR shares as of September 29, with a market value of approx. $639.36M as of today. The second largest holder, Vanguard 500 Index Fund, with 4.57M shares which equates to $467.26M worth of the stock. At third is MFS Series Trust I-MFS Value Fund, which stood pat with 4.25M shares, a 1.56% position in Ingersoll-Rand Plc, worth $430.94M. The insider holding in stood at 0.2% while institutions hold 84.3%.
Ingersoll-Rand Plc (NYSE:IR) rose 1.54% in recent trade and currently has a stock-market value of $27.64B. The shares finished at $114.41, after trading as low as $113.46 earlier in the session. It hit an intraday high Friday at $114.5. Trading activity significantly improved as the volume at ready counter increased to 1,551,872 shares versus 1,230,395 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 1,473,965 shares. The stock is now 43.68% above against its bear-market low of $79.63 on April 24, 2018. It has retreated -0.08% since it’s 52-week high of $114.5 reached in April. Now the market price is up 35.72% on the year and up 25.41% YTD.
IR stock’s 50 day simple moving average (SMA 50) price is $106.31 and its 200-day simple moving average (SMA 200) price is $99.59. The company’s stock currently has a total float of 241.22M shares. Its weekly volatility is hovering around 1.15% and felt 1.32% volatility in price over a month. On the upside, the share price will test short term resistance at around $114.79. On a downside, the stock is likely to find some support, which begins at $113.75. The failure to get near-term support could push it to $113.08.
It had seen a positive analyst call from BofA/Merrill, which upgraded the stock from Neutral to Buy on April 04. Analysts at Wells Fargo, shed their positive views on March 18 by lowering it fromOutperform to Market Perform. Analysts at Deutsche Bank, made their first call about the stock on March 13, recommending it is Hold.
When looking at valuations, Ingersoll-Rand Plc (IR) has a cheap P/E of 21.16x as compared to industry average of 24.82x. Moreover, it trades for 16.4 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 3.98x price/book and 1.76x price/sales. Compared to others, Ingersoll-Rand Plc is in a different league with regards to profitability, having net margins of 8.5%. To put some perspective around this, the industry’s average net margin is 13.64%. IR’s ROE is 19%, which is also considerably better than the industry’s ROE of 10.91%. It’s also very liquid in the near term, with a current ratio of 1.3. The stock has a debt/capital of 0.58.
Shares of IR have gained 18.3% since the company’s most recent earnings report. Over the past 12 fiscal quarters, Ingersoll-Rand Plc (NYSE:IR) has topped consensus earnings estimates in 10 quarters (83%), missed earnings in 1 quarters (8%), whereas at 1 occasion EPS met analyst expectations. IR last reported earnings that exceeded expectations. The company raked in $1.32 per share, -33.67% change on the same period last year. That was better than consensus for $1.29. Revenue for the recent quarter stood at $3.9 billion, up 8% on last year and above the $3.86 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $4.51 billion to $4.63 billion, which should be compared with $4.32 billion generated last year. EPS is seen in a range of $1.97 to $2.1, against the $1.92 reported a year ago.