Company Update: Ingersoll-Rand Plc (NYSE:IR) – Ingersoll Rand Introduces Ultra-Compact Impactools™ For Technicians Operating in Tight Spaces

[Business Wire] – Ingersoll Rand, a global leader in reliable and innovative power tools, now offers the 35MAX and 15QMAX Ultra-Compact ImpactoolsTM, small, yet powerful tools that technicians and operators can use to quickly loosen or tighten a variety of fasteners in confined spaces. Read more on this. Ingersoll-Rand Plc (IR) , currently valued at $16.84B, opened this morning at $65.87. Looking at the stock, its one day range is $65.34 to $65.80 with the price of the stock fluctuating between $47.08 to $70.93 over the last 52 weeks. Ingersoll-Rand (IR) shares are currently priced at 16.18x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.47x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.28 per share annually in dividends, yielding 1.95%. In a review of the consensus earnings estimate this quarter, 21 sell-side analysts are looking at $1.30 per share, which would be $0.10 better than the year-ago quarter and a $0.07 sequential increase. The full-year EPS estimate is $4.05, which would be a $0.32 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.70 Billion. If reported, that would be a 2.78% increase over the year-ago quarter. In terms of ratings, Buckingham Research upgraded IR from Neutral to Buy (Apr 14, 2016). Previously, Credit Agricole downgraded IR from Buy to Outperform. Investors should keep in mind is that the average price target is $71.90, which is 9.15% above where the stock opened this morning. See more in (NYSE:IR) Similar Articles: Company Update (NYSE:IR): Ingersoll Rand Plant Manager Honored by the Manufacturing Institute for Accomplishments in the Manufacturing Industry Market Update: Ingersoll-Rand Plc (NYSE:IR) – Ingersoll Rand to Present at Bank of America Merrill Lynch Global Industrials & EU Autos Conference Market Update: Ingersoll-Rand Plc (NYSE:IR) – Market Influences Driving Equities – Analyst Notes on Mosaic, Ingersoll-Rand, Dover and Polaris Industries
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