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Ingersoll-Rand plc (IR)

- NYSE
  • Dec. 24, 2013, 10:05 AM
    • Ingersoll-Rand (IR +0.4%) is still Market Perform-rated at Wells Fargo post the ALLE spin.
    • "While we see longer-term upside potential to IR's stock price driven by good exposure to non-residential construction markets that could have modest growth potential and internal margin improvement initiatives, we believe the stock is currently appropriately valued," analyst Andrew Casey says.
    • Price target cut to $60-63 to account for the spin-off.
    | Comment!
  • Dec. 9, 2013, 11:38 AM
    • Ingersoll-Rand (IR) catches a downgrade to Neutral from Buy at MKM Partners.
    • "With expectations that recovery is upon us and the Allegion spin complete, valuation appears fair versus other premium multi-industrials and the IR-specific major catalysts are behind us," analyst Joshua Pokrzywinski says, adding that he isn't "convinced that 2014 will be a strong recovery year for institutional markets where IR's larger HVAC offering is more prominent."
    • Price target is $58.
    | Comment!
  • Dec. 2, 2013, 12:45 PM
    | 3 Comments
  • Nov. 22, 2013, 5:23 PM
    • Ingersoll-Rand (IR) home/business security spinoff Allegion will be taking struggling J.C. Penney's (JCP) place in the S&P 500. Deutsche recently raised this possibility.
    • J.C. Penney will subsequently join the S&P 400. The change will take place following the Nov. 29 close.
    • JCP -1.4% AH.
    | 7 Comments
  • Oct. 18, 2013, 10:17 AM
    • Ingersoll-Rand (IR +5.5%) is strong in morning trading after putting up a solid quarter.
    • "We realized revenue growth and earnings per share above our guidance, and continued to deliver excellent operating leverage in the quarter," CEO Michael Lamach says.
    • U.S. revenues +5%, international +3%.
    • Adjusted operating margin rose 140 bps from Q3 2012.
    • Climate Solutions revenue +4% Y/Y. Bookings +7%. (PR)
    • Outlook: FY13 adjusted EPS of $3.55-3.60 on sales of $14.3-14.4B. Q4 adjusted EPS $0.85-0.90 on revenue of $3.5-3.6B. Consensus for the full year is $3.59/share on revenue of $14.38B and for Q4, the Street sees $0.94/share on $3.6B in sales.
    | Comment!
  • Oct. 18, 2013, 7:03 AM
    • Ingersoll-Rand (IR): Q3 EPS of $1.16 beats by $0.06.
    • Revenue of $3.75B (+4% Y/Y) beats by $0.02B. (PR)
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  • Oct. 18, 2013, 12:05 AM
  • Oct. 17, 2013, 5:30 PM
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  • Oct. 2, 2013, 8:08 AM
    • Ingersoll-Rand plc (IR) declares $0.21/share quarterly dividend, in line with previous.
    • Forward yield 1.29%
    • Payable Nov. 15; for shareholders of record Nov. 1; ex-div Oct. 30.
    | Comment!
  • Sep. 23, 2013, 10:59 AM
    • Ingersoll Rand (IR -1.5%) announces a private offering of senior notes from its Allegion subsidiary.
    • Allegion plans to use the funds to pay a special cash dividend back to the parent company in advance of a spinoff of assets.
    | Comment!
  • Sep. 5, 2013, 11:07 AM
    • Ingersoll-Rand (IR +0.4%) names Susan Carter CFO, succeeding Steve Shawley who has been with the company for two decades and will assist in the transition period.
    • Carter has nine years of experience as a public company CFO and thirty years of experience in diversified manufacturing and service environments. (PR)
    | Comment!
  • Aug. 9, 2013, 5:50 PM
    • Ingersoll-Rand plc (IR) declares $0.21/share quarterly dividend, in line with previous.
    • Forward yield 1.38%
    • Payable Sept. 30; for shareholders of record Sept. 13; ex-div Sept. 11.
    | Comment!
  • Jul. 22, 2013, 2:27 PM
    Ingersoll-Rand (IR -2%) "has years of substantial margin upside remaining," UBS says, hiking the price target on the shares from $61 to $71 representing a 15% upside from current levels. Analyst Jason Feldman sees FY14 EPS of $4.50/ share versus consensus of $4.20 and notes that UBS "believes we are in the early stages of a multi-year non-residential construction recovery."
    | Comment!
  • Jul. 19, 2013, 7:41 AM
    More on Ingersoll-Rand (IR) Q2: net profit -13.3% to $317.2M Operating margin 12.3%, adjusted margin 13%. Breakdown: Climate Solutions revenues +5% to $2.06B, bookings +4%; Residential Solutions revenues +9% to $713M, bookings fall by a mid-single digit percentage; Industrial Technologies revenues -3% to $763M, bookings fall slightly. Security Technologies revenues -3% to $399M, bookings increase by a low-single digit percentage. Narrows FY EPS forecast by $0.05 cents on both sides to $3.50-3.60 vs consensus of $3.58; forecasts revenues of $14.2-14.4B vs 14.4B. Q3 outlook: EPS of $1.07-1.12 vs 1.10 and revenues of $3.65-3.75B vs 3.76B. (PR)
    | Comment!
  • Jul. 19, 2013, 7:03 AM
    Ingersoll-Rand (IR): Q2 EPS of $1.03 misses by $0.05. Revenue of $3.93B (+3% Y/Y) beats by $0.05B. (PR)
    | Comment!
  • Jul. 19, 2013, 12:05 AM
    Notable earnings before Friday’s open: BHI, COL, FHN, FNFG, GE, HON, IPG, IR, KSU, LH, MAN, SLB, STI, STT, VFC, WHR
    | Comment!
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Company Description
Ingersoll-Rand PLC provides products, services and solutions to enhance the quality and comfort of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties, and increase industrial productivity.