IR - Ingersoll-Rand Plc

NYSE - NYSE Delayed Price. Currency in USD
146.55
+0.93 (+0.64%)
At close: 4:04PM EST
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Previous Close145.62
Open145.90
Bid0.00 x 900
Ask0.00 x 900
Day's Range145.07 - 146.60
52 Week Range102.69 - 146.60
Volume940,257
Avg. Volume1,413,870
Market Cap34.925B
Beta (5Y Monthly)1.31
PE Ratio (TTM)25.39
EPS (TTM)5.77
Earnings DateApr 27, 2020 - May 03, 2020
Forward Dividend & Yield2.12 (1.45%)
Ex-Dividend DateMar 11, 2020
1y Target Est142.88
  • Business Wire

    Ingersoll Rand Announces Details for Anticipated Completion of Spin-Off and Subsequent Merger of its Industrial Segment

    Ingersoll-Rand plc (NYSE: IR) today announced that it has set a record date of February 24, 2020 for the proposed spin-off of its Industrial segment. The spin-off and the previously announced merger are expected to be completed on February 29, 2020, subject to certain remaining conditions including the approval by the stockholders of Gardner Denver Holdings, Inc. (NYSE: GDI).

  • Yolo to spend $10M now on climate upgrades to save money over time
    American City Business Journals

    Yolo to spend $10M now on climate upgrades to save money over time

    Yolo County will spend $10.4 million to make its buildings more energy efficient in order to achieve its climate goal plans. The work by Trane Inc., which will include swapping out old heating and air conditioning units, transformers, water faucets and lighting, is expected to achieve a net positive financial impact of $4.3 million over 15 years, according to the county. The biggest power savers will be replacing aging HVAC units, said Jenny Tan, Yolo County public information officer.

  • Business Wire

    New Chief Accounting Officer Named for Future Trane Technologies

    Heather Howlett, vice president and corporate controller of Ingersoll-Rand plc (NYSE:IR) has been promoted to vice president and chief accounting officer of the future Trane Technologies, effective at the completion of the Reverse Morris Trust transaction announced in April 2019.

  • Thomson Reuters StreetEvents

    Edited Transcript of IR earnings conference call or presentation 29-Jan-20 3:00pm GMT

    Q4 2019 Ingersoll-Rand PLC Earnings Call

  • Business Wire

    Ingersoll Rand Reports Results of Voting from Extraordinary General Meeting and Declares Quarterly Dividend

    Ingersoll-Rand plc (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, held an Extraordinary General Meeting of shareholders in Dublin, Ireland to approve the change of name of Ingersoll-Rand plc to Trane Technologies plc.

  • Ingersoll-Rand Plc Just Released Its Full-Year Results And Analysts Are Updating Their Estimates
    Simply Wall St.

    Ingersoll-Rand Plc Just Released Its Full-Year Results And Analysts Are Updating Their Estimates

    It's been a good week for Ingersoll-Rand Plc (NYSE:IR) shareholders, because the company has just released its latest...

  • Apprenticeship program building ready workforce in two Triad counties
    American City Business Journals

    Apprenticeship program building ready workforce in two Triad counties

    Egger Wood Products, Davidson County Community College leading the way for the Davidson and Davie Apprenticeship Consortium.

  • Ingersoll-Rand (IR) Q4 Earnings & Revenues Lag, Bookings Dip
    Zacks

    Ingersoll-Rand (IR) Q4 Earnings & Revenues Lag, Bookings Dip

    Ingersoll-Rand's (IR) fourth-quarter 2019 revenues gain from strong segmental performance.

  • Ingersoll-Rand (IR) Lags Q4 Earnings and Revenue Estimates
    Zacks

    Ingersoll-Rand (IR) Lags Q4 Earnings and Revenue Estimates

    Ingersoll-Rand (IR) delivered earnings and revenue surprises of -1.41% and -0.06%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Industrial Stocks' Earnings Due on Jan 29: IR, SWK & More
    Zacks

    Industrial Stocks' Earnings Due on Jan 29: IR, SWK & More

    Impacts of soft industrial activities, tariff and forex issues, pricing actions and others are expected to get reflected in the results of industrial stocks, like IR and SWK, for the October-December quarter.

  • Business Wire

    Ingersoll Rand Reports Fourth-Quarter and Annual 2019 Results

    Ingersoll-Rand plc (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, today reported diluted earnings per share (EPS) from continuing operations of $1.12 for the fourth quarter of 2019. Adjusted continuing EPS of $1.40 excludes planned restructuring costs of $22 million primarily related to ongoing footprint optimization, and $56 million of anticipated Industrial segment separation and acquisition related costs consistent with expectations.

  • Ingersoll-Rand (IR) to Post Q4 Earnings: What's in Store?
    Zacks

    Ingersoll-Rand (IR) to Post Q4 Earnings: What's in Store?

    Strength in end markets, along with its productivity and pricing actions might have boosted Ingersoll-Rand's (IR) Q4 earnings. High costs and forex woes are likely to have affected its performance.

  • Ingersoll-Rand (IR) Reports Next Week: Wall Street Expects Earnings Growth
    Zacks

    Ingersoll-Rand (IR) Reports Next Week: Wall Street Expects Earnings Growth

    Ingersoll-Rand (IR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Business Wire

    Ingersoll Rand Named One of the World’s Most Admired Companies by FORTUNE

    Ingersoll-Rand plc (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, has been named one of the "World’s Most Admired Companies" by Fortune for the eighth consecutive year.

  • Breakup Is Another Word for Lack of New Ideas
    Bloomberg

    Breakup Is Another Word for Lack of New Ideas

    (Bloomberg Opinion) -- There’s no clearer sign we’ve reached peak breakup in industrials than a pure-play transportation and logistics company blaming a “conglomerate discount” for its decision to consider cleaving itself into smaller pieces.XPO Logistics Inc. confirmed late Wednesday that it was exploring strategic alternatives including the possible sale or spinoff of one or more of its units. The review could see businesses that generate as much as 75% of XPO’s revenue jettisoned, with the European, North American and Asia-Pacific supply-chain operations and its European and North American transportation arms all potentially on the block, people familiar with the matter told Bloomberg News. That would leave XPO with its North American short-haul trucking business. XPO CEO Brad Jacobs told Bloomberg TV he’s exploring breakup options because the company is suffering from a “conglomerate discount” and “Wall Street understands pure plays.”Those are in-vogue words right now for industrial CEOs after an unprecedented wave of breakups. But the majority of those splits involved businesses that had little or only tenuous connections to each other – think the separation of Ingersoll-Rand Plc’s golf cart, tools and pumps business from its HVAC division, or United Technologies Corp.’s breakup of its aviation, climate and elevator businesses. Even controversial breakups such as Honeywell International Inc.’s spinoff of its Resideo Technologies Inc. thermostat and Garrett Motion Inc. turbochargers businesses, or Fortive Corp.’s plan to carve out its legacy industrial products, involved divisions that clearly didn’t fit. XPO is splitting the hairs much more finely. According to its most recent annual filing, the company gets 65% of its revenue from transportation and 35% from logistics.All the same, the market clearly does love this move. The stock climbed more than 10% on the news, with some of that likely reflecting a squeeze on short sellers who have a 13.1% interest in shares outstanding, according to Markit. Citigroup Inc. analyst Christian Wetherbee estimated a breakup could add as much as $66 a share to XPO’s equity value. And that’s likely appealing for investors looking for a story to bet on amid generally elevated valuations elsewhere in industrial stocks. But it’s hard not to view this breakup plan as a waving of the white flag for a company that was built via consolidation but has struggled of late to get deals done. XPO hasn’t announced a major acquisition since 2015, despite Jacobs’s exclamation in 2017 that he was ready to spend up to $8 billion. Last year, XPO said it would pivot away from M&A and plow billions into share buybacks instead. That helped drive XPO shares to a 40% gain in 2019, despite a recession in freight markets.With its debt levels rising and little in the way of real earnings growth, keeping the party going presented a challenge. Jacobs laid out a plan in August to add as much as $1 billion of profit by 2022 via cost cuts and new business. Bloomberg Intelligence analyst Lee Klaskow, who noted at the time that such a push carried significant execution risk, says the breakup may be a sign that XPO had already squeezed all it could from the business as far as operating improvements and technology investments.The point of all of XPO’s M&A activity was to wring costs out of the combined operations and gain more negotiating clout with suppliers. Jacobs told Bloomberg TV that XPO’s combination of businesses had helped it add more than $2 billion of revenue organically. “We actually will lose some bargaining power as smaller companies with vendors because we won’t have the global procurement capability,” Jacobs said. But he thinks smaller, more agile businesses will be more appealing to both customers and shareholders.When a CEO is talking out of two sides of his mouth, it sure sounds like financial engineering.To contact the author of this story: Brooke Sutherland at bsutherland7@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Is Ingersoll-Rand Plc's (NYSE:IR) Capital Allocation Ability Worth Your Time?
    Simply Wall St.

    Is Ingersoll-Rand Plc's (NYSE:IR) Capital Allocation Ability Worth Your Time?

    Today we are going to look at Ingersoll-Rand Plc (NYSE:IR) to see whether it might be an attractive investment...

  • Business Wire

    Ingersoll Rand Schedules Fourth-Quarter and Full-Year 2019 Earnings Conference Call

    Ingersoll-Rand plc (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, will host a conference call to discuss its fourth-quarter and full-year 2019 financial results on Wednesday, January 29, 2020, at 10 a.m. ET. The company will issue its fourth-quarter and full-year 2019 earnings release and earnings presentation in advance of the call; both will be available on the Ingersoll Rand website.

  • Top-Rated Stocks: Ingersoll-Rand  Sees Composite Rating Climb To 96
    Investor's Business Daily

    Top-Rated Stocks: Ingersoll-Rand Sees Composite Rating Climb To 96

    Ingersoll-Rand saw its IBD SmartSelect Composite Rating rise to 96 Tuesday, up from 94 the day before. The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.

  • How Did Ingersoll-Rand Plc (IR) Compare Against Top Hedge Fund Stocks in 2019?
    Insider Monkey

    How Did Ingersoll-Rand Plc (IR) Compare Against Top Hedge Fund Stocks in 2019?

    Last year's fourth quarter was a rough one for investors and many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 4.8% during 2018 and average hedge fund losing about 1%. The Russell 2000, composed of smaller companies, performed even worse, trailing […]

  • Is Ingersoll-Rand Plc (NYSE:IR) Excessively Paying Its CEO?
    Simply Wall St.

    Is Ingersoll-Rand Plc (NYSE:IR) Excessively Paying Its CEO?

    Mike Lamach became the CEO of Ingersoll-Rand Plc (NYSE:IR) in 2010. This report will, first, examine the CEO...

  • B vs. IR: Which Stock Should Value Investors Buy Now?
    Zacks

    B vs. IR: Which Stock Should Value Investors Buy Now?

    B vs. IR: Which Stock Is the Better Value Option?

  • Ingersoll-Rand Stock Up 46.4% YTD: What's Driving the Rally?
    Zacks

    Ingersoll-Rand Stock Up 46.4% YTD: What's Driving the Rally?

    Ingersoll-Rand (IR) is likely to continue benefiting from acquisitions and strength in its non-residential HVAC market. However, costs are witnessing a rise.

  • Ingersoll Rand unveils details on new climate-control company
    American City Business Journals

    Ingersoll Rand unveils details on new climate-control company

    Ingersoll Rand (NYSE: IR) has unveiled the name and other specifics of its new company that's being created as a "pure play" in the area of climate control. Trane Technologies plc will have revenue of approximately $13 billion, according to an early estimate of the new company's numbers, and its stock will be traded on the New York Stock Exchange under the TT ticker symbol. In April, Ingersoll Rand announced its agreement to spin off its industrial segment and combine it with Gardner Denver (NYSE: GDI), a Milwaukee company.

  • Ingersoll-Rand's Climate Company Named Trane Technologies
    Zacks

    Ingersoll-Rand's Climate Company Named Trane Technologies

    Ingersoll-Rand's (IR) new climate company to be known as Trane Technologies. Leading products brands and innovation capabilities will enable Trane Technologies to offer effective solutions to customers.