IR - Ingersoll-Rand Plc

NYSE - NYSE Delayed Price. Currency in USD
133.92
+1.03 (+0.78%)
At close: 4:05PM EST
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Previous Close132.89
Open133.27
Bid133.95 x 800
Ask138.38 x 900
Day's Range133.16 - 134.24
52 Week Range92.24 - 138.33
Volume1,251,065
Avg. Volume1,315,506
Market Cap31.915B
Beta (5Y Monthly)1.23
PE Ratio (TTM)24.08
EPS (TTM)5.56
Earnings DateJan 28, 2020
Forward Dividend & Yield2.12 (1.60%)
Ex-Dividend DateDec 03, 2019
1y Target Est139.89
  • 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.

  • Business Wire

    Ingersoll Rand Introduces Future Climate Company, Trane Technologies

    Ingersoll-Rand plc (NYSE: IR) today introduced its pure-play climate company, announcing the new company name, strategy and executive leadership team.

  • MarketWatch

    Ingersoll Rand names Christopher Kuehn as CFO, replacing Susan Carter who is retiring

    Industrial company Ingersoll-Rand PLC said Tuesday it has named Christopher Kuehn as its chief financial officer, effective next year, replacing Susan Carter, who is retiring. Kuehn is vice president and chief accounting officer at the Dublin-based company, which he joined in 2015. The executive has done stints at Whirlpool Corp. and PricewaterhouseCoopers. Shares were not active premarket, but have gained 44% in 2019, while the S&P 500 has gained 25%.

  • Business Wire

    Ingersoll Rand Announces Chief Financial Officer Succession Plan

    Ingersoll-Rand plc (NYSE: IR) today announced that Susan K. Carter, senior vice president and chief financial officer of Ingersoll Rand, has communicated her planned retirement in 2020, in conjunction with the close of the Reverse Morris Trust (RMT) transaction with Gardner Denver Holdings, Inc. Christopher J. Kuehn will succeed Carter as senior vice president and chief financial officer of the pure-play climate company, effective upon the close of the transaction expected in early 2020. He will report directly to Chairman and CEO, Michael W. Lamach.

  • Benzinga

    Wells Fargo Upgrades Ingersoll-Rand On Higher ClimateCo Potential

    Ingersoll-Rand PLC (NYSE: IR ) is on track to spin-off its industrial business (IndustrialCo) in early 2020 and the potential of standalone ClimateCo seems “ready to be realized post-split,” according ...

  • Can Ingersoll-Rand Plc (NYSE:IR) Maintain Its Strong Returns?
    Simply Wall St.

    Can Ingersoll-Rand Plc (NYSE:IR) Maintain Its Strong Returns?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

  • Why Is Ingersoll-Rand (IR) Up 3.1% Since Last Earnings Report?
    Zacks

    Why Is Ingersoll-Rand (IR) Up 3.1% Since Last Earnings Report?

    Ingersoll-Rand (IR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • HVAC Stocks to Buoy on Dovish Fed & Housing Market Strength
    Zacks

    HVAC Stocks to Buoy on Dovish Fed & Housing Market Strength

    Heating, ventilation and air conditioning are well poised to gain from the American housing market's newfound might.

  • Is Ingersoll-Rand Plc (IR) A Good Stock To Buy According To Hedgies?
    Insider Monkey

    Is Ingersoll-Rand Plc (IR) A Good Stock To Buy According To Hedgies?

    Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]

  • Should We Worry About Ingersoll-Rand Plc's (NYSE:IR) P/E Ratio?
    Simply Wall St.

    Should We Worry About Ingersoll-Rand Plc's (NYSE:IR) P/E Ratio?

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll look at...

  • GuruFocus.com

    5 Companies Hit 52-Week Highs

    These five companies have recently managed to achieve 52-week highs Continue reading...

  • Why North Carolina's big solar law may need a reboot
    American City Business Journals

    Why North Carolina's big solar law may need a reboot

    A state law that had been the subject of more than a year of negotiations between Duke Energy, solar developers, industrial customers, clean-air advocates and other stakeholders is foundering, some supporters concede.

  • Thomson Reuters StreetEvents

    Edited Transcript of IR earnings conference call or presentation 29-Oct-19 2:00pm GMT

    Q3 2019 Ingersoll-Rand PLC Earnings Call

  • Ingersoll-Rand (IR) Beats Q3 Earnings and Sales Estimates
    Zacks

    Ingersoll-Rand (IR) Beats Q3 Earnings and Sales Estimates

    Ingersoll-Rand's (IR) third-quarter earnings reflect positive impacts of revenue growth, margin expansion and lower share count.

  • Is Now An Opportune Moment To Examine Ingersoll-Rand Plc (NYSE:IR)?
    Simply Wall St.

    Is Now An Opportune Moment To Examine Ingersoll-Rand Plc (NYSE:IR)?

    Today we're going to take a look at the well-established Ingersoll-Rand Plc (NYSE:IR). The company's stock saw...

  • Ingersoll-Rand (IR) Q3 Earnings and Revenues Top Estimates
    Zacks

    Ingersoll-Rand (IR) Q3 Earnings and Revenues Top Estimates

    Ingersoll-Rand (IR) delivered earnings and revenue surprises of 4.19% and 1.40%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?