|Bid||119.30 x 800|
|Ask||131.80 x 900|
|Day's Range||131.64 - 133.23|
|52 Week Range||93.05 - 138.33|
|Beta (5Y Monthly)||1.23|
|PE Ratio (TTM)||23.67|
|Earnings Date||Jan 28, 2020|
|Forward Dividend & Yield||2.12 (1.60%)|
|Ex-Dividend Date||Dec 03, 2019|
|1y Target Est||139.89|
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.
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.
(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 email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis 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.
Today we are going to look at Ingersoll-Rand Plc (NYSE:IR) to see whether it might be an attractive investment...
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.
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.
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 […]
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 (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 (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.
Ingersoll-Rand plc (NYSE: IR) today introduced its pure-play climate company, announcing the new company name, strategy and executive leadership team.
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%.
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.
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 ...
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 […]
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.