Hot Stock That Must Be in Your Portfolio: Ingersoll-Rand Plc (NYSE: IR)

On Friday, Shares of Ingersoll-Rand Plc (NYSE: IR) gained 0.46% to $92.55. The stock grabbed the investor’s attention and traded 1,565,957 shares as compared to its average daily volume of 1.80M shares. The stock’s institutional ownership stands at 84.10%.

Ingersoll-Rand PLC (IR) stated third-quarter net income of $515.10M. On a per-share basis, the Dublin-based company said it had profit of $2.06. Earnings, adjusted for non-recurring gains, were $1.75 per share. The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.72 per share.

The manufacturer posted revenue of $4.03B in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $4.02B. Ingersoll-Rand expects full-year earnings in the range of $5.55 to $5.60 per share.

IR has a market value of $22.80B while its EPS was booked as $6.29 in the last 12 months. The stock has 246.40M shares outstanding. In the profitability analysis, the company has gross profit margin of 31.20% while net profit margin was 10.00%. Beta value of the company was 1.28; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.00.

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