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Company Update (NYSE:IR): Ingersoll Rand Plant Manager Honored by the Manufacturing Institute for Accomplishments in the Manufacturing Industry

[Business Wire] – Marcy McClanahan, a plant manager with Ingersoll Rand, a world leader in creating comfortable, sustainable and efficient environments, will be recognized as one of 130 recipients of The Manufacturing Institute’s 2016 Women in Manufacturing STEP Ahead Award. Read more on this. Ingersoll-Rand Plc (IR) , with a current value of $16.46B, started the session at $63.70. Looking at the stock, its one day range is $63.41 to $64.18 and has traded between $47.08 and $70.93 over the past year. IR shares are currently priced at 16.23x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.60x forward p/e ratio. The company pays shareholders $1.28 per share annually in dividends, yielding 2.00%. In a review of the consensus earnings estimate this quarter, 20 sell-side analysts are looking at $0.37 per share, which would be $0.01 worse than the year-ago quarter and a $0.03 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $3.92, which would be a $0.19 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.89 Billion. If realized, that would be a 0.00% decrease over the year-ago quarter. More recently, Buckingham Research upgraded IR from Neutral to Buy (Apr 14, 2016). Previously, Credit Agricole downgraded IR from Buy to Outperform. The average price target for IR shares by the analysts covering the stock is $67.00, which is 5.18% above where the stock opened this morning. See more in (NYSE:IR) Similar Articles: Market Update: Ingersoll-Rand Plc (NYSE:IR) – Ingersoll Rand to Present at Bank of America Merrill Lynch Global Industrials & EU Autos Conference Market Update: Ingersoll-Rand Plc (NYSE:IR) – Market Influences Driving Equities – Analyst Notes on Mosaic, Ingersoll-Rand, Dover and Polaris Industries Company Update (NYSE:IR): Ingersoll Rand Makes Key Executive Appointments
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