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Company Update: Ingersoll-Rand Plc (NYSE:IR) – New Ingersoll Rand IQV20 W5132 ImpactoolTM is Most Powerful Cordless 3/8” Impact Wrench Available

[Business Wire] – Ingersoll Rand, a global leader in reliable and innovative power tools and the Official Power Tools of NASCAR®, announced the introduction of the IQV20 W5132 3/8” ImpactoolTM — the most powerful cordless 3/8” impact tool on the market. Read more on this. Ingersoll-Rand Plc (IR) , with a current value of $17.01B, ended session yesterday at $65.14. During today’s session, IR traded between $66.02 to $66.24 with a one year range of $47.08 to $69.45. Priced at 15.93x this year’s forecasted earnings, IR shares are relatively expensive compared to the industry’s 15.83x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.28 per share annually in dividends, yielding 1.96%. In a review of the consensus earnings estimate this quarter, 21 sell-side analysts are looking at $1.30 per share, which would be $0.10 better than the year-ago quarter and a $0.07 sequential increase. Investors should also note that the full-year EPS estimate of $4.09 is a $0.36 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.70 Billion. If reported, that would be a 2.78% increase 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. With the above information in mind, readers should note that the average price target is $72.95, which is 11.99% above where the stock opened this morning. See more in (NYSE:IR) Similar Articles: Stock Update: Ingersoll-Rand Plc (NYSE:IR) – Ingersoll Rand to Present at Electrical Products Group Conference Company Update: Ingersoll-Rand Plc (NYSE:IR) – Ingersoll Rand Introduces Ultra-Compact Impactools™ For Technicians Operating in Tight Spaces Market Update: Ingersoll-Rand Plc (NYSE:IR) – Ingersoll Rand to Present at Bank of America Merrill Lynch Global Industrials & EU Autos Conference
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