The price target for Ingersoll-Rand PLC (
) was raised at Credit Suisse on Friday. The firm also increased
IR's earnings estimates.
The analysts at Credit Suisse now see shares of IR reaching $51,
a +5.8% increase to Thursday's closing price of $48.20. The firm
maintains an "Outperform" rating for Ingersoll-Rand.
Credit Suisse also boosted earnings estimates due to positive
expectations of future margins.
Ingersoll-Rand shares were flat in premarket trading on Friday.
The stock is up +58.19% year-to-date.
Ingersoll-Rand is a highly diversified, Ireland-based company
that focuses on products and services that enhances air flow in
homes and buildings, protects food and other perishables in climate
controlled transportation, and secures homes and
commercial properties. During the most recent quarter IR
earned a net income of $321.6 million on $3.59 billion in
Ingersoll-Rand Dividend in Focus
Ingersoll-Rand has paid out a
dividend of 64 cents per share over the past 12
, which is a dividend yield of 1.33% based on Thursday's closing
price of $48.20. After a small dip in dividend payout in the middle
of 2009, IR's has steadily increased its dividend each year. The
company last raised is quarterly dividend payout in March of 2012
to 16 cents per share, an increase of 4 cents from the previous
quarterly distribution. Ingersoll-Rand's next dividend of 16 cents
per share will trade ex-dividend later this month on December 12
with a pay date of December 28 (view the Dividend.com
for information on all upcoming ex-dividend dates).
Recent Ingersoll-Rand dividends include:
March 30, 2012:
June 29, 2012:
September 28, 2012
December 28, 2012
Due to the cut in dividend payment in 2009, Ingersoll-Rand's
dividend payout ratio dropped accordingly in 2010. However, the
ratio bounced back in 2011:
Ingersoll-Rand vs. The Competition
Dividend.com has identified several stocks that are in
the same sector as Ingersoll-Rand, including Illinois Tool Works
), Flowserve (
), and Nordson Corporation (
). Ingeroll-Rand's dividend yield seems to be in line with its
competition, however Illinois Tool Works offers a higher yield of
||Illinois Tool Works
to see all dividend-paying diversified machinery stocks, or run
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Ingersoll-Rand PLC (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.3 out of 5 stars.
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here