Ingersoll-Rand (NYSE:IR) Stock Hikes to Record High Since 2007 as Expects Higher Profit – IR, LII, AAON, SWK

Ingersoll-Rand PLC (NYSE:IR) announced a better-than-projected profit in fiscal fourth-quarter and reported 2013 earnings could hike almost 11%, lifted by an improving United States housing market.

Shares of air-conditioning and heating systems maker for businesses and homes, which plans to spin off its security business current year, hiked to record high point since late 2007 after the news.

The company projected to earn $3.45 to $3.65 a share current year on Friday. Ingersoll forecasts revenue surge 1% to 4% for full year to a range of $14.2 billion to $14.6 billion.

Ireland based Ingersoll announced that net profit in the fiscal fourth-quarter moved down 2.7% to $235.6 million or 78 cents a share, from $242.2 million or 76 cents a share in the similar period earlier year.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Lennox International Inc. (NYSE:LII) rose +0.09% to settle at $57.56, AAON, Inc. (NASDAQ:AAON) moved up +1.63% to end at $23.11 while Stanley Black & Decker, Inc. (NYSE:SWK) jumped +0.70% to finish at $77.37 on Friday.

Ingersoll-Rand PLC (NYSE:IR) on Feb 01, 2013 increased +1.89% to the closing price of $52.36. The overall volume in the last trading session was 3.21 million shares. Its fifty two weeks range was $35.36 – $52.70. The total market capitalization remained at $15.76 billion.

IR is ahead of its 52-week low with 52.06% and looking forward from its 52-week high price with 1.18%. IR’s last month’s stock price volatility remained 1.50%. In its share capital IR has 301.00 million outstanding shares, among them 300.61 million shares have been floated in market exchange. IR’s stock’s institutional ownership remained 80.38% while insider ownership included 0.30%.

The stock price of IR is moving forward from its 20 days moving average with 4.13% and remote positively from 50 days moving average with 7.36%. IR’s current year’s earnings per share experienced a downfall of -47.27% while its current quarter performance remained at 11.71%. Company’s beta coefficient included 1.74. Beta factors measure the amount of market risk associated with market trade.

 

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