Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Ingersoll-Rand PLC    IR   IE00B6330302

Delayed Quote. Delayed  - 08/25 10:02:03 pm
67.79 USD   +0.36%
08/23 INGERSOLL RAND : New Ingersoll Rand Rotary Screw Air Compressors wit..
08/22 INGERSOLL RAND : New Ingersoll Rand® Rotary Screw Air Compressors wi..
08/22 INGERSOLL RAND : New Ingersoll Rand® Rotary Screw Air Compressors wi..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Ingersoll-Rand PLC : Ingersoll-Rand's Allegion Announces $1.3 Billion Financing

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/28/2013 | 12:23am CEST
   By Anna Prior 
 

Ingersoll-Rand PLC (>> Ingersoll-Rand PLC) said Friday its security business unit, Allegion, has completed $1.3 billion in financing using loans and bonds.

Late last year, the diversified industrial company said it plans to spin off Allegion, consisting of Ingersoll-Rand's commercial and residential security businesses, into a standalone company as part of a broader compromise with Trian Fund Management LP. The spinoff is slated to happen by the end of the year.

The new company will be headed by David Petratis, who has been chief executive of Quanex Building Products Corp. (>> Quanex Building Products Corporation), and will manufacture door locks and locking systems for residential and commercial buildings.

On Friday, Ingersoll-Rand said Allegion completed an offering of $300 million of senior notes, as well as the syndication of $1 billion senior secured term loan facilities.

Allegion plans to use the net proceeds from the offering of the notes and the senior secured term loan facilities to pay a special cash distribution to Ingersoll-Rand prior to the proposed spinoff, with any remaining amounts used for general corporate purposes, said Ingersoll-Rand.

In July, Ingersoll-Rand reported its second-quarter profit fell 13% as higher expenses and tax provisions wiped out the company's rise in revenue.

Shares, inactive after hours, closed Friday at $65.42. Through the close, the stock has risen 36% since the start of the year.

Write to Anna Prior at anna.prior@wsj.com

Stocks mentioned in the article : Ingersoll-Rand PLC, Quanex Building Products Corporation
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on INGERSOLL-RAND PLC
08/23 INGERSOLL RAND : New Ingersoll Rand Rotary Screw Air Compressors with Variable S..
08/22 INGERSOLL RAND : New Ingersoll Rand® Rotary Screw Air Compressors with Variable ..
08/22 INGERSOLL RAND : New Ingersoll Rand® Rotary Screw Air Compressors with Variable ..
08/15 INGERSOLL RAND : Green Builder Magazine Celebrates Ingersoll Rand as an Eco-Lead..
08/15 INGERSOLL RAND : Green Builder Magazine Celebrates Ingersoll Rand as an Eco-Lead..
08/15 INGERSOLL RAND : Listed on FTSE4Good Index Series for Second Consecutive Year
08/12 INGERSOLL RAND : Listed on FTSE4Good Index Series for Second Consecutive Year
08/11 INGERSOLL RAND : Green Builder Magazine Celebrates Ingersoll Rand as an Eco-Lead..
08/10 INGERSOLL RAND : Assigned Ornamental Design Patent
08/08 INGERSOLL RAND : Declares Quarterly Dividend
More news
Sector news : Industrial Machinery & Equipment - NEC
03:03aDJMettler-Toledo to Join S&P 500
08/19DJEmerson to Buy Pentair Valves-and-Controls Unit for $3.15 Billion -- 2nd Upda..
08/18DJEmerson to Buy Pentair Valves-and-Controls Unit for $3.15 Billion
08/18DJEmerson to Buy Pentair Valves-and-Controls Unit for $3.15 Billion--Update
08/18DJEmerson to Buy Pentair Valves-and-Controls Unit for $3.15 Billion
More sector news : Industrial Machinery & Equipment - NEC
News from SeekingAlpha
08/14 Tracking David Tepper's Appaloosa Management Portfolio - Q2 2016 Update
08/06 Barron's picks six sleeper safety stocks
08/05 Ingersoll-Rand declares $0.32 dividend
08/05 DIVIDEND INCOME UPDATE : July 2016
07/27 Ingersoll-Rand plc 2016 Q2 - Results - Earnings Call Slides
Advertisement
Financials ($)
Sales 2016 13 505 M
EBIT 2016 1 585 M
Net income 2016 1 319 M
Debt 2016 2 574 M
Yield 2016 1,91%
P/E ratio 2016 14,04
P/E ratio 2017 15,17
EV / Sales 2016 1,49x
EV / Sales 2017 1,42x
Capitalization 17 490 M
More Financials
Chart INGERSOLL-RAND PLC
Duration : Period :
Ingersoll-Rand PLC Technical Analysis Chart | IR | IE00B6330302 | 4-Traders
Full-screen chart
Technical analysis trends INGERSOLL-RAND PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 74,5 $
Spread / Average Target 9,9%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Michael W. Lamach Chairman, President & Chief Executive Officer
Keith Sultana Senior Vice President-Global Operations
Susan K. Carter Chief Financial Officer & Senior Vice President
Paul A. Camuti Chief Technology Officer & Senior VP-Innovation
Stephen Hagood Chief Information Officer & Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
INGERSOLL-RAND PLC22.61%17 428
DANAHER CORPORATION12.89%55 664
FANUC CORP-17.89%34 722
ATLAS COPCO AB16.22%34 402
STANLEY BLACK & DECKER..14.11%18 292
ROPER TECHNOLOGIES INC-6.83%17 893
More Results