3 Stocks That Are Filling Up the Piggy Bank

Overflowing piles of cash mean these companies could return much more value to shareholders

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3 Stocks That Are Filling Up the Piggy Bank

Ingersoll-Rand

IngersollRand185 3 Stocks That Are Filling Up the Piggy BankCash: $2.21 billion
1-Year Growth Rate: 144%
Cash Relative to Market Cap: 11.7%
1-Year Total Return: 40.1%

Like Parker-Hannifin, Ingersoll-Rand (IR) is a industrial-sector conglomerate socking away the cash. Also like Parker-Hannifin, the dividend needs to rise to get back to average levels. The current yield is 1.3% but the five-year average stands at 1.7%.

And, make no mistake, IR is good for its payouts. It has paid dividends without a break since 1910. The company also is returning cash to shareholders through a $2 billion share repurchase program.


Article printed from InvestorPlace Media, http://investorplace.com/2013/09/3-companies-socking-away-the-cash/.

©2014 InvestorPlace Media, LLC

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