Ingersoll-Rand PLC (Ireland) (NYSE:IR) has received an average recommendation of “Hold” from the seventeen research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $99.89.

A number of brokerages have recently weighed in on IR. Citigroup Inc. increased their target price on Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the stock a “buy” rating in a research note on Monday. ValuEngine lowered Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded Ingersoll-Rand PLC (Ireland) from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. Morgan Stanley increased their target price on Ingersoll-Rand PLC (Ireland) from $94.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, September 25th. Finally, J P Morgan Chase & Co lowered Ingersoll-Rand PLC (Ireland) from an “overweight” rating to a “neutral” rating in a research note on Wednesday, September 20th.

Ingersoll-Rand PLC (NYSE:IR) traded up 0.05% during mid-day trading on Wednesday, hitting $91.43. The stock had a trading volume of 1,215,339 shares. The stock’s 50 day moving average price is $88.04 and its 200 day moving average price is $87.94. The firm has a market capitalization of $23.19 billion, a price-to-earnings ratio of 22.70 and a beta of 1.33. Ingersoll-Rand PLC has a one year low of $63.87 and a one year high of $94.39.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its earnings results on Wednesday, July 26th. The industrial products company reported $1.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.03. The company had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.78 billion. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.64% and a net margin of 7.60%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.38 earnings per share. Analysts forecast that Ingersoll-Rand PLC will post $4.54 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.97%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is presently 44.78%.

In other news, EVP Didier P. Teirlinck sold 26,174 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $86.10, for a total value of $2,253,581.40. Following the transaction, the executive vice president now owns 131,129 shares in the company, valued at approximately $11,290,206.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard J. Swift sold 2,500 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction on Monday, August 7th. The shares were sold at an average price of $88.03, for a total value of $220,075.00. Following the completion of the transaction, the director now owns 65,932 shares in the company, valued at approximately $5,803,993.96. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Fulton Bank N.A. increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 30.8% in the 3rd quarter. Fulton Bank N.A. now owns 15,611 shares of the industrial products company’s stock valued at $1,393,000 after purchasing an additional 3,677 shares during the last quarter. W. E. Donoghue & Co. LLC bought a new position in shares of Ingersoll-Rand PLC (Ireland) in the 2nd quarter valued at $2,316,000. USA Financial Portformulas Corp increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 18.2% in the 2nd quarter. USA Financial Portformulas Corp now owns 42,307 shares of the industrial products company’s stock valued at $3,866,000 after purchasing an additional 6,507 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 23.9% in the 2nd quarter. Toronto Dominion Bank now owns 86,786 shares of the industrial products company’s stock valued at $7,930,000 after purchasing an additional 16,757 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 1.9% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 7,375 shares of the industrial products company’s stock valued at $674,000 after purchasing an additional 140 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.

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Ingersoll-Rand PLC (Ireland) Company Profile

Ingersoll-Rand Public Limited Company provides products, services and solutions to improve the quality and comfort of air in homes and buildings, transport and protect food and perishables. The Company’s business segments include Climate and Industrial. It is engaged in the design, manufacture, sale and service of a portfolio of industrial and commercial products that include brand names, such as Ingersoll-Rand, Trane, American Standard, ARO and Club Car.

Analyst Recommendations for Ingersoll-Rand PLC (Ireland) (NYSE:IR)

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