Ingersoll-Rand PLC (Ireland) (NYSE:IR)‘s stock had its “hold” rating restated by research analysts at Robert W. Baird in a research report issued on Friday.

IR has been the subject of a number of other research reports. Citigroup Inc. upped their target price on shares of Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Stifel Nicolaus dropped their target price on shares of Ingersoll-Rand PLC (Ireland) from $103.00 to $101.00 and set a “buy” rating for the company in a report on Thursday, October 26th. Royal Bank Of Canada dropped their target price on shares of Ingersoll-Rand PLC (Ireland) from $93.00 to $91.00 and set a “sector perform” rating for the company in a report on Thursday, October 26th. Bank of America Corporation lowered shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 target price for the company. in a report on Tuesday, October 17th. Finally, Morgan Stanley lowered shares of Ingersoll-Rand PLC (Ireland) from an “overweight” rating to an “equal weight” rating and set a $98.00 target price for the company. in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $99.18.

Ingersoll-Rand PLC (IR) traded down $0.20 during trading hours on Friday, reaching $85.06. 322,652 shares of the company’s stock were exchanged, compared to its average volume of 1,728,321. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 0.89. The firm has a market capitalization of $21,300.00, a PE ratio of 19.21, a PEG ratio of 2.01 and a beta of 1.37. Ingersoll-Rand PLC has a 52 week low of $74.02 and a 52 week high of $96.23.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.01. The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 7.47% and a return on equity of 16.65%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.41 earnings per share. equities research analysts predict that Ingersoll-Rand PLC will post 4.51 earnings per share for the current year.

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In other Ingersoll-Rand PLC (Ireland) news, insider Marcia J. Avedon sold 10,460 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $94.00, for a total transaction of $983,240.00. Following the completion of the transaction, the insider now owns 111,637 shares of the company’s stock, valued at $10,493,878. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Paul A. Camuti sold 14,097 shares of the stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $95.00, for a total transaction of $1,339,215.00. Following the transaction, the senior vice president now directly owns 66,439 shares of the company’s stock, valued at approximately $6,311,705. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Sterling Capital Management LLC boosted its stake in Ingersoll-Rand PLC (Ireland) by 16.1% during the third quarter. Sterling Capital Management LLC now owns 74,921 shares of the industrial products company’s stock worth $6,681,000 after buying an additional 10,362 shares during the period. Aspen Investment Management Inc boosted its stake in Ingersoll-Rand PLC (Ireland) by 42.4% during the third quarter. Aspen Investment Management Inc now owns 3,525 shares of the industrial products company’s stock worth $314,000 after buying an additional 1,050 shares during the period. Piedmont Investment Advisors LLC lifted its position in shares of Ingersoll-Rand PLC (Ireland) by 858.3% during the third quarter. Piedmont Investment Advisors LLC now owns 33,405 shares of the industrial products company’s stock worth $2,979,000 after purchasing an additional 29,919 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Ingersoll-Rand PLC (Ireland) by 4.7% during the third quarter. California Public Employees Retirement System now owns 674,158 shares of the industrial products company’s stock worth $60,115,000 after purchasing an additional 30,005 shares in the last quarter. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Ingersoll-Rand PLC (Ireland) during the third quarter worth about $152,000. 82.52% of the stock is owned by institutional investors.

About Ingersoll-Rand PLC (Ireland)

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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