Ingersoll-Rand PLC (Ireland) (IR) Receives Average Recommendation of “Hold” from Brokerages

Ingersoll-Rand PLC (Ireland) (NYSE:IR) has been assigned an average rating of “Hold” from the eighteen research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $99.56.

A number of analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the company a “buy” rating in a report on Monday, October 9th. Royal Bank of Canada lowered their price objective on shares of Ingersoll-Rand PLC (Ireland) from $93.00 to $91.00 and set a “sector perform” rating on the stock in a report on Thursday, October 26th. Stifel Nicolaus lowered their price objective on shares of Ingersoll-Rand PLC (Ireland) from $103.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Bank of America downgraded shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 price objective on the stock. in a report on Tuesday, October 17th. Finally, Morgan Stanley downgraded shares of Ingersoll-Rand PLC (Ireland) from an “overweight” rating to an “equal weight” rating and set a $98.00 price objective on the stock. in a report on Friday, October 27th.

Shares of Ingersoll-Rand PLC (NYSE:IR) traded up $0.15 on Friday, reaching $90.33. 1,237,600 shares of the company’s stock were exchanged, compared to its average volume of 1,551,758. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.89 and a current ratio of 1.24. Ingersoll-Rand PLC has a 1 year low of $77.00 and a 1 year high of $96.23. The company has a market capitalization of $22,700.00, a price-to-earnings ratio of 22.58, a P/E/G ratio of 1.93 and a beta of 1.35.

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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.01. Ingersoll-Rand PLC (Ireland) had a net margin of 7.47% and a return on equity of 16.65%. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same period last year, the company earned $1.41 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. research analysts forecast that Ingersoll-Rand PLC will post 4.51 EPS for the current year.

In related news, SVP Paul A. Camuti sold 14,097 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were 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 in the company, valued at $6,311,705. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Michael W. Lamach sold 210,508 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $88.28, for a total transaction of $18,583,646.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 235,065 shares of company stock worth $20,906,101. 0.63% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of Ingersoll-Rand PLC (Ireland) in the third quarter valued at about $3,576,000. Prudential Financial Inc. boosted its position in shares of Ingersoll-Rand PLC (Ireland) by 87.4% in the third quarter. Prudential Financial Inc. now owns 1,429,458 shares of the industrial products company’s stock valued at $127,465,000 after acquiring an additional 666,550 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of Ingersoll-Rand PLC (Ireland) by 1,451.5% in the third quarter. Asset Management One Co. Ltd. now owns 407,780 shares of the industrial products company’s stock valued at $36,362,000 after acquiring an additional 381,497 shares during the period. RKL Wealth Management LLC boosted its position in shares of Ingersoll-Rand PLC (Ireland) by 20.9% in the third quarter. RKL Wealth Management LLC now owns 11,966 shares of the industrial products company’s stock valued at $1,069,000 after acquiring an additional 2,072 shares during the period. Finally, State of Wisconsin Investment Board boosted its position in shares of Ingersoll-Rand PLC (Ireland) by 5.5% in the third quarter. State of Wisconsin Investment Board now owns 226,326 shares of the industrial products company’s stock valued at $20,181,000 after acquiring an additional 11,824 shares during the period. 82.59% of the stock is owned by institutional investors.

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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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