Ingersoll-Rand PLC (Ireland) (IR) Coverage Initiated at UBS Group

UBS Group started coverage on shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) in a research note issued on Monday, www.tipranks.com reports. The brokerage set a “buy” rating and a $105.00 price target on the industrial products company’s stock. UBS Group’s price target suggests a potential upside of 16.87% from the stock’s current price.

IR has been the subject of a number of other research reports. ValuEngine downgraded shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Morgan Stanley increased their price target on shares of Ingersoll-Rand PLC (Ireland) from $94.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, September 25th. Bank of America downgraded shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 price target for the company. in a report on Tuesday, October 17th. Zacks Investment Research downgraded shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Finally, KeyCorp reiterated a “hold” rating on shares of Ingersoll-Rand PLC (Ireland) in a report on Sunday, November 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $100.36.

Shares of Ingersoll-Rand PLC (NYSE IR) traded down $1.09 on Monday, hitting $89.84. 1,196,553 shares of the stock were exchanged, compared to its average volume of 1,497,186. 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 stock has a market cap of $22,720.00, a P/E ratio of 22.46, a PEG ratio of 1.94 and a beta of 1.35. Ingersoll-Rand PLC has a 1-year low of $77.00 and a 1-year high of $96.23.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its quarterly earnings results 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. The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.71 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 7.47% and a return on equity of 16.65%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.41 EPS. equities analysts forecast that Ingersoll-Rand PLC will post 4.51 EPS for the current fiscal year.

In other Ingersoll-Rand PLC (Ireland) news, Chairman Michael W. Lamach sold 210,508 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $88.28, for a total transaction of $18,583,646.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.63% of the company’s stock.

A number of large investors have recently bought and sold shares of IR. Janus Henderson Group PLC boosted its stake in shares of Ingersoll-Rand PLC (Ireland) by 2,075.3% during the 2nd quarter. Janus Henderson Group PLC now owns 716,452 shares of the industrial products company’s stock worth $65,477,000 after purchasing an additional 683,516 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Ingersoll-Rand PLC (Ireland) by 87.4% during the 3rd quarter. Prudential Financial Inc. now owns 1,429,458 shares of the industrial products company’s stock worth $127,465,000 after purchasing an additional 666,550 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of Ingersoll-Rand PLC (Ireland) by 123.9% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,171,328 shares of the industrial products company’s stock worth $104,447,000 after purchasing an additional 648,196 shares during the last quarter. APG Asset Management N.V. boosted its stake in shares of Ingersoll-Rand PLC (Ireland) by 83.0% during the 3rd quarter. APG Asset Management N.V. now owns 1,418,049 shares of the industrial products company’s stock worth $126,447,000 after purchasing an additional 643,000 shares during the last quarter. Finally, CI Investments Inc. acquired a new stake in shares of Ingersoll-Rand PLC (Ireland) during the 3rd quarter worth about $41,259,000. Hedge funds and other institutional investors own 82.36% 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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