Ingersoll-Rand PLC (Ireland) (NYSE:IR) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Saturday.

Other equities analysts have also issued research reports about the company. Zacks Investment Research upgraded Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research note on Thursday, May 18th. BMO Capital Markets restated a “buy” rating and issued a $100.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, May 2nd. Stifel Nicolaus lifted their price target on Ingersoll-Rand PLC (Ireland) from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, April 27th. Credit Suisse Group restated a “buy” rating and issued a $84.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, April 11th. Finally, UBS AG set a $97.00 price target on Ingersoll-Rand PLC (Ireland) and gave the company a “buy” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $97.43.

Shares of Ingersoll-Rand PLC (IR) opened at 88.18 on Friday. The company’s 50 day moving average price is $91.09 and its 200 day moving average price is $85.26. Ingersoll-Rand PLC has a 52-week low of $62.40 and a 52-week high of $94.39. The stock has a market cap of $22.37 billion, a PE ratio of 21.89 and a beta of 1.31.

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

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In other Ingersoll-Rand PLC (Ireland) news, insider Paul A. Camuti sold 6,960 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $89.90, for a total transaction of $625,704.00. Following the completion of the sale, the insider now directly owns 64,979 shares in the company, valued at approximately $5,841,612.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Robert Zafari sold 1,483 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $89.59, for a total value of $132,861.97. Following the sale, the executive vice president now owns 66,944 shares of the company’s stock, valued at $5,997,512.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,943 shares of company stock valued at $1,072,306. 0.65% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in Ingersoll-Rand PLC (Ireland) by 1,560.6% in the first quarter. BlackRock Inc. now owns 17,554,733 shares of the industrial products company’s stock worth $1,427,553,000 after buying an additional 16,497,616 shares during the period. JPMorgan Chase & Co. raised its stake in Ingersoll-Rand PLC (Ireland) by 55.7% in the first quarter. JPMorgan Chase & Co. now owns 4,223,442 shares of the industrial products company’s stock worth $343,449,000 after buying an additional 1,511,211 shares during the period. MARSHALL WACE ASIA Ltd bought a new stake in Ingersoll-Rand PLC (Ireland) during the first quarter worth about $33,005,000. Marshall Wace North America L.P. bought a new stake in Ingersoll-Rand PLC (Ireland) during the first quarter worth about $33,005,000. Finally, TIAA CREF Investment Management LLC raised its stake in Ingersoll-Rand PLC (Ireland) by 15.6% in the first quarter. TIAA CREF Investment Management LLC now owns 2,830,711 shares of the industrial products company’s stock worth $230,193,000 after buying an additional 383,018 shares during the period. Institutional investors own 83.11% of the company’s stock.

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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