Ingersoll-Rand PLC (Ireland) (NYSE:IR)‘s stock had its “buy” rating restated by stock analysts at Stifel Nicolaus in a report issued on Thursday. They presently have a $103.00 price objective on the industrial products company’s stock, up from their prior price objective of $98.00. Stifel Nicolaus’ price objective indicates a potential upside of 16.36% from the company’s current price.

Several other brokerages have also recently issued reports on IR. Wolfe Research began coverage on shares of Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, July 11th. They set a “market perform” rating on the stock. Credit Suisse Group restated a “buy” rating and set a $105.00 target price on shares of Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, July 11th. Zacks Investment Research cut shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, BidaskClub cut shares of Ingersoll-Rand PLC (Ireland) from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $99.13.

Ingersoll-Rand PLC (NYSE IR) opened at 88.52 on Thursday. The stock has a market cap of $22.45 billion, a P/E ratio of 21.98 and a beta of 1.30. The stock has a 50 day moving average price of $86.28 and a 200 day moving average price of $86.41. Ingersoll-Rand PLC has a 12-month low of $62.97 and a 12-month 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 (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.03. The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 7.60% and a return on equity of 16.64%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.38 EPS. On average, analysts forecast that Ingersoll-Rand PLC will post $4.54 earnings per share for the current fiscal year.

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In other Ingersoll-Rand PLC (Ireland) news, Director Richard J. Swift sold 2,500 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $88.03, for a total value of $220,075.00. Following the transaction, the director now directly owns 65,932 shares in the company, valued at approximately $5,803,993.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Didier P. Teirlinck sold 26,174 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $86.10, for a total transaction of $2,253,581.40. Following the completion of the transaction, the executive vice president now owns 131,129 shares in the company, valued at $11,290,206.90. 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 modified their holdings of the business. Benjamin F. Edwards & Company Inc. grew its stake in Ingersoll-Rand PLC (Ireland) by 0.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,885 shares of the industrial products company’s stock worth $264,000 after acquiring an additional 12 shares in the last quarter. Savant Capital LLC grew its stake in Ingersoll-Rand PLC (Ireland) by 0.6% in the 1st quarter. Savant Capital LLC now owns 2,767 shares of the industrial products company’s stock worth $225,000 after acquiring an additional 16 shares in the last quarter. Edmond DE Rothschild Holding S.A. grew its stake in Ingersoll-Rand PLC (Ireland) by 0.3% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 6,169 shares of the industrial products company’s stock worth $502,000 after acquiring an additional 17 shares in the last quarter. Zions Bancorporation grew its stake in Ingersoll-Rand PLC (Ireland) by 1.1% in the 1st quarter. Zions Bancorporation now owns 2,001 shares of the industrial products company’s stock worth $163,000 after acquiring an additional 22 shares in the last quarter. Finally, Creative Planning grew its stake in Ingersoll-Rand PLC (Ireland) by 0.3% in the 2nd quarter. Creative Planning now owns 9,769 shares of the industrial products company’s stock worth $893,000 after acquiring an additional 32 shares in the last quarter. Institutional investors and hedge funds own 80.58% 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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