ValuEngine downgraded shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) from a buy rating to a hold rating in a report published on Monday morning.

IR has been the subject of several other reports. Zacks Investment Research raised shares of Ingersoll-Rand PLC (Ireland) from a hold rating to a buy rating and set a $97.00 target price for the company in a report on Friday, July 28th. Morgan Stanley lifted their target price 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. Credit Suisse Group AG reaffirmed a buy rating and set a $105.00 target price on shares of Ingersoll-Rand PLC (Ireland) in a report on Tuesday, July 11th. BidaskClub cut shares of Ingersoll-Rand PLC (Ireland) from a hold rating to a sell rating in a research note on Thursday, July 27th. Finally, Stifel Nicolaus dropped their price target on shares of Ingersoll-Rand PLC (Ireland) from $103.00 to $98.00 and set a buy rating on the stock in a research note on Wednesday, September 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $99.22.

Ingersoll-Rand PLC (NYSE IR) traded up 0.99% during trading on Monday, hitting $91.79. 1,321,281 shares of the company’s stock were exchanged. The firm has a market cap of $23.28 billion, a price-to-earnings ratio of 22.79 and a beta of 1.33. The company’s 50-day moving average price is $87.48 and its 200 day moving average price is $87.57. Ingersoll-Rand PLC has a 12-month low of $63.87 and a 12-month high of $94.39.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its earnings results on Wednesday, July 26th. The industrial products company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.03. The firm had revenue of $3.91 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.38 EPS. Equities analysts forecast that Ingersoll-Rand PLC will post $4.54 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.80 annualized dividend and a yield of 1.98%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is presently 44.78%.

In other Ingersoll-Rand PLC (Ireland) news, Director Richard J. Swift sold 2,500 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction on Monday, August 7th. The shares were sold at an average price of $88.03, for a total transaction of $220,075.00. Following the sale, the director now owns 65,932 shares of the company’s stock, valued at approximately $5,803,993.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Didier P. Teirlinck sold 26,174 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction on 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 sale, the executive vice president now directly owns 131,129 shares in the company, valued at approximately $11,290,206.90. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of IR. Advisory Services Network LLC raised its holdings in shares of Ingersoll-Rand PLC (Ireland) by 19.5% during the 2nd quarter. Advisory Services Network LLC now owns 1,304 shares of the industrial products company’s stock worth $119,000 after acquiring an additional 213 shares during the period. Israel Discount Bank of New York purchased a new position in shares of Ingersoll-Rand PLC (Ireland) during the 1st quarter worth $126,000. Acrospire Investment Management LLC raised its holdings in shares of Ingersoll-Rand PLC (Ireland) by 250.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the industrial products company’s stock worth $128,000 after acquiring an additional 1,000 shares during the period. Harfst & Associates Inc. raised its holdings in shares of Ingersoll-Rand PLC (Ireland) by 43.9% during the 2nd quarter. Harfst & Associates Inc. now owns 1,580 shares of the industrial products company’s stock worth $144,000 after acquiring an additional 482 shares during the period. Finally, Zions Bancorporation raised its holdings in shares of Ingersoll-Rand PLC (Ireland) by 1.1% during 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 during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

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.

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Analyst Recommendations for Ingersoll-Rand PLC (Ireland) (NYSE:IR)

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