Ingersoll-Rand PLC (Ireland) (NYSE:IR) has received an average recommendation of “Hold” from the eighteen analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $99.40.

A number of equities analysts have issued reports on IR shares. Zacks Investment Research cut Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Stifel Nicolaus reduced their price objective on shares of Ingersoll-Rand PLC (Ireland) from $103.00 to $98.00 and set a “buy” rating for the company in a research note on Wednesday, September 13th. Bank of America Corporation downgraded shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 price objective for the company. in a research note on Tuesday, October 17th. Robert W. Baird set a $98.00 price objective on shares of Ingersoll-Rand PLC (Ireland) and gave the stock a “hold” rating in a research note on Thursday, August 24th. Finally, BidaskClub downgraded shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th.

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In related news, EVP Didier P. Teirlinck sold 26,174 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $86.10, for a total value of $2,253,581.40. Following the transaction, the executive vice president now directly owns 131,129 shares of the company’s stock, valued at $11,290,206.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marcia J. Avedon sold 10,460 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $94.00, for a total transaction of $983,240.00. Following the completion of the transaction, the insider now directly owns 111,637 shares in the company, valued at $10,493,878. The disclosure for this sale can be found here. Insiders have sold 50,731 shares of company stock worth $4,576,036 over the last ninety days. Insiders own 0.65% of the company’s stock.

A number of institutional investors have recently modified their holdings of IR. Highbridge Capital Management LLC acquired a new stake in Ingersoll-Rand PLC (Ireland) in the first quarter valued at approximately $269,000. Bank of Nova Scotia lifted its holdings in shares of Ingersoll-Rand PLC (Ireland) by 2.2% during the first quarter. Bank of Nova Scotia now owns 5,936 shares of the industrial products company’s stock worth $483,000 after purchasing an additional 127 shares during the period. Independent Portfolio Consultants Inc. lifted its holdings in shares of Ingersoll-Rand PLC (Ireland) by 6.6% during the second quarter. Independent Portfolio Consultants Inc. now owns 2,106 shares of the industrial products company’s stock worth $192,000 after purchasing an additional 131 shares during the period. Capital One National Association lifted its holdings in shares of Ingersoll-Rand PLC (Ireland) by 8.4% during the second quarter. Capital One National Association now owns 5,704 shares of the industrial products company’s stock worth $521,000 after purchasing an additional 441 shares during the period. Finally, First American Bank lifted its holdings in shares of Ingersoll-Rand PLC (Ireland) by 18.0% during the second quarter. First American Bank now owns 39,901 shares of the industrial products company’s stock worth $3,647,000 after purchasing an additional 6,083 shares during the period. Hedge funds and other institutional investors own 82.14% of the company’s stock.

Ingersoll-Rand PLC (IR) traded up $0.12 during trading hours on Friday, reaching $85.68. The company’s stock had a trading volume of 1,482,162 shares, compared to its average volume of 1,968,591. Ingersoll-Rand PLC has a 12-month low of $69.59 and a 12-month high of $96.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.89 and a current ratio of 1.24. The firm has a market cap of $21,526.12, a P/E ratio of 19.85, a price-to-earnings-growth ratio of 2.08 and a beta of 1.37.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last issued its earnings results on Wednesday, October 25th. The industrial products company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.43 by $0.01. The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 EPS. analysts forecast that Ingersoll-Rand PLC will post 4.51 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be issued 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 dividend yield of 2.10%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is presently 44.89%.

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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