Ingersoll-Rand PLC (Ireland) (NYSE:IR) – Investment analysts at Jefferies Group dropped their FY2017 earnings per share estimates for shares of Ingersoll-Rand PLC (Ireland) in a report issued on Thursday. Jefferies Group analyst S. Volkmann now forecasts that the industrial products company will post earnings per share of $4.55 for the year, down from their previous estimate of $4.60.

Several other brokerages also recently commented on IR. Robert W. Baird restated a “hold” rating on shares of Ingersoll-Rand PLC (Ireland) in a report on Friday, November 17th. Royal Bank of Canada dropped their target price on shares of Ingersoll-Rand PLC (Ireland) from $93.00 to $91.00 and set a “sector perform” rating on the stock in a report on Thursday, October 26th. Citigroup lifted their price objective on shares of Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the company a “buy” rating in a report on Monday, October 9th. Zacks Investment Research upgraded shares of Ingersoll-Rand PLC (Ireland) from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Stifel Nicolaus lowered their price objective on shares of Ingersoll-Rand PLC (Ireland) from $103.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. Ingersoll-Rand PLC (Ireland) has an average rating of “Hold” and an average target price of $99.18.

Shares of Ingersoll-Rand PLC (NYSE IR) opened at $90.93 on Friday. 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 company has a market cap of $22,720.00, a P/E ratio of 22.73, a price-to-earnings-growth ratio of 1.93 and a beta of 1.35. Ingersoll-Rand PLC has a fifty-two week low of $77.00 and a fifty-two week high of $96.23.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its earnings results on Wednesday, October 25th. The industrial products company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.43 by $0.01. The firm had revenue of $3.67 billion for 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 quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the company posted $1.41 EPS.

In related news, Chairman Michael W. Lamach sold 210,508 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $88.28, for a total value of $18,583,646.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Paul A. Camuti sold 14,097 shares of the firm’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $95.00, for a total transaction of $1,339,215.00. Following the completion of the transaction, the senior vice president now directly owns 66,439 shares of the company’s stock, valued at $6,311,705. The disclosure for this sale can be found here. Insiders sold 235,065 shares of company stock worth $20,906,101 over the last quarter. 0.63% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC grew its stake in shares of Ingersoll-Rand PLC (Ireland) by 19.5% in the second quarter. Advisory Services Network LLC now owns 1,304 shares of the industrial products company’s stock valued at $119,000 after buying an additional 213 shares in the last quarter. Harfst & Associates Inc. boosted its position in Ingersoll-Rand PLC (Ireland) by 43.9% during the second quarter. Harfst & Associates Inc. now owns 1,580 shares of the industrial products company’s stock worth $144,000 after purchasing an additional 482 shares during the period. Valeo Financial Advisors LLC bought a new position in Ingersoll-Rand PLC (Ireland) during the third quarter worth $152,000. Bessemer Group Inc. boosted its position in Ingersoll-Rand PLC (Ireland) by 185.5% during the third quarter. Bessemer Group Inc. now owns 1,967 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 1,278 shares during the period. Finally, Chicago Partners Investment Group LLC bought a new position in Ingersoll-Rand PLC (Ireland) during the third quarter worth $178,000. 82.59% of the stock is owned by institutional investors and hedge funds.

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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.

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