ValuEngine cut shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) from a buy rating to a hold rating in a research note released on Monday.

IR has been the topic of a number of other research reports. Zacks Investment Research raised Ingersoll-Rand PLC (Ireland) from a sell rating to a hold rating in a report on Monday. UBS AG set a $97.00 price target on Ingersoll-Rand PLC (Ireland) and gave the company a buy rating in a report on Thursday, July 27th. Royal Bank Of Canada reiterated a sector perform rating and issued a $93.00 price target (up from $90.00) on shares of Ingersoll-Rand PLC (Ireland) in a report on Thursday, July 27th. BidaskClub lowered Ingersoll-Rand PLC (Ireland) from a sell rating to a strong sell rating in a research report on Saturday, August 5th. Finally, Stifel Nicolaus dropped their price target on Ingersoll-Rand PLC (Ireland) from $103.00 to $98.00 and set a buy rating on the stock in a research report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. Ingersoll-Rand PLC (Ireland) currently has an average rating of Hold and an average target price of $99.22.

Ingersoll-Rand PLC (NYSE IR) opened at 89.93 on Monday. Ingersoll-Rand PLC has a 52-week low of $63.87 and a 52-week high of $94.39. The firm has a market cap of $22.81 billion, a price-to-earnings ratio of 22.33 and a beta of 1.33. The firm’s 50-day moving average price is $87.12 and its 200 day moving average price is $87.45.

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

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The company also recently declared 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. This represents a $1.80 annualized dividend and a dividend yield of 2.00%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is 44.78%.

In other news, EVP Didier P. Teirlinck sold 26,174 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 131,129 shares in the company, valued at $11,290,206.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard J. Swift sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $88.03, for a total value of $220,075.00. Following the transaction, the director now owns 65,932 shares of the company’s stock, valued at $5,803,993.96. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of IR. BlackRock Inc. raised its stake in Ingersoll-Rand PLC (Ireland) by 1,560.6% during the 1st quarter. BlackRock Inc. now owns 17,554,733 shares of the industrial products company’s stock valued at $1,427,553,000 after acquiring an additional 16,497,616 shares in the last quarter. Vanguard Group Inc. boosted its position in Ingersoll-Rand PLC (Ireland) by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 16,727,145 shares of the industrial products company’s stock worth $1,528,695,000 after acquiring an additional 245,210 shares during the period. JPMorgan Chase & Co. boosted its position in Ingersoll-Rand PLC (Ireland) by 182.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,926,345 shares of the industrial products company’s stock worth $1,089,950,000 after acquiring an additional 7,702,903 shares during the period. Ameriprise Financial Inc. boosted its position in Ingersoll-Rand PLC (Ireland) by 1.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,803,838 shares of the industrial products company’s stock worth $530,374,000 after acquiring an additional 94,526 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in Ingersoll-Rand PLC (Ireland) by 0.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,812,712 shares of the industrial products company’s stock worth $391,370,000 after acquiring an additional 41,198 shares during the period. Hedge funds and other institutional investors 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.

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

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