Royal Bank Of Canada reaffirmed their sector perform rating on shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) in a research report report published on Thursday, Marketbeat.com reports. They currently have a $93.00 target price on the industrial products company’s stock, up from their prior target price of $90.00.

Other research analysts have also issued research reports about the stock. Stifel Nicolaus upped their price objective on shares of Ingersoll-Rand PLC (Ireland) from $90.00 to $100.00 and gave the company a buy rating in a research note on Thursday, April 27th. Credit Suisse Group reiterated a buy rating and issued a $84.00 price objective on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, April 11th. Zacks Investment Research upgraded shares of Ingersoll-Rand PLC (Ireland) from a hold rating to a buy rating and set a $101.00 price objective on the stock in a research note on Friday, June 16th. BMO Capital Markets reiterated a buy rating and issued a $100.00 price objective on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, May 2nd. Finally, Jefferies Group LLC reiterated a buy rating and issued a $90.00 price objective on shares of Ingersoll-Rand PLC (Ireland) in a research note on Friday, March 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $97.43.

Ingersoll-Rand PLC (NYSE IR) traded down 0.78% during mid-day trading on Thursday, reaching $87.85. 801,111 shares of the company’s stock traded hands. The company has a market capitalization of $22.28 billion, a price-to-earnings ratio of 21.81 and a beta of 1.32. Ingersoll-Rand PLC has a 52-week low of $62.40 and a 52-week high of $94.39. The company has a 50-day moving average of $91.13 and a 200-day moving average of $84.98.

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

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In related news, insider Paul A. Camuti sold 3,500 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $89.64, for a total transaction of $313,740.00. Following the completion of the sale, the insider now directly owns 61,519 shares of the company’s stock, valued at approximately $5,514,563.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul A. Camuti sold 6,960 shares of the stock in a transaction on Monday, June 5th. The shares were sold at an average price of $89.90, for a total transaction of $625,704.00. Following the completion of the sale, the insider now directly owns 64,979 shares of the company’s stock, valued at $5,841,612.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,943 shares of company stock valued at $1,072,306. 0.65% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of IR. Israel Discount Bank of New York bought a new stake in shares of Ingersoll-Rand PLC (Ireland) during the first quarter worth $126,000. Tradewinds Capital Management LLC increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 9.0% in the first quarter. Tradewinds Capital Management LLC now owns 1,690 shares of the industrial products company’s stock worth $137,000 after buying an additional 140 shares during the period. Zions Bancorporation increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 1.1% in the first quarter. Zions Bancorporation now owns 2,001 shares of the industrial products company’s stock worth $163,000 after buying an additional 22 shares during the period. Parallel Advisors LLC increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 9.6% in the first quarter. Parallel Advisors LLC now owns 2,003 shares of the industrial products company’s stock worth $178,000 after buying an additional 176 shares during the period. Finally, Independent Portfolio Consultants Inc. increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 6.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,106 shares of the industrial products company’s stock worth $192,000 after buying an additional 131 shares during the period. 82.66% of the stock is owned by hedge funds and other institutional investors.

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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