UBS AG set a $97.00 price objective on Ingersoll-Rand PLC (Ireland) (NYSE:IR) in a report released on Thursday morning, thefly.com reports. The brokerage currently has a buy rating on the industrial products company’s stock.

IR has been the subject of a number of other research reports. Zacks Investment Research raised shares of Ingersoll-Rand PLC (Ireland) from a hold rating to a buy rating and set a $101.00 price objective for the company in a report on Friday, June 16th. Jefferies Group LLC reissued a buy rating and issued a $90.00 price objective on shares of Ingersoll-Rand PLC (Ireland) in a report on Friday, March 31st. Credit Suisse Group reissued a buy rating and issued a $84.00 price objective on shares of Ingersoll-Rand PLC (Ireland) in a report on Tuesday, April 11th. BMO Capital Markets reissued a buy rating and issued a $87.00 price objective on shares of Ingersoll-Rand PLC (Ireland) in a report on Thursday, April 20th. Finally, Royal Bank Of Canada upped their price objective on shares of Ingersoll-Rand PLC (Ireland) from $83.00 to $85.00 and gave the company a sector perform rating in a report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $97.43.

Shares of Ingersoll-Rand PLC (NYSE IR) traded down 0.28% during trading on Thursday, hitting $88.29. 304,901 shares of the company’s stock were exchanged. Ingersoll-Rand PLC has a 12-month low of $62.40 and a 12-month high of $94.39. The company has a market cap of $22.40 billion, a P/E ratio of 21.92 and a beta of 1.32. 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 issued its earnings results on Wednesday, July 26th. The industrial products company reported $1.49 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 during the quarter, compared to analysts’ expectations of $3.78 billion. During the same period in the prior year, the business earned $1.38 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities analysts expect that Ingersoll-Rand PLC will post $4.54 earnings per share for the current fiscal year.

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In other Ingersoll-Rand PLC (Ireland) news, EVP Robert Zafari sold 1,483 shares of the stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $89.59, for a total transaction of $132,861.97. Following the completion of the transaction, the executive vice president now owns 66,944 shares of the company’s stock, valued at $5,997,512.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul A. Camuti sold 6,960 shares of the stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $89.90, for a total transaction of $625,704.00. Following the transaction, the insider now directly owns 64,979 shares of the company’s stock, valued at approximately $5,841,612.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,943 shares of company stock valued at $1,072,306. 0.65% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Ingersoll-Rand PLC (Ireland) by 1,560.6% in the first quarter. BlackRock Inc. now owns 17,554,733 shares of the industrial products company’s stock valued at $1,427,553,000 after buying an additional 16,497,616 shares during the period. JPMorgan Chase & Co. raised its position in shares of Ingersoll-Rand PLC (Ireland) by 55.7% in the first quarter. JPMorgan Chase & Co. now owns 4,223,442 shares of the industrial products company’s stock valued at $343,449,000 after buying an additional 1,511,211 shares during the period. MARSHALL WACE ASIA Ltd bought a new position in shares of Ingersoll-Rand PLC (Ireland) during the first quarter valued at $33,005,000. Marshall Wace North America L.P. bought a new position in shares of Ingersoll-Rand PLC (Ireland) during the first quarter valued at $33,005,000. Finally, TIAA CREF Investment Management LLC raised its position in shares of Ingersoll-Rand PLC (Ireland) by 15.6% in the first quarter. TIAA CREF Investment Management LLC now owns 2,830,711 shares of the industrial products company’s stock valued at $230,193,000 after buying an additional 383,018 shares during the period. 82.66% of the stock is owned by institutional investors.

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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