Ingersoll-Rand PLC (NYSE:IR) shares gapped up prior to trading on Thursday . The stock had previously closed at $67.16, but opened at $67.52. Ingersoll-Rand PLC shares last traded at $68.06, with a volume of 838,534 shares.

Several analysts have recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of Ingersoll-Rand PLC in a research report on Wednesday. They set an “outperform” rating and a $80.00 price objective for the company. Zacks Investment Research downgraded shares of Ingersoll-Rand PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Credit Suisse Group AG reiterated a “buy” rating and issued a $72.00 price target on shares of Ingersoll-Rand PLC in a research report on Sunday. Wells Fargo & Co. reiterated a “hold” rating on shares of Ingersoll-Rand PLC in a research report on Sunday, May 1st. Finally, Jefferies Group reiterated a “buy” rating and issued a $75.00 price target on shares of Ingersoll-Rand PLC in a research report on Wednesday, April 27th. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $67.12.

The company’s 50 day moving average price is $64.94 and its 200 day moving average price is $59.85. The firm has a market cap of $17.51 billion and a PE ratio of 23.66.

Ingersoll-Rand PLC (NYSE:IR) last announced its quarterly earnings data on Tuesday, April 26th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.13. During the same quarter last year, the business earned $0.38 earnings per share. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.88 billion. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Equities analysts anticipate that Ingersoll-Rand PLC will post $4.09 earnings per share for the current year.

In other Ingersoll-Rand PLC news, SVP Marcia J. Avedon sold 10,000 shares of the firm’s stock in a transaction on Thursday, April 28th. The stock was sold at an average price of $66.31, for a total value of $663,100.00. Following the sale, the senior vice president now directly owns 121,038 shares in the company, valued at $8,026,029.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Gary S. Michel sold 11,000 shares of the firm’s stock in a transaction on Tuesday, May 3rd. The shares were sold at an average price of $65.76, for a total value of $723,360.00. Following the completion of the sale, the senior vice president now owns 30,426 shares in the company, valued at $2,000,813.76. The disclosure for this sale can be found here.

Other large investors recently bought and sold shares of the company. American National Bank & Trust Co. VA boosted its stake in Ingersoll-Rand PLC by 3.1% in the fourth quarter. American National Bank & Trust Co. VA now owns 32,418 shares of the company’s stock worth $1,792,000 after buying an additional 962 shares during the last quarter. Smith Salley & Associates boosted its stake in Ingersoll-Rand PLC by 2.3% in the fourth quarter. Smith Salley & Associates now owns 69,537 shares of the company’s stock worth $3,844,000 after buying an additional 1,555 shares during the last quarter. ProShare Advisors LLC boosted its stake in Ingersoll-Rand PLC by 5.5% in the fourth quarter. ProShare Advisors LLC now owns 37,875 shares of the company’s stock worth $2,094,000 after buying an additional 1,978 shares during the last quarter. Olstein Capital Management L.P. boosted its stake in Ingersoll-Rand PLC by 2.8% in the fourth quarter. Olstein Capital Management L.P. now owns 112,000 shares of the company’s stock worth $6,192,000 after buying an additional 3,000 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its stake in Ingersoll-Rand PLC by 20.7% in the fourth quarter. Suntrust Banks Inc. now owns 20,499 shares of the company’s stock worth $1,131,000 after buying an additional 3,510 shares during the last quarter.

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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