Ingersoll-Rand PLC (NYSE:IR) gapped up before the market opened 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 changing hands.

IR has been the subject of several research reports. Credit Suisse Group AG reiterated a “buy” rating and set a $72.00 price target on shares of Ingersoll-Rand PLC in a report on Sunday, July 10th. Citigroup Inc. raised their price objective on Ingersoll-Rand PLC from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, April 19th. Wells Fargo & Co. reissued a “hold” rating on shares of Ingersoll-Rand PLC in a research note on Sunday, May 1st. Susquehanna raised their price objective on Ingersoll-Rand PLC from $55.00 to $61.00 and gave the company a “neutral” rating in a research note on Thursday, April 14th. Finally, BMO Capital Markets began coverage on Ingersoll-Rand PLC in a research note on Wednesday. They issued an “outperform” rating and a $80.00 price objective on the stock. 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 stock. Ingersoll-Rand PLC currently has an average rating of “Buy” and an average price target of $67.12.

The company has a market cap of $17.49 billion and a price-to-earnings ratio of 23.64. The company’s 50 day moving average is $64.99 and its 200 day moving average is $59.94.

Ingersoll-Rand PLC (NYSE:IR) last issued its quarterly earnings results on Tuesday, April 26th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.37 by $0.13. During the same period last year, the company posted $0.38 earnings per share. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.88 billion. The business’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts forecast that Ingersoll-Rand PLC will post $4.09 earnings per share for the current year.

In other news, SVP Paul A. Camuti sold 4,800 shares of the firm’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $49.20, for a total value of $236,160.00. Following the completion of the sale, the senior vice president now directly owns 54,456 shares of the company’s stock, valued at $2,679,235.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Marcia J. Avedon sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 28th. The shares were sold at an average price of $66.31, for a total value of $663,100.00. Following the completion of the sale, the senior vice president now directly owns 121,038 shares of the company’s stock, valued at $8,026,029.78. The disclosure for this sale can be found here.

Several hedge funds have added to or reduced their stakes in IR. 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. UBS Oconnor LLC boosted its stake in Ingersoll-Rand PLC by 180.1% in the fourth quarter. UBS Oconnor LLC now owns 347,334 shares of the company’s stock worth $19,204,000 after buying an additional 223,334 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. Victory Capital Management Inc. boosted its stake in Ingersoll-Rand PLC by 47.1% in the fourth quarter. Victory Capital Management Inc. now owns 705,618 shares of the company’s stock worth $39,014,000 after buying an additional 225,875 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in Ingersoll-Rand PLC by 22.0% in the fourth quarter. Bank of Montreal Can now owns 76,445 shares of the company’s stock worth $4,227,000 after buying an additional 13,793 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.