Ingersoll-Rand PLC (NYSE:IR) shares traded down 1.4% during trading on Monday . The company traded as low as $65.76 and last traded at $66.97, with a volume of 1,383,873 shares changing hands. The stock had previously closed at $67.94.

Several research analysts recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of Ingersoll-Rand PLC in a research report on Wednesday, July 13th. They issued an “outperform” rating and a $80.00 target price for the company. Credit Suisse Group AG reiterated a “buy” rating and issued a $72.00 target price on shares of Ingersoll-Rand PLC in a research report on Sunday, July 10th. Zacks Investment Research upgraded shares of Ingersoll-Rand PLC from a “hold” rating to a “strong-buy” rating and set a $76.00 target price for the company in a research report on Monday, June 6th. Jefferies Group reiterated a “buy” rating on shares of Ingersoll-Rand PLC in a research report on Sunday, May 22nd. Finally, Wells Fargo & Co. reiterated a “hold” rating on shares of Ingersoll-Rand PLC in a research report on Sunday, May 1st. Six equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $67.12.

The stock has a 50-day moving average price of $64.99 and a 200-day moving average price of $59.94. The company has a market capitalization of $17.28 billion and a P/E ratio of 23.36.

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

In other Ingersoll-Rand PLC news, SVP Gary S. Michel sold 11,000 shares of Ingersoll-Rand PLC 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 transaction, the senior vice president now directly owns 30,426 shares of the company’s stock, valued at approximately $2,000,813.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Paul A. Camuti sold 4,800 shares of Ingersoll-Rand PLC stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $49.20, for a total transaction of $236,160.00. Following the completion of the transaction, the senior vice president now directly owns 54,456 shares of the company’s stock, valued at $2,679,235.20. The disclosure for this sale can be found here.

Several institutional investors have modified their holdings of IR. Vanguard Group Inc. boosted its position in shares of Ingersoll-Rand PLC by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 14,467,839 shares of the company’s stock worth $799,927,000 after buying an additional 96,714 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Ingersoll-Rand PLC by 30.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,713,687 shares of the company’s stock worth $94,753,000 after buying an additional 399,500 shares in the last quarter. Standard Life Investments LTD boosted its position in Ingersoll-Rand PLC by 15.3% in the fourth quarter. Standard Life Investments LTD now owns 1,330,618 shares of the company’s stock worth $73,577,000 after buying an additional 176,178 shares in the last quarter. Victory Capital Management Inc. boosted its position 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 in the last quarter. Finally, UBS Oconnor LLC boosted its position 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 in 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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