Ingersoll-Rand PLC (NYSE:IR) was down 1.4% on Monday . The stock 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 equities research analysts have weighed in on IR shares. Goldman Sachs Group Inc. downgraded shares of Ingersoll-Rand PLC from a “buy” rating to a “hold” rating in a research note on Sunday, April 3rd. Credit Suisse Group AG reissued a “buy” rating and set a $72.00 target price on shares of Ingersoll-Rand PLC in a research report on Sunday, July 10th. Morgan Stanley boosted their target price on shares of Ingersoll-Rand PLC from $66.00 to $69.00 in a research report on Thursday, April 7th. BMO Capital Markets began coverage on shares of Ingersoll-Rand PLC in a research report on Wednesday, July 13th. They set an “outperform” rating and a $80.00 target price for the company. Finally, Citigroup Inc. boosted their target price on shares of Ingersoll-Rand PLC from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, April 19th. 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 stock. The company has an average rating of “Buy” and an average target price of $67.12.

The company’s 50 day moving average price is $65.07 and its 200 day moving average price is $60.13. The firm has a market cap of $17.28 billion and a P/E ratio of 23.35.

Ingersoll-Rand PLC (NYSE:IR) last issued its quarterly earnings results 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 in the previous year, the business earned $0.38 earnings per share. The business earned $2.89 billion during the quarter, compared to the consensus estimate of $2.88 billion. The firm’s revenue was up .2% compared to the same quarter last year. On average, equities analysts predict that Ingersoll-Rand PLC will post $4.09 earnings per share for the current fiscal year.

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

A number of hedge funds have recently added to or reduced their stakes in IR. Vanguard Group Inc. raised its stake in 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 raised its stake in shares of 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. raised its stake in shares of 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 raised its stake in shares of 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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