Ingersoll-Rand PLC (NYSE:IR) fell 4.9% during mid-day trading on Wednesday . The company traded as low as $64.40 and last traded at $64.84, with a volume of 2,531,909 shares. The stock had previously closed at $68.17.

A number of brokerages have issued reports on IR. Jefferies Group reiterated a “buy” rating on shares of Ingersoll-Rand PLC in a research note on Sunday, May 22nd. Wells Fargo & Co. reiterated a “hold” rating on shares of Ingersoll-Rand PLC in a research note on Sunday, May 1st. Morgan Stanley increased their price objective on shares of Ingersoll-Rand PLC from $66.00 to $69.00 in a research note on Thursday, April 7th. Zacks Investment Research downgraded shares of Ingersoll-Rand PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Finally, BMO Capital Markets began coverage on shares of Ingersoll-Rand PLC in a research note on Wednesday, July 13th. They set 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 company’s stock. The stock has a consensus rating of “Buy” and an average target price of $67.12.

The stock has a 50-day moving average of $65.26 and a 200-day moving average of $60.66. The stock has a market capitalization of $16.89 billion and a PE ratio of 22.83.

Ingersoll-Rand PLC (NYSE:IR) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.08. The firm earned $3.69 billion during the quarter, compared to the consensus estimate of $3.70 billion. Ingersoll-Rand PLC’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.20 EPS. Equities research analysts forecast that Ingersoll-Rand PLC will post $4.09 earnings per share for the current year.

In other 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 transaction of $663,100.00. Following the completion of the transaction, the senior vice president now directly owns 121,038 shares in the company, valued at $8,026,029.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Paul A. Camuti sold 4,800 shares of the firm’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $49.20, for a total value of $236,160.00. Following the transaction, the senior vice president now 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 recently modified their holdings of IR. BlackRock Advisors LLC increased its position in shares of Ingersoll-Rand PLC by 148.7% in the fourth quarter. BlackRock Advisors LLC now owns 1,051,370 shares of the company’s stock valued at $58,131,000 after buying an additional 628,675 shares during the last quarter. Dimensional Fund Advisors LP increased its position 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 valued at $94,753,000 after buying an additional 399,500 shares during the last quarter. Victory Capital Management Inc. increased its position 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 valued at $39,014,000 after buying an additional 225,875 shares during the last quarter. UBS Oconnor LLC increased its position 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 valued at $19,204,000 after buying an additional 223,334 shares during the last quarter. Finally, Standard Life Investments LTD increased its position 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 valued at $73,577,000 after buying an additional 176,178 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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