Ingersoll-Rand PLC (NYSE:IR) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $68.69 and last traded at $68.36, with a volume of 918,757 shares changing hands. The stock had previously closed at $67.34.

A number of research analysts recently issued reports on the stock. Jefferies Group restated a “buy” rating on shares of Ingersoll-Rand PLC in a report on Sunday, May 22nd. Zacks Investment Research upgraded shares of Ingersoll-Rand PLC from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a report on Wednesday, May 4th. Royal Bank Of Canada restated a “sector perform” rating and set a $60.00 price objective (up previously from $57.00) on shares of Ingersoll-Rand PLC in a report on Wednesday, April 27th. Buckingham Research upgraded shares of Ingersoll-Rand PLC from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $60.00 to $71.00 in a report on Thursday, April 14th. Finally, Susquehanna boosted their price objective on shares of Ingersoll-Rand PLC from $55.00 to $61.00 and gave the company a “neutral” rating in a report on Thursday, April 14th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $67.94.

The stock has a 50 day moving average of $65.53 and a 200-day moving average of $61.23. The stock has a market cap of $17.49 billion and a PE ratio of 12.48.

Ingersoll-Rand PLC (NYSE:IR) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.30 by $0.08. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.70 billion. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business earned $1.20 EPS. On average, equities research analysts anticipate that Ingersoll-Rand PLC will post $4.09 EPS for the current fiscal 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 shares were sold at an average price of $49.20, for a total transaction of $236,160.00. Following the completion of the sale, the senior vice president now owns 54,456 shares of the company’s stock, valued at approximately $2,679,235.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

A number of hedge funds have bought and sold shares of IR. BlackRock Advisors LLC increased its stake in 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. KBC Group NV increased its stake in Ingersoll-Rand PLC by 11.4% in the fourth quarter. KBC Group NV now owns 185,166 shares of the company’s stock valued at $10,238,000 after buying an additional 18,994 shares during the last quarter. Dimensional Fund Advisors LP increased its stake 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 valued at $94,753,000 after buying an additional 399,500 shares during the last quarter. I.G. Investment Management LTD. increased its stake in Ingersoll-Rand PLC by 15.6% in the fourth quarter. I.G. Investment Management LTD. now owns 158,700 shares of the company’s stock valued at $8,775,000 after buying an additional 21,360 shares during the last quarter. Finally, Trexquant Investment LP increased its stake in Ingersoll-Rand PLC by 19.3% in the fourth quarter. Trexquant Investment LP now owns 58,112 shares of the company’s stock valued at $3,213,000 after buying an additional 9,412 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.