Investors bought shares of Ingersoll-Rand PLC (NYSE:IR) on weakness during trading hours on Wednesday. $46.77 million flowed into the stock on the tick-up and $25.52 million flowed out of the stock on the tick-down, for a money net flow of $21.25 million into the stock. Of all stocks tracked, Ingersoll-Rand PLC had the 16th highest net in-flow for the day. Ingersoll-Rand PLC traded down ($0.13) for the day and closed at $67.26

A number of research firms recently commented on IR. Jefferies Group reiterated a “buy” rating on shares of Ingersoll-Rand PLC in a report on Wednesday, August 3rd. Zacks Investment Research downgraded shares of Ingersoll-Rand PLC from a “buy” rating to a “hold” rating in a report on Monday, August 1st. Stifel Nicolaus dropped their target price on shares of Ingersoll-Rand PLC from $77.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday, July 28th. BMO Capital Markets began coverage on shares of Ingersoll-Rand PLC in a report on Wednesday, July 13th. They set an “outperform” rating and a $80.00 price target on the stock. Finally, Credit Suisse Group AG restated a “buy” rating and set a $72.00 price target on shares of Ingersoll-Rand PLC in a report on Sunday, July 10th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Ingersoll-Rand PLC has a consensus rating of “Buy” and an average target price of $67.94.

The firm has a market capitalization of $17.35 billion and a P/E ratio of 12.38. The company has a 50 day moving average of $66.67 and a 200-day moving average of $62.44.

Ingersoll-Rand PLC (NYSE:IR) last issued its earnings results on Wednesday, July 27th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.08. During the same period last year, the business posted $1.20 EPS. The business earned $3.69 billion during the quarter, compared to the consensus estimate of $3.70 billion. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, analysts predict that Ingersoll-Rand PLC will post $4.09 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.90%.

In related news, insider Marcia J. Avedon sold 5,815 shares of Ingersoll-Rand PLC stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $68.17, for a total transaction of $396,408.55. Following the transaction, the insider now owns 117,192 shares of the company’s stock, valued at approximately $7,988,978.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Paul A. Camuti sold 4,800 shares of Ingersoll-Rand PLC stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 54,456 shares in the company, valued at approximately $2,679,235.20. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Calvert Investment Management Inc. raised its position in Ingersoll-Rand PLC by 35.9% in the fourth quarter. Calvert Investment Management Inc. now owns 19,636 shares of the company’s stock valued at $1,086,000 after buying an additional 5,186 shares during the last quarter. BlackRock Advisors LLC raised its position 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 raised its position 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 raised 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 valued at $94,753,000 after buying an additional 399,500 shares during the last quarter. Finally, I.G. Investment Management LTD. raised its position 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.

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.