BidaskClub cut shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) from a sell rating to a strong sell rating in a research note released on Saturday morning.

A number of other brokerages have also issued reports on IR. Credit Suisse Group reissued a buy rating and issued a $105.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a report on Tuesday, July 11th. Wolfe Research began coverage on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, July 11th. They set a market perform rating on the stock. Zacks Investment Research lowered shares of Ingersoll-Rand PLC (Ireland) from a buy rating to a hold rating in a research note on Wednesday, July 12th. BMO Capital Markets reaffirmed a buy rating and set a $100.00 target price on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, May 2nd. Finally, Stifel Nicolaus lifted their target price on shares of Ingersoll-Rand PLC (Ireland) from $90.00 to $100.00 and gave the company a buy rating in a research note on Thursday, April 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Ingersoll-Rand PLC (Ireland) has an average rating of Hold and a consensus target price of $97.43.

Shares of Ingersoll-Rand PLC (NYSE IR) opened at 88.10 on Friday. Ingersoll-Rand PLC has a 12 month low of $62.40 and a 12 month high of $94.39. The company has a market cap of $22.35 billion, a PE ratio of 21.87 and a beta of 1.31. The firm’s 50-day moving average is $91.09 and its 200-day moving average is $85.26.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.78 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 7.60% and a return on equity of 16.64%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.38 EPS. On average, equities research analysts predict that Ingersoll-Rand PLC will post $4.54 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.80 annualized dividend and a yield of 2.04%. This is a positive change from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. Ingersoll-Rand PLC (Ireland)’s payout ratio is presently 39.80%.

In related news, EVP Robert Zafari sold 1,483 shares of the business’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $89.59, for a total transaction of $132,861.97. Following the sale, the executive vice president now owns 66,944 shares of the company’s stock, valued at $5,997,512.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul A. Camuti sold 6,960 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $89.90, for a total transaction of $625,704.00. Following the sale, the insider now directly owns 64,979 shares in the company, valued at approximately $5,841,612.10. The disclosure for this sale can be found here. Insiders have sold 11,943 shares of company stock worth $1,072,306 in the last three months. 0.65% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the company. Canandaigua National Bank & Trust Co. raised its stake in Ingersoll-Rand PLC (Ireland) by 1.6% in the second quarter. Canandaigua National Bank & Trust Co. now owns 8,590 shares of the industrial products company’s stock valued at $785,000 after buying an additional 138 shares during the last quarter. Penserra Capital Management LLC raised its stake in Ingersoll-Rand PLC (Ireland) by 13.0% in the second quarter. Penserra Capital Management LLC now owns 2,704 shares of the industrial products company’s stock valued at $247,000 after buying an additional 312 shares during the last quarter. Prudential Financial Inc. raised its stake in Ingersoll-Rand PLC (Ireland) by 100.7% in the second quarter. Prudential Financial Inc. now owns 762,908 shares of the industrial products company’s stock valued at $69,722,000 after buying an additional 382,770 shares during the last quarter. Parallel Advisors LLC raised its stake in Ingersoll-Rand PLC (Ireland) by 5.0% in the second quarter. Parallel Advisors LLC now owns 2,103 shares of the industrial products company’s stock valued at $185,000 after buying an additional 100 shares during the last quarter. Finally, Zweig DiMenna Associates LLC acquired a new stake in Ingersoll-Rand PLC (Ireland) during the second quarter valued at approximately $274,000. 83.11% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll-Rand PLC (Ireland) Company Profile

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.

Analyst Recommendations for Ingersoll-Rand PLC (Ireland) (NYSE:IR)

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