Ingersoll-Rand PLC (Ireland) (NYSE:IR) has been given a consensus rating of “Hold” by the eighteen brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $99.56.

A number of research firms recently issued reports on IR. Citigroup raised their price target on Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Stifel Nicolaus lowered their price target on Ingersoll-Rand PLC (Ireland) from $103.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Royal Bank Of Canada lowered their price target on Ingersoll-Rand PLC (Ireland) from $93.00 to $91.00 and set a “sector perform” rating on the stock in a report on Thursday, October 26th. Bank of America lowered Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 price target on the stock. in a report on Tuesday, October 17th. Finally, Morgan Stanley lowered Ingersoll-Rand PLC (Ireland) from an “overweight” rating to an “equal weight” rating and set a $98.00 price target on the stock. in a report on Friday, October 27th.

In other news, insider Marcia J. Avedon sold 10,460 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $94.00, for a total transaction of $983,240.00. Following the completion of the sale, the insider now directly owns 111,637 shares in the company, valued at approximately $10,493,878. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Paul A. Camuti sold 14,097 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $95.00, for a total transaction of $1,339,215.00. Following the sale, the senior vice president now owns 66,439 shares of the company’s stock, valued at $6,311,705. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC lifted its position in shares of Ingersoll-Rand PLC (Ireland) by 19.5% during the 2nd quarter. Advisory Services Network LLC now owns 1,304 shares of the industrial products company’s stock valued at $119,000 after acquiring an additional 213 shares during the period. Acrospire Investment Management LLC raised its position in shares of Ingersoll-Rand PLC (Ireland) by 250.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the industrial products company’s stock worth $128,000 after purchasing an additional 1,000 shares during the last quarter. Harfst & Associates Inc. raised its position in shares of Ingersoll-Rand PLC (Ireland) by 43.9% during the 2nd quarter. Harfst & Associates Inc. now owns 1,580 shares of the industrial products company’s stock worth $144,000 after purchasing an additional 482 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of Ingersoll-Rand PLC (Ireland) during the 3rd quarter worth approximately $152,000. Finally, Bessemer Group Inc. raised its position in shares of Ingersoll-Rand PLC (Ireland) by 185.5% during the 3rd quarter. Bessemer Group Inc. now owns 1,967 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 1,278 shares during the last quarter. Institutional investors own 82.87% of the company’s stock.

Ingersoll-Rand PLC (NYSE:IR) traded down $0.54 during midday trading on Thursday, hitting $84.58. The company had a trading volume of 2,005,680 shares, compared to its average volume of 1,727,797. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.89 and a current ratio of 1.24. Ingersoll-Rand PLC has a 52-week low of $74.35 and a 52-week high of $96.23. The stock has a market capitalization of $21,541.11, a price-to-earnings ratio of 19.86, a P/E/G ratio of 2.08 and a beta of 1.35.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last released its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.01. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.65% and a net margin of 7.47%. The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter last year, the company posted $1.41 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. equities analysts forecast that Ingersoll-Rand PLC will post 4.51 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.80 dividend on an annualized basis and a yield of 2.13%. Ingersoll-Rand PLC (Ireland)’s payout ratio is currently 44.89%.

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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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