Ingersoll-Rand PLC (NYSE:IR) saw unusually large options trading activity on Monday. Stock investors acquired 5,298 call options on the company. This is an increase of 3,191% compared to the average volume of 161 call options.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Ingersoll-Rand from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. Argus boosted their price target on shares of Ingersoll-Rand from $100.00 to $114.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. Cowen reissued a “buy” rating and issued a $115.00 price target on shares of Ingersoll-Rand in a report on Monday. Finally, Wolfe Research assumed coverage on shares of Ingersoll-Rand in a report on Wednesday, June 27th. They issued an “outperform” rating on the stock. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $109.17.

In related news, EVP David S. Regnery sold 12,098 shares of the business’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $97.00, for a total value of $1,173,506.00. Following the transaction, the executive vice president now directly owns 55,810 shares of the company’s stock, valued at approximately $5,413,570. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Marcia J. Avedon sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 25th. The stock was sold at an average price of $96.00, for a total transaction of $960,000.00. The disclosure for this sale can be found here. Insiders sold a total of 26,561 shares of company stock worth $2,563,616 over the last three months. 0.70% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Canandaigua National Bank & Trust Co. lifted its holdings in Ingersoll-Rand by 12.4% during the second quarter. Canandaigua National Bank & Trust Co. now owns 26,149 shares of the industrial products company’s stock valued at $2,346,000 after purchasing an additional 2,890 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Ingersoll-Rand during the second quarter valued at about $1,331,000. Toronto Dominion Bank increased its position in shares of Ingersoll-Rand by 18.5% during the second quarter. Toronto Dominion Bank now owns 159,595 shares of the industrial products company’s stock valued at $14,317,000 after buying an additional 24,904 shares during the period. Beech Hill Advisors Inc. bought a new stake in shares of Ingersoll-Rand during the second quarter valued at about $3,293,000. Finally, Koch Industries Inc. increased its position in shares of Ingersoll-Rand by 64.3% during the first quarter. Koch Industries Inc. now owns 30,724 shares of the industrial products company’s stock valued at $2,627,000 after buying an additional 12,022 shares during the period. 80.13% of the stock is currently owned by institutional investors and hedge funds.

NYSE IR opened at $102.03 on Wednesday. The stock has a market cap of $24.60 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 1.56 and a beta of 1.34. Ingersoll-Rand has a 52 week low of $79.63 and a 52 week high of $103.35. The company has a current ratio of 1.30, a quick ratio of 0.93 and a debt-to-equity ratio of 0.55.

Ingersoll-Rand (NYSE:IR) last released its quarterly earnings data on Wednesday, July 25th. The industrial products company reported $1.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.13. The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.21 billion. Ingersoll-Rand had a net margin of 9.28% and a return on equity of 18.11%. The company’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.49 earnings per share. analysts anticipate that Ingersoll-Rand will post 5.54 earnings per share for the current fiscal year.

About Ingersoll-Rand

Ingersoll-Rand plc designs, manufactures, sells, and services industrial and commercial products. It operates through Climate and Industrial segments. The Climate segment offers building management, bus, rail, and multi-pipe HVAC, control, container and cryogenic, diesel-powered, ductless, geothermal, package heating and cooling, rail and self-powered truck refrigeration, temporary heating and cooling, trailer refrigeration, unitary, and vehicle-powered truck refrigeration systems.

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