Ingersoll-Rand PLC (Ireland) (IR) Rating Reiterated by Robert W. Baird

Ingersoll-Rand PLC (Ireland) (NYSE:IR)‘s stock had its “hold” rating restated by Robert W. Baird in a research report issued to clients and investors on Friday.

A number of other equities research analysts have also commented on the company. Stifel Nicolaus reduced their price target on Ingersoll-Rand PLC (Ireland) from $103.00 to $101.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. J P Morgan Chase & Co lowered Ingersoll-Rand PLC (Ireland) from an “overweight” rating to a “neutral” rating in a research report on Wednesday, September 20th. Zacks Investment Research lowered Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Citigroup Inc. upped their price target on Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, October 9th. Finally, ValuEngine upgraded Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. Ingersoll-Rand PLC (Ireland) presently has an average rating of “Hold” and an average target price of $99.18.

Ingersoll-Rand PLC (NYSE:IR) traded up $1.90 during midday trading on Friday, hitting $85.26. The company’s stock had a trading volume of 1,747,000 shares, compared to its average volume of 1,728,321. Ingersoll-Rand PLC has a 1 year low of $74.02 and a 1 year high of $96.23. The company has a market cap of $21,300.00, a price-to-earnings ratio of 19.21, a PEG ratio of 2.01 and a beta of 1.37. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 0.89.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last released its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates 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 in the previous year, the company posted $1.41 EPS. The business’s revenue was up 2.9% on a year-over-year basis. analysts forecast that Ingersoll-Rand PLC will post 4.51 earnings per share for the current year.

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In other news, insider Marcia J. Avedon sold 10,460 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $94.00, for a total value of $983,240.00. Following the completion of the sale, the insider now directly owns 111,637 shares of the company’s stock, valued at $10,493,878. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Paul A. Camuti sold 14,097 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $95.00, for a total value of $1,339,215.00. Following the completion of the sale, the senior vice president now directly owns 66,439 shares of the company’s stock, valued at $6,311,705. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. Advisory Services Network LLC raised its stake in shares of Ingersoll-Rand PLC (Ireland) by 19.5% in the second quarter. Advisory Services Network LLC now owns 1,304 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 213 shares during the last quarter. Acrospire Investment Management LLC raised its stake in shares of Ingersoll-Rand PLC (Ireland) by 250.0% in the second 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 stake in shares of Ingersoll-Rand PLC (Ireland) by 43.9% in the second 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 purchased a new stake in shares of Ingersoll-Rand PLC (Ireland) in the third quarter worth approximately $152,000. Finally, Bessemer Group Inc. raised its stake in shares of Ingersoll-Rand PLC (Ireland) by 185.5% in the third 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. 82.52% of the stock is owned by hedge funds and other institutional investors.

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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