ValuEngine lowered shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) from a buy rating to a hold rating in a research report report published on Monday.

A number of other research analysts have also recently issued reports on IR. Credit Suisse Group reissued a buy rating and set a $105.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, July 11th. Wolfe Research started coverage on shares of Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, July 11th. They set a market perform rating for the company. Zacks Investment Research cut shares of Ingersoll-Rand PLC (Ireland) from a buy rating to a hold rating in a research report on Wednesday, July 12th. UBS AG set a $97.00 price target on shares of Ingersoll-Rand PLC (Ireland) and gave the company a buy rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada reissued a sector perform rating and set a $93.00 price target (up from $90.00) on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $99.22.

Ingersoll-Rand PLC (IR) traded up 0.66% during midday trading on Monday, hitting $91.06. 373,943 shares of the stock traded hands. The stock’s 50-day moving average price is $87.36 and its 200-day moving average price is $87.54. The stock has a market capitalization of $23.10 billion, a P/E ratio of 22.61 and a beta of 1.33. Ingersoll-Rand PLC has a 52 week low of $63.87 and a 52 week high of $94.39.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last issued its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. Ingersoll-Rand PLC (Ireland) had a net margin of 7.60% and a return on equity of 16.64%. The company had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same period last year, the company posted $1.38 EPS. Ingersoll-Rand PLC (Ireland)’s revenue was up 4.4% on a year-over-year basis. Equities research analysts expect that Ingersoll-Rand PLC will post $4.54 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be issued a $0.45 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.80 annualized dividend and a yield of 1.99%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is presently 44.78%.

In other news, EVP Didier P. Teirlinck sold 26,174 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $86.10, for a total value of $2,253,581.40. Following the completion of the sale, the executive vice president now directly owns 131,129 shares in the company, valued at $11,290,206.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard J. Swift sold 2,500 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $88.03, for a total transaction of $220,075.00. Following the completion of the sale, the director now owns 65,932 shares of the company’s stock, valued at $5,803,993.96. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in IR. Advisory Services Network LLC grew 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 acquiring an additional 213 shares during the period. Israel Discount Bank of New York bought a new stake in shares of Ingersoll-Rand PLC (Ireland) in the first quarter worth approximately $126,000. Acrospire Investment Management LLC grew 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 acquiring an additional 1,000 shares during the period. Harfst & Associates Inc. grew 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 acquiring an additional 482 shares during the period. Finally, Zions Bancorporation grew its stake in shares of Ingersoll-Rand PLC (Ireland) by 1.1% in the first quarter. Zions Bancorporation now owns 2,001 shares of the industrial products company’s stock worth $163,000 after acquiring an additional 22 shares during the period. Hedge funds and other institutional investors own 80.56% of the company’s stock.

About Ingersoll-Rand PLC (Ireland)

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.

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

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