UBS Group Initiates Coverage on Ingersoll-Rand PLC (Ireland) (IR)

Analysts at UBS Group initiated coverage on shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) in a research note issued on Monday. The brokerage set a “buy” rating and a $105.00 price target on the industrial products company’s stock. UBS Group’s price objective would indicate a potential upside of 16.87% from the stock’s current price.

A number of other research firms have also issued reports on IR. Citigroup lifted their price objective on shares of Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Royal Bank of Canada dropped their price target on shares of Ingersoll-Rand PLC (Ireland) from $93.00 to $91.00 and set a “sector perform” rating for the company in a research note on Thursday, October 26th. Stifel Nicolaus dropped their price target on shares of Ingersoll-Rand PLC (Ireland) from $103.00 to $101.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. Bank of America lowered shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 price target for the company. in a research note on Tuesday, October 17th. Finally, Zacks Investment Research upgraded shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research note on Monday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $100.36.

Ingersoll-Rand PLC (NYSE IR) traded down $1.09 on Monday, hitting $89.84. 1,196,553 shares of the stock were exchanged, compared to its average volume of 1,497,186. The stock has a market capitalization of $22,720.00, a price-to-earnings ratio of 22.46, a P/E/G ratio of 1.94 and a beta of 1.35. Ingersoll-Rand PLC has a 12 month low of $77.00 and a 12 month high of $96.23. 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 posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.01. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.71 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 7.47% and a return on equity of 16.65%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.41 earnings per share. analysts forecast that Ingersoll-Rand PLC will post 4.51 earnings per share for the current year.

In related news, Chairman Michael W. Lamach sold 210,508 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $88.28, for a total value of $18,583,646.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.63% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in IR. AXA acquired a new position in Ingersoll-Rand PLC (Ireland) in the second quarter worth $295,000. GSA Capital Partners LLP boosted its holdings in Ingersoll-Rand PLC (Ireland) by 53.9% in the second quarter. GSA Capital Partners LLP now owns 4,286 shares of the industrial products company’s stock worth $392,000 after purchasing an additional 1,501 shares during the period. MML Investors Services LLC boosted its holdings in Ingersoll-Rand PLC (Ireland) by 1.5% in the second quarter. MML Investors Services LLC now owns 5,365 shares of the industrial products company’s stock worth $490,000 after purchasing an additional 79 shares during the period. Advisor Group Inc. boosted its holdings in Ingersoll-Rand PLC (Ireland) by 23.6% in the second quarter. Advisor Group Inc. now owns 15,084 shares of the industrial products company’s stock worth $1,377,000 after purchasing an additional 2,877 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in Ingersoll-Rand PLC (Ireland) by 19.7% in the second quarter. Parametric Portfolio Associates LLC now owns 616,860 shares of the industrial products company’s stock worth $56,375,000 after purchasing an additional 101,519 shares during the period. 82.36% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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