Ingersoll-Rand PLC (NYSE:IR) is set to release its earnings data on Thursday, January 28th. Analysts expect Ingersoll-Rand PLC to post earnings of $0.93 per share for the quarter.

IR has been the subject of a number of recent research reports. Robert W. Baird reduced their price objective on shares of Ingersoll-Rand PLC from $67.00 to $62.00 in a research note on Wednesday, October 14th. Zacks Investment Research raised shares of Ingersoll-Rand PLC from a “sell” rating to a “hold” rating in a report on Tuesday, September 29th. JPMorgan Chase & Co. upped their target price on shares of Ingersoll-Rand PLC from $67.00 to $69.00 in a report on Friday, December 11th. Nomura dropped their target price on shares of Ingersoll-Rand PLC from $67.00 to $58.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Finally, Morgan Stanley dropped their target price on shares of Ingersoll-Rand PLC from $74.00 to $69.00 in a report on Wednesday, October 7th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $66.31.

Shares of Ingersoll-Rand PLC (NYSE:IR) opened at 50.59 on Wednesday. The firm’s 50-day moving average price is $53.11 and its 200-day moving average price is $56.80. Ingersoll-Rand PLC has a 12-month low of $47.08 and a 12-month high of $70.93. The firm has a market capitalization of $13.21 billion and a P/E ratio of 19.81.

In other Ingersoll-Rand PLC news, Director Richard J. Swift sold 2,000 shares of the stock in a transaction that occurred on Monday, November 30th. The shares were sold at an average price of $58.50, for a total transaction of $117,000.00. Following the transaction, the director now owns 66,656 shares in the company, valued at approximately $3,899,376. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

A hedge fund recently raised its stake in Ingersoll-Rand PLC stock. Simplex Trading raised its position in Ingersoll-Rand PLC (NYSE:IR) by 350.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The hedge fund owned 4,722 shares of the company’s stock after buying an additional 3,674 shares during the period. Simplex Trading’s holdings in Ingersoll-Rand PLC were worth $261,000 at the end of the most recent quarter.

Ingersoll-Rand Public Limited Company (NYSE:IR) is a diversified, global company that 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 is also engaged in the design, manufacture, sale and service of a portfolio of industrial and commercial products. The Company focuses on parts, service, used equipment and rentals. Its business segments consist of Climate and Industrial. The Climate segment includes Trane and American Standard Heating and Air Conditioning, which provides heating, ventilation and air conditioning (HVAC) systems; commercial and residential building services, parts, support and controls, and Thermo King transport temperature control solutions. The Industrial segment includes Ingersoll Rand compressed air systems and services, power tools, material handling systems, ARO fluid management equipment, Club Car golf, utility and rough terrain vehicles.

12 Month Chart for NYSE:IR

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