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Ingersoll-Rand (IR), maker of Trane air conditioners, Schlage locks and other products, said Q1 profit rose 36% to 42 cents, beating estimates by 2 cents. Revenue, however, dipped 1% to $3.11 bil from $3.15 bil a year ago, the 6th straight quarter of year-over-year revenue declines. Shares fell 1% to 53.45.