NJ State Employees Deferred Compensation Plan maintained its position in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 5,000 shares of the industrial products company’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Ingersoll-Rand PLC (Ireland) were worth $457,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Israel Discount Bank of New York purchased a new position in shares of Ingersoll-Rand PLC (Ireland) during the first quarter valued at approximately $126,000. Tradewinds Capital Management LLC increased its position in shares of Ingersoll-Rand PLC (Ireland) by 9.0% in the first quarter. Tradewinds Capital Management LLC now owns 1,690 shares of the industrial products company’s stock valued at $137,000 after buying an additional 140 shares during the period. Zions Bancorporation increased its position 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 valued at $163,000 after buying an additional 22 shares during the period. Parallel Advisors LLC increased its position in shares of Ingersoll-Rand PLC (Ireland) by 9.6% in the first quarter. Parallel Advisors LLC now owns 2,003 shares of the industrial products company’s stock valued at $178,000 after buying an additional 176 shares during the period. Finally, Independent Portfolio Consultants Inc. increased its position in shares of Ingersoll-Rand PLC (Ireland) by 6.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,106 shares of the industrial products company’s stock valued at $192,000 after buying an additional 131 shares during the period. 83.11% of the stock is owned by hedge funds and other institutional investors.

Ingersoll-Rand PLC (NYSE IR) opened at 87.50 on Wednesday. Ingersoll-Rand PLC has a 1-year low of $62.40 and a 1-year high of $94.39. The company has a 50-day moving average of $90.91 and a 200-day moving average of $85.30. The company has a market capitalization of $22.20 billion, a P/E ratio of 21.72 and a beta of 1.31.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.49 EPS for the quarter, beating the consensus estimate 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 business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the business posted $1.38 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities analysts expect that Ingersoll-Rand PLC will post $4.54 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a $0.45 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.80 annualized dividend and a dividend yield of 2.06%. This is a positive change from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. Ingersoll-Rand PLC (Ireland)’s payout ratio is currently 39.80%.

COPYRIGHT VIOLATION WARNING: “Ingersoll-Rand PLC (Ireland) (NYSE:IR) Stake Maintained by NJ State Employees Deferred Compensation Plan” was originally reported by Daily Political and is owned by of Daily Political. If you are reading this report on another domain, it was stolen and republished in violation of U.S. and international copyright & trademark law. The original version of this report can be accessed at https://www.dailypolitical.com/2017/08/09/ingersoll-rand-plc-ireland-nyseir-stake-maintained-by-nj-state-employees-deferred-compensation-plan.html.

Several equities analysts have recently commented on IR shares. Zacks Investment Research raised shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Thursday, May 18th. BMO Capital Markets reissued a “buy” rating and issued a $100.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, May 2nd. Stifel Nicolaus increased their price target on shares of Ingersoll-Rand PLC (Ireland) from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, April 27th. Credit Suisse Group reissued a “buy” rating and issued a $84.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, April 11th. Finally, UBS AG set a $97.00 price target on shares of Ingersoll-Rand PLC (Ireland) and gave the stock a “buy” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $97.43.

In other news, EVP Robert Zafari sold 1,483 shares of the business’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $89.59, for a total value of $132,861.97. Following the completion of the sale, the executive vice president now owns 66,944 shares in the company, valued at approximately $5,997,512.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul A. Camuti sold 3,500 shares of the business’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $89.64, for a total transaction of $313,740.00. Following the completion of the sale, the insider now owns 61,519 shares of the company’s stock, valued at approximately $5,514,563.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,943 shares of company stock valued at $1,072,306. Company insiders own 0.65% 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.

Want to see what other hedge funds are holding IR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingersoll-Rand PLC (Ireland) (NYSE:IR).

Institutional Ownership by Quarter for Ingersoll-Rand PLC (Ireland) (NYSE:IR)

Receive News & Ratings for Ingersoll-Rand PLC (Ireland) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingersoll-Rand PLC (Ireland) and related companies with MarketBeat.com's FREE daily email newsletter.