Arizona State Retirement System reduced its position in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 1.1% during the second quarter, Holdings Channel reports. The firm owned 63,500 shares of the industrial products company’s stock after selling 700 shares during the period. Arizona State Retirement System’s holdings in Ingersoll-Rand PLC (Ireland) were worth $5,803,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of IR. United Capital Financial Advisers LLC boosted its stake in Ingersoll-Rand PLC (Ireland) by 2.4% in the first quarter. United Capital Financial Advisers LLC now owns 8,756 shares of the industrial products company’s stock worth $712,000 after buying an additional 207 shares during the period. Glen Harbor Capital Management LLC boosted its stake in Ingersoll-Rand PLC (Ireland) by 86.4% in the first quarter. Glen Harbor Capital Management LLC now owns 68,152 shares of the industrial products company’s stock worth $5,542,000 after buying an additional 31,584 shares during the period. Cleararc Capital Inc. boosted its stake in Ingersoll-Rand PLC (Ireland) by 0.9% in the first quarter. Cleararc Capital Inc. now owns 6,345 shares of the industrial products company’s stock worth $516,000 after buying an additional 55 shares during the period. Vanguard Group Inc. boosted its stake in Ingersoll-Rand PLC (Ireland) by 1.8% in the first quarter. Vanguard Group Inc. now owns 16,481,935 shares of the industrial products company’s stock worth $1,340,311,000 after buying an additional 288,826 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in Ingersoll-Rand PLC (Ireland) by 18.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,215,646 shares of the industrial products company’s stock worth $98,857,000 after buying an additional 187,142 shares during the period. Institutional investors and hedge funds own 83.11% of the company’s stock.

Shares of Ingersoll-Rand PLC (NYSE IR) opened at 85.09 on Friday. Ingersoll-Rand PLC has a one year low of $62.40 and a one year high of $94.39. The stock has a market capitalization of $21.58 billion, a PE ratio of 21.12 and a beta of 1.31. The firm has a 50-day moving average price of $90.21 and a 200 day moving average price of $85.61.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be given a dividend of $0.45 per share. This is an increase from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.80 annualized dividend and a yield of 2.12%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is presently 39.80%.

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A number of analysts have recently commented on IR shares. Zacks Investment Research upgraded Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research report on Friday, June 16th. Credit Suisse Group reiterated 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. BidaskClub cut Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. BMO Capital Markets reiterated a “buy” rating and set a $87.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, April 20th. Finally, Wolfe Research assumed coverage on Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, July 11th. They set a “market perform” rating for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $97.43.

In other Ingersoll-Rand PLC (Ireland) news, EVP Robert Zafari sold 1,483 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $89.59, for a total transaction of $132,861.97. Following the completion of the transaction, the executive vice president now owns 66,944 shares of the company’s stock, valued at $5,997,512.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard J. Swift sold 2,500 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $88.03, for a total value of $220,075.00. Following the transaction, the director now directly owns 65,932 shares of the company’s stock, valued at approximately $5,803,993.96. The disclosure for this sale can be found here. Insiders have sold 14,443 shares of company stock valued at $1,292,381 in the last three months. 0.65% of the stock is currently owned by company insiders.

Ingersoll-Rand PLC (Ireland) Company Profile

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

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