Riverhead Capital Management LLC lowered its position in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 0.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,723 shares of the industrial products company’s stock after selling 326 shares during the quarter. Riverhead Capital Management LLC’s holdings in Ingersoll-Rand PLC (Ireland) were worth $3,905,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Aviva PLC lifted its position in shares of Ingersoll-Rand PLC (Ireland) by 1.1% during the 2nd quarter. Aviva PLC now owns 163,875 shares of the industrial products company’s stock worth $14,982,000 after buying an additional 1,850 shares during the last quarter. United Capital Financial Advisers LLC lifted its position in shares of Ingersoll-Rand PLC (Ireland) by 2.4% during the 1st 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 last quarter. Nisa Investment Advisors LLC lifted its position in shares of Ingersoll-Rand PLC (Ireland) by 15.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 43,190 shares of the industrial products company’s stock worth $3,934,000 after buying an additional 5,650 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of Ingersoll-Rand PLC (Ireland) during the 2nd quarter worth approximately $2,321,000. Finally, Knowledge Leaders Capital LLC lifted its position in shares of Ingersoll-Rand PLC (Ireland) by 0.7% during the 2nd quarter. Knowledge Leaders Capital LLC now owns 68,440 shares of the industrial products company’s stock worth $6,255,000 after buying an additional 486 shares during the last quarter. Institutional investors own 80.58% of the company’s stock.

In other Ingersoll-Rand PLC (Ireland) news, 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 sale, the director now directly owns 65,932 shares in the company, valued at $5,803,993.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Didier P. Teirlinck sold 26,174 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $86.10, for a total value of $2,253,581.40. Following the completion of the sale, the executive vice president now owns 131,129 shares in the company, valued at $11,290,206.90. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.

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Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded 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 report on Thursday, May 18th. Credit Suisse Group restated a “buy” rating and set a $105.00 price objective on shares of Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, July 11th. BidaskClub downgraded shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Stifel Nicolaus reduced their price objective on shares of Ingersoll-Rand PLC (Ireland) from $103.00 to $98.00 and set a “buy” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Ingersoll-Rand PLC (Ireland) has a consensus rating of “Hold” and a consensus price target of $99.13.

Shares of Ingersoll-Rand PLC (NYSE IR) opened at 89.56 on Wednesday. Ingersoll-Rand PLC has a 52-week low of $62.97 and a 52-week high of $94.39. The stock has a market cap of $22.72 billion, a P/E ratio of 22.23 and a beta of 1.30. The company has a 50-day moving average of $86.34 and a 200 day moving average of $86.42.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, September 7th. This is a boost from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.00%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is 44.78%.

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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