Courier Capital LLC held its position in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,510 shares of the industrial products company’s stock at the close of the second quarter. Courier Capital LLC’s holdings in Ingersoll-Rand PLC (Ireland) were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Israel Discount Bank of New York acquired a new stake in shares of Ingersoll-Rand PLC (Ireland) in the first quarter valued at about $126,000. 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 acquiring an additional 22 shares during the last quarter. 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 acquiring an additional 176 shares during the last quarter. 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 acquiring an additional 131 shares during the last quarter. Finally, Penserra Capital Management LLC increased its position in shares of Ingersoll-Rand PLC (Ireland) by 9.5% in the first quarter. Penserra Capital Management LLC now owns 2,392 shares of the industrial products company’s stock valued at $194,000 after acquiring an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 80.58% of the company’s stock.

Shares of Ingersoll-Rand PLC (NYSE:IR) traded down 0.88% during trading on Friday, reaching $89.23. The company’s stock had a trading volume of 476,828 shares. Ingersoll-Rand PLC has a 12 month low of $62.97 and a 12 month high of $94.39. The stock’s 50 day moving average price is $86.40 and its 200-day moving average price is $86.54. The firm has a market cap of $22.63 billion, a PE ratio of 22.15 and a beta of 1.30.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a $0.45 dividend. This is a positive change from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, September 7th. 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%.

In other news, EVP Didier P. Teirlinck sold 26,174 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $86.10, for a total transaction 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 approximately $11,290,206.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard J. Swift sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $88.03, for a total transaction of $220,075.00. Following the sale, the director now 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. Company insiders own 0.65% of the company’s stock.

A number of research firms recently issued reports on IR. UBS AG set a $97.00 target price on Ingersoll-Rand PLC (Ireland) and gave the company a “buy” rating in a research report on Thursday, July 27th. Zacks Investment Research downgraded Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, August 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $93.00 target price (up previously from $90.00) on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, July 27th. Finally, BidaskClub downgraded Ingersoll-Rand PLC (Ireland) from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $99.13.

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Ingersoll-Rand PLC (Ireland) 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.

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

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