Amalgamated Bank increased its holdings in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 56.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,501 shares of the industrial products company’s stock after acquiring an additional 10,702 shares during the quarter. Amalgamated Bank’s holdings in Ingersoll-Rand PLC (Ireland) were worth $2,696,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Benjamin F. Edwards & Company Inc. lifted its holdings in Ingersoll-Rand PLC (Ireland) by 0.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,885 shares of the industrial products company’s stock worth $264,000 after acquiring an additional 12 shares during the period. Savant Capital LLC lifted its holdings in Ingersoll-Rand PLC (Ireland) by 0.6% during the first quarter. Savant Capital LLC now owns 2,767 shares of the industrial products company’s stock worth $225,000 after acquiring an additional 16 shares during the period. Edmond DE Rothschild Holding S.A. lifted its holdings in Ingersoll-Rand PLC (Ireland) by 0.3% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 6,169 shares of the industrial products company’s stock worth $502,000 after acquiring an additional 17 shares during the period. Zions Bancorporation lifted its holdings in Ingersoll-Rand PLC (Ireland) by 1.1% during the first quarter. Zions Bancorporation now owns 2,001 shares of the industrial products company’s stock worth $163,000 after acquiring an additional 22 shares during the period. Finally, Creative Planning lifted its holdings in Ingersoll-Rand PLC (Ireland) by 0.3% during the second quarter. Creative Planning now owns 9,769 shares of the industrial products company’s stock worth $893,000 after acquiring an additional 32 shares during the period. Institutional investors and hedge funds own 80.58% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Ingersoll-Rand PLC (Ireland) (IR) Position Increased by Amalgamated Bank” was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this news story on another domain, it was stolen and republished in violation of U.S. and international copyright laws. The original version of this news story can be accessed at https://www.dailypolitical.com/2017/09/17/ingersoll-rand-plc-ireland-ir-position-increased-by-amalgamated-bank.html.

Ingersoll-Rand PLC (IR) opened at 89.44 on Friday. The company’s 50-day moving average price is $86.45 and its 200 day moving average price is $86.60. The stock has a market capitalization of $22.69 billion, a PE ratio of 22.20 and a beta of 1.30. Ingersoll-Rand PLC has a 52-week low of $63.67 and a 52-week high of $94.39.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last issued its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the prior year, the business posted $1.38 EPS. Ingersoll-Rand PLC (Ireland)’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities analysts forecast 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. Shareholders of record on Friday, September 8th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Thursday, September 7th. This is a positive change from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is presently 44.78%.

In other Ingersoll-Rand PLC (Ireland) news, Director Richard J. Swift sold 2,500 shares of the 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 completion of the sale, the director now owns 65,932 shares in the company, valued at approximately $5,803,993.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Didier P. Teirlinck sold 26,174 shares of the stock in a transaction on Tuesday, August 15th. The stock was 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 of the company’s stock, valued at approximately $11,290,206.90. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

IR has been the topic of a number of recent analyst reports. UBS AG set a $97.00 price target on Ingersoll-Rand PLC (Ireland) and gave the stock a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Friday, May 26th. Credit Suisse Group restated a “buy” rating and issued a $105.00 target price on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, July 11th. Stifel Nicolaus restated a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a research note on Thursday, August 24th. Finally, ValuEngine upgraded Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $99.13.

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.

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.