California Public Employees Retirement System trimmed its position in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 0.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 644,153 shares of the industrial products company’s stock after selling 100 shares during the period. California Public Employees Retirement System owned approximately 0.25% of Ingersoll-Rand PLC (Ireland) worth $58,869,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of IR. BlackRock Inc. lifted its holdings in shares of Ingersoll-Rand PLC (Ireland) by 1,560.6% in the first quarter. BlackRock Inc. now owns 17,554,733 shares of the industrial products company’s stock valued at $1,427,553,000 after purchasing an additional 16,497,616 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Ingersoll-Rand PLC (Ireland) by 182.4% during the second quarter. JPMorgan Chase & Co. now owns 11,926,345 shares of the industrial products company’s stock worth $1,089,950,000 after acquiring an additional 7,702,903 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in Ingersoll-Rand PLC (Ireland) during the second quarter worth about $100,929,000. MARSHALL WACE ASIA Ltd bought a new stake in Ingersoll-Rand PLC (Ireland) during the first quarter worth about $33,005,000. Finally, Marshall Wace North America L.P. bought a new stake in Ingersoll-Rand PLC (Ireland) during the first quarter worth about $33,005,000. Institutional investors own 80.56% of the company’s stock.

In other Ingersoll-Rand PLC (Ireland) news, EVP Didier P. Teirlinck sold 26,174 shares of Ingersoll-Rand PLC (Ireland) 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 transaction, the executive vice president now owns 131,129 shares of the company’s stock, valued at approximately $11,290,206.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard J. Swift sold 2,500 shares of Ingersoll-Rand PLC (Ireland) 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 transaction, the director now directly owns 65,932 shares in the company, valued at approximately $5,803,993.96. The disclosure for this sale can be found here. 0.65% of the stock is owned by company insiders.

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Ingersoll-Rand PLC (NYSE IR) opened at 88.92 on Friday. Ingersoll-Rand PLC has a 12 month low of $63.87 and a 12 month high of $94.39. The firm has a market cap of $22.56 billion, a P/E ratio of 22.08 and a beta of 1.30. The firm’s 50-day moving average price is $86.58 and its 200-day moving average price is $86.84.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its earnings results on Wednesday, July 26th. The industrial products company reported $1.49 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter last year, the firm earned $1.38 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts expect that Ingersoll-Rand PLC will post $4.54 EPS for the current fiscal year.

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.80 annualized dividend and a dividend yield of 2.02%. This is a boost from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is currently 44.78%.

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

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