Harfst & Associates Inc. increased its stake in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 43.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,580 shares of the industrial products company’s stock after purchasing an additional 482 shares during the quarter. Harfst & Associates Inc.’s holdings in Ingersoll-Rand PLC (Ireland) were worth $144,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aviva PLC grew its stake in shares of Ingersoll-Rand PLC (Ireland) by 1.1% during the second quarter. Aviva PLC now owns 163,875 shares of the industrial products company’s stock valued at $14,982,000 after purchasing an additional 1,850 shares during the last quarter. United Capital Financial Advisers LLC grew its stake in shares of Ingersoll-Rand PLC (Ireland) by 2.4% during the first quarter. United Capital Financial Advisers LLC now owns 8,756 shares of the industrial products company’s stock valued at $712,000 after purchasing an additional 207 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of Ingersoll-Rand PLC (Ireland) during the second quarter valued at approximately $2,321,000. Nisa Investment Advisors LLC grew its stake in shares of Ingersoll-Rand PLC (Ireland) by 15.1% during the second quarter. Nisa Investment Advisors LLC now owns 43,190 shares of the industrial products company’s stock valued at $3,934,000 after purchasing an additional 5,650 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Ingersoll-Rand PLC (Ireland) by 0.5% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 585,096 shares of the industrial products company’s stock valued at $53,472,000 after purchasing an additional 2,899 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

In other Ingersoll-Rand PLC (Ireland) news, Director Richard J. Swift sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $88.03, for a total value of $220,075.00. Following the completion of the transaction, the director now directly owns 65,932 shares in the company, valued at approximately $5,803,993.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Didier P. Teirlinck sold 26,174 shares of the company’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 transaction, the executive vice president now owns 131,129 shares of the company’s stock, valued at $11,290,206.90. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

Several analysts have recently commented on the stock. Wolfe Research assumed coverage on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, July 11th. They set a “market perform” rating on the stock. Credit Suisse Group reissued a “buy” rating and set a $105.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, July 11th. Zacks Investment Research cut shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. J P Morgan Chase & Co cut shares of Ingersoll-Rand PLC (Ireland) from an “overweight” rating to a “neutral” rating in a research note on Wednesday. Finally, Stifel Nicolaus decreased their price target on shares of Ingersoll-Rand PLC (Ireland) from $103.00 to $98.00 and set a “buy” rating on the stock in a research note on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $99.13.

Shares of Ingersoll-Rand PLC (IR) traded down 0.36% during trading on Friday, reaching $88.92. 1,617,659 shares of the company’s stock were exchanged. The stock has a market cap of $22.56 billion, a PE ratio of 22.08 and a beta of 1.30. Ingersoll-Rand PLC has a 52-week low of $63.87 and a 52-week high of $94.39. The stock’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 announced its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $3.78 billion. During the same period in the prior year, the company posted $1.38 EPS. The company’s revenue was up 4.4% on a year-over-year basis. On average, equities research analysts forecast that Ingersoll-Rand PLC will post $4.54 EPS for the current 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 given a $0.45 dividend. 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 2.02%. The ex-dividend date is Thursday, September 7th. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is 44.78%.

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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.

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

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