Quantum Capital Management decreased its stake in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 6.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 94,945 shares of the industrial products company’s stock after selling 7,029 shares during the quarter. Ingersoll-Rand PLC (Ireland) accounts for about 2.0% of Quantum Capital Management’s investment portfolio, making the stock its 16th biggest position. Quantum Capital Management’s holdings in Ingersoll-Rand PLC (Ireland) were worth $8,466,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of IR. Benjamin F. Edwards & Company Inc. boosted its position in shares of Ingersoll-Rand PLC (Ireland) by 0.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,885 shares of the industrial products company’s stock valued at $264,000 after acquiring an additional 12 shares in the last quarter. Creative Planning boosted its position in shares of Ingersoll-Rand PLC (Ireland) by 0.3% during the 2nd quarter. Creative Planning now owns 9,769 shares of the industrial products company’s stock valued at $893,000 after acquiring an additional 32 shares in the last quarter. Salem Investment Counselors Inc. boosted its position in shares of Ingersoll-Rand PLC (Ireland) by 0.3% during the 2nd quarter. Salem Investment Counselors Inc. now owns 21,737 shares of the industrial products company’s stock valued at $1,987,000 after acquiring an additional 62 shares in the last quarter. Calamos Advisors LLC boosted its position in shares of Ingersoll-Rand PLC (Ireland) by 1.5% during the 2nd quarter. Calamos Advisors LLC now owns 4,685 shares of the industrial products company’s stock valued at $428,000 after acquiring an additional 70 shares in the last quarter. Finally, MML Investors Services LLC boosted its position in shares of Ingersoll-Rand PLC (Ireland) by 1.5% during the 2nd quarter. MML Investors Services LLC now owns 5,365 shares of the industrial products company’s stock valued at $490,000 after acquiring an additional 79 shares in the last quarter. Institutional investors own 82.52% of the company’s stock.

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Several analysts have recently weighed in on IR shares. Zacks Investment Research lowered shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Stifel Nicolaus decreased their target price on shares of Ingersoll-Rand PLC (Ireland) from $103.00 to $98.00 and set a “buy” rating on the stock in a research report on Wednesday, September 13th. Bank of America Corporation lowered shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 target price on the stock. in a research report on Tuesday, October 17th. Robert W. Baird set a $98.00 target price on shares of Ingersoll-Rand PLC (Ireland) and gave the company a “hold” rating in a research report on Thursday, August 24th. Finally, BidaskClub lowered shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $99.18.

In other news, SVP Paul A. Camuti sold 14,097 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $95.00, for a total value of $1,339,215.00. Following the completion of the transaction, the senior vice president now owns 66,439 shares in the company, valued at $6,311,705. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marcia J. Avedon sold 10,460 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $94.00, for a total transaction of $983,240.00. Following the completion of the transaction, the insider now owns 111,637 shares of the company’s stock, valued at approximately $10,493,878. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

Ingersoll-Rand PLC (IR) traded down $1.34 during trading hours on Thursday, reaching $83.36. 1,542,900 shares of the company’s stock were exchanged, compared to its average volume of 1,728,236. The firm has a market capitalization of $21,163.81, a price-to-earnings ratio of 19.52, a PEG ratio of 2.04 and a beta of 1.37. Ingersoll-Rand PLC has a 52-week low of $74.02 and a 52-week high of $96.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.89 and a current ratio of 1.24.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its earnings results on Wednesday, October 25th. The industrial products company reported $1.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.01. Ingersoll-Rand PLC (Ireland) had a net margin of 7.47% and a return on equity of 16.65%. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the previous year, the firm posted $1.41 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. analysts expect that Ingersoll-Rand PLC will post 4.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, December 7th. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is presently 44.89%.

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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