King Luther Capital Management Corp acquired a new position in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,900 shares of the industrial products company’s stock, valued at approximately $259,000.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position 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 buying an additional 7,702,903 shares during the last quarter. Westfield Capital Management Co. LP acquired a new position in Ingersoll-Rand PLC (Ireland) during the second quarter worth $100,929,000. Janus Henderson Group PLC increased its position in Ingersoll-Rand PLC (Ireland) by 2,075.3% during the second quarter. Janus Henderson Group PLC now owns 716,452 shares of the industrial products company’s stock worth $65,477,000 after buying an additional 683,516 shares during the last quarter. Prudential Financial Inc. increased its position in Ingersoll-Rand PLC (Ireland) by 87.4% during the third quarter. Prudential Financial Inc. now owns 1,429,458 shares of the industrial products company’s stock worth $127,465,000 after buying an additional 666,550 shares during the last quarter. Finally, APG Asset Management N.V. increased its position in Ingersoll-Rand PLC (Ireland) by 83.0% during the third quarter. APG Asset Management N.V. now owns 1,418,049 shares of the industrial products company’s stock worth $126,447,000 after buying an additional 643,000 shares during the last quarter. Institutional investors and hedge funds own 82.87% of the company’s stock.

Shares of Ingersoll-Rand PLC (NYSE IR) opened at $87.61 on Friday. The stock has a market capitalization of $21,890.94, a PE ratio of 20.19, a PEG ratio of 2.11 and a beta of 1.35. Ingersoll-Rand PLC has a 1 year low of $74.35 and a 1 year high of $96.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 0.89.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last issued its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.01. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.71 billion. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.65% and a net margin of 7.47%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $1.41 earnings per share. sell-side analysts predict that Ingersoll-Rand PLC will post 4.51 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, December 7th. Ingersoll-Rand PLC (Ireland)’s payout ratio is presently 44.89%.

In related news, insider Marcia J. Avedon sold 10,460 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $94.00, for a total value of $983,240.00. Following the completion of the sale, the insider now owns 111,637 shares in the company, valued at $10,493,878. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Paul A. Camuti sold 14,097 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $95.00, for a total transaction of $1,339,215.00. Following the completion of the sale, the senior vice president now owns 66,439 shares of the company’s stock, valued at approximately $6,311,705. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by company insiders.

Several research firms have commented on IR. Stifel Nicolaus reissued a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, August 24th. Citigroup increased their target price on shares of Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Morgan Stanley raised their price target on Ingersoll-Rand PLC (Ireland) from $94.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, September 25th. Royal Bank Of Canada lowered their price target on Ingersoll-Rand PLC (Ireland) from $93.00 to $91.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 26th. Finally, Zacks Investment Research downgraded Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $99.18.

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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.

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

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