Glenmede Trust Co. NA grew its position in shares of Ingersoll-Rand PLC (NYSE:IR) by 4.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,481,923 shares of the industrial products company’s stock after purchasing an additional 62,015 shares during the period. Glenmede Trust Co. NA’s holdings in Ingersoll-Rand were worth $132,973,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Flagship Harbor Advisors LLC bought a new position in shares of Ingersoll-Rand in the 2nd quarter valued at about $106,000. Synovus Financial Corp bought a new position in shares of Ingersoll-Rand in the 1st quarter valued at about $118,000. Fort L.P. bought a new position in shares of Ingersoll-Rand in the 2nd quarter valued at about $121,000. Smithfield Trust Co. lifted its holdings in shares of Ingersoll-Rand by 374.5% in the 2nd quarter. Smithfield Trust Co. now owns 1,376 shares of the industrial products company’s stock valued at $123,000 after acquiring an additional 1,086 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Ingersoll-Rand by 653.3% in the 2nd quarter. CWM LLC now owns 1,499 shares of the industrial products company’s stock valued at $135,000 after acquiring an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Shares of NYSE IR opened at $103.40 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.30 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $25.23 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 1.60 and a beta of 1.33. Ingersoll-Rand PLC has a 1 year low of $79.63 and a 1 year high of $104.25.

Ingersoll-Rand (NYSE:IR) last announced its quarterly earnings data on Wednesday, July 25th. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.13. The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.21 billion. Ingersoll-Rand had a net margin of 9.28% and a return on equity of 18.11%. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.49 earnings per share. sell-side analysts predict that Ingersoll-Rand PLC will post 5.54 earnings per share for the current fiscal year.

A number of research analysts recently commented on IR shares. Argus increased their price target on shares of Ingersoll-Rand from $100.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. UBS Group increased their price target on shares of Ingersoll-Rand from $108.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, August 30th. Cowen reaffirmed a “buy” rating and issued a $115.00 price target on shares of Ingersoll-Rand in a report on Monday, September 10th. Zacks Investment Research raised shares of Ingersoll-Rand from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Thursday, June 21st. Finally, Morgan Stanley started coverage on shares of Ingersoll-Rand in a report on Monday, August 20th. They issued an “overweight” rating and a $111.00 price target for the company. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Ingersoll-Rand currently has an average rating of “Buy” and an average target price of $109.55.

In other Ingersoll-Rand news, insider Marcia J. Avedon sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 25th. The shares were sold at an average price of $96.00, for a total value of $960,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Paul A. Camuti sold 1,800 shares of the firm’s stock in a transaction dated Wednesday, July 25th. The stock was sold at an average price of $95.00, for a total transaction of $171,000.00. Following the completion of the sale, the senior vice president now directly owns 59,290 shares of the company’s stock, valued at approximately $5,632,550. The disclosure for this sale can be found here. In the last three months, insiders sold 26,561 shares of company stock valued at $2,563,616. 0.70% of the stock is owned by insiders.

About Ingersoll-Rand

Ingersoll-Rand plc designs, manufactures, sells, and services industrial and commercial products. It operates through Climate and Industrial segments. The Climate segment offers building management, bus, rail, and multi-pipe HVAC, control, container and cryogenic, diesel-powered, ductless, geothermal, package heating and cooling, rail and self-powered truck refrigeration, temporary heating and cooling, trailer refrigeration, unitary, and vehicle-powered truck refrigeration systems.

Featured Article: Stock Symbols and CUSIP Explained

Want to see what other hedge funds are holding IR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingersoll-Rand PLC (NYSE:IR).

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

Receive News & Ratings for Ingersoll-Rand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingersoll-Rand and related companies with MarketBeat.com's FREE daily email newsletter.