Eqis Capital Management Inc. lowered its position in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 36.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,843 shares of the industrial products company’s stock after selling 2,221 shares during the period. Eqis Capital Management Inc.’s holdings in Ingersoll-Rand PLC (Ireland) were worth $351,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in IR. United Capital Financial Advisers LLC raised its stake in Ingersoll-Rand PLC (Ireland) by 2.4% in the first quarter. United Capital Financial Advisers LLC now owns 8,756 shares of the industrial products company’s stock worth $712,000 after buying an additional 207 shares in the last quarter. Glen Harbor Capital Management LLC raised its stake in Ingersoll-Rand PLC (Ireland) by 86.4% in the first quarter. Glen Harbor Capital Management LLC now owns 68,152 shares of the industrial products company’s stock worth $5,542,000 after buying an additional 31,584 shares in the last quarter. USA Financial Portformulas Corp acquired a new stake in Ingersoll-Rand PLC (Ireland) during the fourth quarter worth approximately $3,111,000. Cleararc Capital Inc. raised its stake in Ingersoll-Rand PLC (Ireland) by 0.9% in the first quarter. Cleararc Capital Inc. now owns 6,345 shares of the industrial products company’s stock worth $516,000 after buying an additional 55 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Ingersoll-Rand PLC (Ireland) by 1.8% in the first quarter. Vanguard Group Inc. now owns 16,481,935 shares of the industrial products company’s stock worth $1,340,311,000 after buying an additional 288,826 shares in the last quarter. 80.57% of the stock is currently owned by institutional investors.

Shares of Ingersoll-Rand PLC (NYSE IR) traded down 0.33% on Friday, hitting $85.18. The stock had a trading volume of 1,333,890 shares. Ingersoll-Rand PLC has a 52 week low of $62.40 and a 52 week high of $94.39. The company has a market capitalization of $21.61 billion, a price-to-earnings ratio of 21.15 and a beta of 1.31. The company has a 50-day moving average of $89.50 and a 200 day moving average of $85.83.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last released its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.49 EPS for the quarter, beating the 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 business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the prior year, the firm earned $1.38 EPS. The business’s revenue was up 4.4% on a year-over-year basis. On average, equities research analysts predict that Ingersoll-Rand PLC will post $4.54 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Thursday, September 7th. This is an increase from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is 39.80%.

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A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research report on Friday, June 16th. Credit Suisse Group reissued a “buy” rating and issued a $105.00 target price on shares of Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, July 11th. BidaskClub lowered Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Wolfe Research assumed coverage on Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Finally, Royal Bank Of Canada lifted their target price on Ingersoll-Rand PLC (Ireland) from $83.00 to $85.00 and gave the company a “sector perform” rating in a research report on Thursday, April 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. Ingersoll-Rand PLC (Ireland) presently has an average rating of “Hold” and an average target price of $97.43.

In other news, insider Paul A. Camuti sold 6,960 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $89.90, for a total transaction of $625,704.00. Following the sale, the insider now directly owns 64,979 shares in the company, valued at approximately $5,841,612.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard J. Swift sold 2,500 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $88.03, for a total transaction of $220,075.00. Following the sale, the director now owns 65,932 shares in the company, valued at $5,803,993.96. The disclosure for this sale can be found here. Insiders have sold a total of 35,634 shares of company stock valued at $3,099,360 in the last three months. Insiders own 0.65% of the company’s stock.

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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