Biegel & Waller LLC maintained its stake in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,000 shares of the industrial products company’s stock at the end of the second quarter. Ingersoll-Rand PLC (Ireland) comprises 1.7% of Biegel & Waller LLC’s holdings, making the stock its 12th largest position. Biegel & Waller LLC’s holdings in Ingersoll-Rand PLC (Ireland) were worth $2,742,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 5.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 10,898 shares of the industrial products company’s stock valued at $996,000 after buying an additional 593 shares in the last quarter. CFO4Life Group LLC increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 25.1% in the second quarter. CFO4Life Group LLC now owns 5,474 shares of the industrial products company’s stock valued at $500,000 after buying an additional 1,100 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 7.3% in the second quarter. Neuberger Berman Group LLC now owns 329,298 shares of the industrial products company’s stock valued at $30,095,000 after buying an additional 22,523 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 0.5% in 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 buying an additional 2,899 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 18.9% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 65,341 shares of the industrial products company’s stock valued at $5,972,000 after buying an additional 10,406 shares in the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

Shares of Ingersoll-Rand PLC (NYSE:IR) traded down 0.08% on Monday, reaching $84.56. The company’s stock had a trading volume of 67,140 shares. The stock has a market cap of $21.45 billion, a PE ratio of 20.99 and a beta of 1.31. Ingersoll-Rand PLC has a 1-year low of $62.40 and a 1-year high of $94.39. The company’s 50 day moving average is $88.59 and its 200-day moving average is $86.04.

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 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 business had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter last year, the firm earned $1.38 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities analysts predict that Ingersoll-Rand PLC will post $4.54 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors 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. The ex-dividend date is Thursday, September 7th. This represents a $1.80 annualized dividend and a yield of 2.13%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is presently 39.80%.

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Several 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 $99.00 price objective for the company in a research note on Thursday, May 18th. Credit Suisse Group reissued a “buy” rating and issued a $105.00 price objective on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, July 11th. BMO Capital Markets reissued a “buy” rating and issued a $100.00 price objective on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, May 2nd. Finally, BidaskClub downgraded Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $97.50.

In other Ingersoll-Rand PLC (Ireland) news, insider Paul A. Camuti sold 6,960 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $89.90, for a total transaction of $625,704.00. Following the transaction, the insider now owns 64,979 shares of the company’s stock, valued at approximately $5,841,612.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard J. Swift sold 2,500 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $88.03, for a total transaction of $220,075.00. Following the transaction, the director now directly owns 65,932 shares in the company, valued at approximately $5,803,993.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,634 shares of company stock worth $3,099,360. 0.65% of the stock is owned by insiders.

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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