Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 0.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 585,096 shares of the industrial products company’s stock after buying an additional 2,899 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.23% of Ingersoll-Rand PLC (Ireland) worth $53,472,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Ingersoll-Rand PLC (Ireland) by 1,560.6% in the first quarter. BlackRock Inc. now owns 17,554,733 shares of the industrial products company’s stock worth $1,427,553,000 after buying an additional 16,497,616 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Ingersoll-Rand PLC (Ireland) by 55.7% in the first quarter. JPMorgan Chase & Co. now owns 4,223,442 shares of the industrial products company’s stock worth $343,449,000 after buying an additional 1,511,211 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in Ingersoll-Rand PLC (Ireland) during the first quarter worth approximately $33,005,000. Marshall Wace North America L.P. purchased a new position in Ingersoll-Rand PLC (Ireland) during the first quarter worth approximately $33,005,000. Finally, TIAA CREF Investment Management LLC boosted its position in Ingersoll-Rand PLC (Ireland) by 15.6% in the first quarter. TIAA CREF Investment Management LLC now owns 2,830,711 shares of the industrial products company’s stock worth $230,193,000 after buying an additional 383,018 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ingersoll-Rand PLC (IR) opened at 83.86 on Tuesday. The firm has a 50-day moving average of $88.59 and a 200 day moving average of $86.04. Ingersoll-Rand PLC has a one year low of $62.40 and a one year high of $94.39. The stock has a market capitalization of $21.27 billion, a price-to-earnings ratio of 20.82 and a beta of 1.31.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. The firm had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 7.60% and a return on equity of 16.64%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.38 earnings per share. On average, equities research analysts predict that Ingersoll-Rand PLC will post $4.54 EPS for the current year.

The company also recently declared 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 yield of 2.15%. The ex-dividend date of this dividend is Thursday, September 7th. This is a boost from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. Ingersoll-Rand PLC (Ireland)’s payout ratio is 39.80%.

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A number of research analysts have recently issued reports on IR shares. Zacks Investment Research raised Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $101.00 price objective on the stock in a research note on Friday, June 16th. Credit Suisse Group reaffirmed a “buy” rating and set a $105.00 price objective on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, July 11th. Wolfe Research started coverage on Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, July 11th. They set a “market perform” rating on the stock. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $100.00 price objective on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. Ingersoll-Rand PLC (Ireland) currently has an average rating of “Hold” and a consensus price target of $97.50.

In other news, EVP Didier P. Teirlinck sold 26,174 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $86.10, for a total transaction of $2,253,581.40. Following the completion of the sale, the executive vice president now owns 131,129 shares in the company, valued at approximately $11,290,206.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard J. Swift sold 2,500 shares of the business’s 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 sale, the director now owns 65,932 shares of the company’s stock, valued at approximately $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 quarter. 0.65% of the stock is currently owned by company 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.

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

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