WBI Investments Inc. bought a new position in Ingersoll-Rand PLC (Ireland) (NYSE:IR) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 105,703 shares of the industrial products company’s stock, valued at approximately $9,660,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of IR. BlackRock Inc. increased its holdings in Ingersoll-Rand PLC (Ireland) by 1,560.6% in the 1st quarter. BlackRock Inc. now owns 17,554,733 shares of the industrial products company’s stock worth $1,427,553,000 after purchasing an additional 16,497,616 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 182.4% in the second quarter. JPMorgan Chase & Co. now owns 11,926,345 shares of the industrial products company’s stock valued at $1,089,950,000 after buying an additional 7,702,903 shares during the period. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Ingersoll-Rand PLC (Ireland) in the first quarter valued at about $33,005,000. Marshall Wace North America L.P. acquired a new stake in shares of Ingersoll-Rand PLC (Ireland) in the first quarter valued at about $33,005,000. Finally, TIAA CREF Investment Management LLC increased its stake in shares of 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 valued at $230,193,000 after buying an additional 383,018 shares during the period. 80.58% of the stock is owned by institutional investors and hedge funds.

In other news, 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 value of $220,075.00. Following the sale, the director now directly owns 65,932 shares of the company’s stock, valued at approximately $5,803,993.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Didier P. Teirlinck sold 26,174 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $86.10, for a total value of $2,253,581.40. Following the completion of the sale, the executive vice president now directly owns 131,129 shares in the company, valued at $11,290,206.90. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

Shares of Ingersoll-Rand PLC (NYSE IR) traded up 1.77% on Tuesday, reaching $90.09. The company’s stock had a trading volume of 666,460 shares. The company’s 50 day moving average price is $86.28 and its 200 day moving average price is $86.41. The company has a market cap of $22.85 billion, a P/E ratio of 22.37 and a beta of 1.30. Ingersoll-Rand PLC has a 12-month low of $62.97 and a 12-month high of $94.39.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its quarterly earnings data 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. The business had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.64% and a net margin of 7.60%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.38 EPS. Analysts forecast that Ingersoll-Rand PLC will post $4.54 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.03%. This is a boost from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, September 7th. Ingersoll-Rand PLC (Ireland)’s payout ratio is presently 44.78%.

IR has been the subject of several recent research reports. Zacks Investment Research raised Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a research note on Friday, June 16th. Credit Suisse Group reissued a “buy” rating and issued a $105.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, July 11th. Wolfe Research initiated coverage on Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, July 11th. They issued a “market perform” rating for the company. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a research note on Thursday, August 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Ingersoll-Rand PLC (Ireland) currently has an average rating of “Hold” and a consensus target price of $99.75.

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Ingersoll-Rand PLC (Ireland) Company 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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