Raymond James Trust N.A. grew its position in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 3.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,497 shares of the industrial products company’s stock after purchasing an additional 542 shares during the quarter. Raymond James Trust N.A.’s holdings in Ingersoll-Rand PLC (Ireland) were worth $1,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. boosted its position in shares of Ingersoll-Rand PLC (Ireland) by 1,560.6% during the first quarter. BlackRock Inc. now owns 17,554,733 shares of the industrial products company’s stock worth $1,427,553,000 after acquiring an additional 16,497,616 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Ingersoll-Rand PLC (Ireland) by 1.8% during 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 acquiring an additional 288,826 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Ingersoll-Rand PLC (Ireland) by 182.4% during the second quarter. JPMorgan Chase & Co. now owns 11,926,345 shares of the industrial products company’s stock worth $1,089,950,000 after acquiring an additional 7,702,903 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Ingersoll-Rand PLC (Ireland) by 0.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,812,712 shares of the industrial products company’s stock worth $391,370,000 after acquiring an additional 41,198 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Ingersoll-Rand PLC (Ireland) by 1.3% during the first quarter. AQR Capital Management LLC now owns 3,646,725 shares of the industrial products company’s stock worth $296,551,000 after acquiring an additional 47,966 shares during the last quarter. Institutional investors and hedge funds own 80.58% of the company’s stock.

Ingersoll-Rand PLC (NYSE IR) traded down 0.03% during trading on Wednesday, reaching $89.98. 114,854 shares of the company’s stock traded hands. The firm has a market capitalization of $22.82 billion, a PE ratio of 22.34 and a beta of 1.30. The company has a 50-day moving average price of $86.34 and a 200 day moving average price of $86.42. Ingersoll-Rand PLC has a one year low of $62.97 and a one year high of $94.39.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its earnings results on Wednesday, July 26th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter in the previous year, the company posted $1.38 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts anticipate that Ingersoll-Rand PLC will post $4.54 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.00%. 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 44.78%.

In other news, Director Richard J. Swift sold 2,500 shares of the business’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 transaction, the director now owns 65,932 shares of the company’s stock, valued at approximately $5,803,993.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Didier P. Teirlinck sold 26,174 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 131,129 shares in the company, valued at approximately $11,290,206.90. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

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IR has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research report on Thursday, May 18th. UBS AG set a $97.00 target price on shares of Ingersoll-Rand PLC (Ireland) and gave the stock a “buy” rating in a research report on Thursday, July 27th. Credit Suisse Group restated a “buy” rating and set a $105.00 target price on shares of Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, July 11th. Stifel Nicolaus restated a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, August 24th. Finally, ValuEngine upgraded shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Ingersoll-Rand PLC (Ireland) has a consensus rating of “Hold” and a consensus price target of $99.13.

Ingersoll-Rand PLC (Ireland) 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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