Birch Hill Investment Advisors LLC maintained its stake in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,680 shares of the industrial products company’s stock at the close of the 2nd quarter. Birch Hill Investment Advisors LLC’s holdings in Ingersoll-Rand PLC (Ireland) were worth $885,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IR. BlackRock Inc. boosted its position in Ingersoll-Rand PLC (Ireland) by 1,560.6% during the 1st quarter. BlackRock Inc. now owns 17,554,733 shares of the industrial products company’s stock valued at $1,427,553,000 after acquiring an additional 16,497,616 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Ingersoll-Rand PLC (Ireland) by 182.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,926,345 shares of the industrial products company’s stock valued at $1,089,950,000 after acquiring an additional 7,702,903 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in Ingersoll-Rand PLC (Ireland) during the 2nd quarter valued at $100,929,000. MARSHALL WACE ASIA Ltd bought a new stake in Ingersoll-Rand PLC (Ireland) during the 1st quarter valued at $33,005,000. Finally, Marshall Wace North America L.P. bought a new stake in Ingersoll-Rand PLC (Ireland) during the 1st quarter valued at $33,005,000. 80.56% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on IR. Stifel Nicolaus lowered their price objective on Ingersoll-Rand PLC (Ireland) from $103.00 to $98.00 and set a “buy” rating for the company in a research report on Wednesday, September 13th. UBS AG set a $97.00 price objective on Ingersoll-Rand PLC (Ireland) and gave the stock a “buy” rating in a research report on Thursday, July 27th. Jefferies Group LLC reissued a “buy” rating and issued a $105.00 price objective on shares of Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, September 12th. ValuEngine raised Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $93.00 price objective (up previously from $90.00) on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. Ingersoll-Rand PLC (Ireland) presently has a consensus rating of “Hold” and an average target price of $99.13.

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Shares of Ingersoll-Rand PLC (NYSE:IR) traded up 0.47% during trading on Monday, reaching $89.86. The company had a trading volume of 229,072 shares. Ingersoll-Rand PLC has a 1-year low of $62.97 and a 1-year high of $94.39. The firm has a market capitalization of $22.79 billion, a PE ratio of 22.31 and a beta of 1.30. The firm has a 50-day moving average of $86.45 and a 200 day moving average of $86.60.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last released its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.49 earnings per share (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 company 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 posted $1.38 earnings per share. Ingersoll-Rand PLC (Ireland)’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts expect that Ingersoll-Rand PLC will post $4.54 earnings per share 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 paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend 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 currently 44.78%.

In other news, Director Richard J. Swift sold 2,500 shares of the 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 completion of the sale, the director now owns 65,932 shares in the company, valued at $5,803,993.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Didier P. Teirlinck sold 26,174 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $86.10, for a total transaction of $2,253,581.40. Following the sale, the executive vice president now owns 131,129 shares of the company’s stock, valued at approximately $11,290,206.90. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

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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