D.A. Davidson & CO. cut its stake in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 1.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,999 shares of the industrial products company’s stock after selling 70 shares during the quarter. D.A. Davidson & CO.’s holdings in Ingersoll-Rand PLC (Ireland) were worth $639,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. raised its stake in shares of Ingersoll-Rand PLC (Ireland) by 0.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,885 shares of the industrial products company’s stock worth $264,000 after purchasing an additional 12 shares during the last quarter. Savant Capital LLC raised its stake in shares of Ingersoll-Rand PLC (Ireland) by 0.6% in the first quarter. Savant Capital LLC now owns 2,767 shares of the industrial products company’s stock worth $225,000 after purchasing an additional 16 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in shares of Ingersoll-Rand PLC (Ireland) by 0.3% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 6,169 shares of the industrial products company’s stock worth $502,000 after purchasing an additional 17 shares during the last quarter. Zions Bancorporation raised its stake in shares of Ingersoll-Rand PLC (Ireland) by 1.1% in the first quarter. Zions Bancorporation now owns 2,001 shares of the industrial products company’s stock worth $163,000 after purchasing an additional 22 shares during the last quarter. Finally, Creative Planning raised its stake in shares of Ingersoll-Rand PLC (Ireland) by 0.3% in the second quarter. Creative Planning now owns 9,769 shares of the industrial products company’s stock worth $893,000 after purchasing an additional 32 shares during the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

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In other Ingersoll-Rand PLC (Ireland) news, EVP Didier P. Teirlinck sold 26,174 shares of the business’s stock in a transaction 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 directly owns 131,129 shares in the company, valued at approximately $11,290,206.90. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard J. Swift sold 2,500 shares of the business’s stock in a transaction on Monday, August 7th. The shares were 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 $5,803,993.96. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by insiders.

Shares of Ingersoll-Rand PLC (NYSE:IR) opened at 88.05 on Thursday. The stock has a market capitalization of $22.34 billion, a P/E ratio of 21.86 and a beta of 1.30. The firm has a 50-day moving average price of $86.58 and a 200-day moving average price of $86.84. Ingersoll-Rand PLC has a 52-week low of $63.87 and a 52-week 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 for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. The business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.78 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 7.60% and a return on equity of 16.64%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.38 EPS. On average, analysts predict that Ingersoll-Rand PLC will post $4.54 EPS for the current year.

The business 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. The ex-dividend date of this dividend is Thursday, September 7th. This is a positive change from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 2.04%. Ingersoll-Rand PLC (Ireland)’s payout ratio is currently 44.78%.

Several analysts have recently commented on IR shares. Zacks Investment Research downgraded Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research note on Wednesday, May 31st. 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. Wolfe Research started coverage on Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, July 11th. They set a “market perform” rating for the company. UBS AG set a $97.00 price target on Ingersoll-Rand PLC (Ireland) and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $93.00 price target (up from $90.00) on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $99.22.

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.

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

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