Teachers Retirement System of The State of Kentucky decreased its holdings in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 86.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,450 shares of the industrial products company’s stock after selling 187,550 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Ingersoll-Rand PLC (Ireland) were worth $2,600,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IR. Baker Avenue Asset Management LP grew its position in Ingersoll-Rand PLC (Ireland) by 7.4% in the second quarter. Baker Avenue Asset Management LP now owns 8,566 shares of the industrial products company’s stock worth $783,000 after acquiring an additional 592 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in Ingersoll-Rand PLC (Ireland) by 19.7% during the second quarter. Parametric Portfolio Associates LLC now owns 616,860 shares of the industrial products company’s stock worth $56,375,000 after acquiring an additional 101,519 shares during the last quarter. Advisor Group Inc. increased its stake in Ingersoll-Rand PLC (Ireland) by 23.6% during the second quarter. Advisor Group Inc. now owns 15,084 shares of the industrial products company’s stock worth $1,377,000 after acquiring an additional 2,877 shares during the last quarter. Cibc World Markets Corp raised its position in Ingersoll-Rand PLC (Ireland) by 771.2% during the second quarter. Cibc World Markets Corp now owns 236,179 shares of the industrial products company’s stock valued at $21,584,000 after purchasing an additional 209,069 shares during the period. Finally, Harfst & Associates Inc. raised its position in Ingersoll-Rand PLC (Ireland) by 43.9% during the second quarter. Harfst & Associates Inc. now owns 1,580 shares of the industrial products company’s stock valued at $144,000 after purchasing an additional 482 shares during the period. 80.56% of the stock is currently owned by institutional investors.

Several equities 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 $97.00 price objective for the company in a research note on Friday, July 28th. UBS AG set a $97.00 target price on Ingersoll-Rand PLC (Ireland) and gave the stock a “buy” rating in a report on Thursday, July 27th. Credit Suisse Group reissued 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 reissued a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, August 24th. Finally, ValuEngine upgraded Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. Ingersoll-Rand PLC (Ireland) currently has a consensus rating of “Hold” and an average price target of $99.22.

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In other Ingersoll-Rand PLC (Ireland) news, EVP Didier P. Teirlinck sold 26,174 shares of the company’s 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 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 the SEC website. Also, Director Richard J. Swift sold 2,500 shares of the company’s stock in a transaction dated 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 owns 65,932 shares in the company, valued at approximately $5,803,993.96. The disclosure for this sale can be found here. 0.65% of the stock is owned by corporate insiders.

Shares of Ingersoll-Rand PLC (IR) opened at 89.17 on Monday. Ingersoll-Rand PLC has a 52 week low of $63.87 and a 52 week high of $94.39. The stock has a market capitalization of $22.62 billion, a price-to-earnings ratio of 22.14 and a beta of 1.33. The stock’s 50 day moving average is $86.58 and its 200-day moving average is $86.84.

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. Ingersoll-Rand PLC (Ireland) had a net margin of 7.60% and a return on equity of 16.64%. The firm had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter in the previous year, the business posted $1.38 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. 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 was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were issued a dividend of $0.45 per share. The ex-dividend date was 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 2.02%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is 44.78%.

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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