FTB Advisors Inc. increased its position in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 34.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,047 shares of the industrial products company’s stock after acquiring an additional 1,800 shares during the quarter. FTB Advisors Inc.’s holdings in Ingersoll-Rand PLC (Ireland) were worth $644,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake 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 worth $1,427,553,000 after acquiring an additional 16,497,616 shares during the last quarter. Vanguard Group Inc. boosted its stake in Ingersoll-Rand PLC (Ireland) by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 16,727,145 shares of the industrial products company’s stock worth $1,528,695,000 after acquiring an additional 245,210 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in 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 in the last quarter. Ameriprise Financial Inc. lifted its stake in Ingersoll-Rand PLC (Ireland) by 1.7% in the second quarter. Ameriprise Financial Inc. now owns 5,803,838 shares of the industrial products company’s stock valued at $530,374,000 after buying an additional 94,526 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Ingersoll-Rand PLC (Ireland) by 0.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,812,712 shares of the industrial products company’s stock valued at $391,370,000 after buying an additional 41,198 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

In other Ingersoll-Rand PLC (Ireland) news, Director Richard J. Swift sold 2,500 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $88.03, for a total transaction of $220,075.00. Following the transaction, the director now directly owns 65,932 shares in the company, valued at approximately $5,803,993.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Didier P. Teirlinck sold 26,174 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $86.10, for a total value of $2,253,581.40. Following the transaction, the executive vice president now owns 131,129 shares in the company, valued at $11,290,206.90. The disclosure for this sale can be found here. 0.65% of the stock is owned by company insiders.

Ingersoll-Rand PLC (IR) traded up 1.678% during mid-day trading on Friday, hitting $92.415. 677,533 shares of the stock were exchanged. The stock has a 50 day moving average price of $87.48 and a 200 day moving average price of $87.57. Ingersoll-Rand PLC has a 1-year low of $63.87 and a 1-year high of $94.39. The company has a market capitalization of $23.44 billion, a PE ratio of 22.943 and a beta of 1.33.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last issued its earnings results on Wednesday, July 26th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.64% and a net margin of 7.60%. The company had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same period last year, the business earned $1.38 EPS. Ingersoll-Rand PLC (Ireland)’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities analysts anticipate that Ingersoll-Rand PLC will post $4.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Thursday, December 7th. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is currently 44.78%.

A number of research analysts have weighed in on IR shares. Credit Suisse Group AG reaffirmed 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 started coverage on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, July 11th. They issued a “market perform” rating on the stock. Zacks Investment Research lowered shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. UBS AG set a $97.00 price target on shares of Ingersoll-Rand PLC (Ireland) and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $93.00 price target (up previously from $90.00) on shares of Ingersoll-Rand PLC (Ireland) in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Ingersoll-Rand PLC (Ireland) presently has a consensus rating of “Hold” and a consensus target price of $99.22.

ILLEGAL ACTIVITY NOTICE: “Ingersoll-Rand PLC (Ireland) (IR) Position Lifted by FTB Advisors Inc.” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/10/06/ingersoll-rand-plc-ireland-ir-position-lifted-by-ftb-advisors-inc.html.

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.

Want to see what other hedge funds are holding IR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingersoll-Rand PLC (Ireland) (NYSE:IR).

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

Receive News & Stock Ratings for Ingersoll-Rand PLC (Ireland) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingersoll-Rand PLC (Ireland) and related stocks with our FREE daily email newsletter.