Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 51.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,495 shares of the industrial products company’s stock after purchasing an additional 25,080 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Ingersoll-Rand PLC (Ireland) were worth $6,716,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Acrospire Investment Management LLC increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 250.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the industrial products company’s stock valued at $128,000 after buying an additional 1,000 shares during the period. Israel Discount Bank of New York bought a new position in Ingersoll-Rand PLC (Ireland) during the first quarter worth about $126,000. Harfst & Associates Inc. lifted its holdings 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 worth $144,000 after acquiring an additional 482 shares in the last quarter. Zions Bancorporation lifted its holdings in Ingersoll-Rand PLC (Ireland) by 1.1% during the first quarter. Zions Bancorporation now owns 2,001 shares of the industrial products company’s stock worth $163,000 after acquiring an additional 22 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Ingersoll-Rand PLC (Ireland) by 9.6% during the first quarter. Parallel Advisors LLC now owns 2,003 shares of the industrial products company’s stock worth $178,000 after acquiring an additional 176 shares in the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

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Ingersoll-Rand PLC (IR) opened at 91.38 on Wednesday. The company has a 50-day moving average of $88.04 and a 200 day moving average of $87.94. Ingersoll-Rand PLC has a 12 month low of $63.87 and a 12 month high of $94.39. The company has a market cap of $23.18 billion, a PE ratio of 22.69 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 the consensus estimate of $1.46 by $0.03. The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.78 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 7.60% and a return on equity of 16.64%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.38 earnings per share. On average, equities analysts forecast 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, December 29th. Shareholders of record on Friday, December 8th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.97%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is currently 44.78%.

IR has been the topic of several recent analyst reports. Credit Suisse Group reiterated a “buy” rating and set a $105.00 target price on shares of Ingersoll-Rand PLC (Ireland) in a report on Tuesday, July 11th. Wolfe Research started coverage on Ingersoll-Rand PLC (Ireland) in a report on Tuesday, July 11th. They issued a “market perform” rating on the stock. J P Morgan Chase & Co downgraded Ingersoll-Rand PLC (Ireland) from an “overweight” rating to a “neutral” rating in a research report on Wednesday, September 20th. Zacks Investment Research downgraded Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $103.00 target price (up previously from $98.00) on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. Ingersoll-Rand PLC (Ireland) currently has a consensus rating of “Hold” and an average target price of $99.60.

In other news, Director Richard J. Swift sold 2,500 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $88.03, for a total value of $220,075.00. Following the completion of the sale, the director now directly owns 65,932 shares of the company’s stock, valued at $5,803,993.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Didier P. Teirlinck sold 26,174 shares of the stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 131,129 shares of the company’s stock, valued at $11,290,206.90. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by corporate insiders.

About Ingersoll-Rand PLC (Ireland)

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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