Cookson Peirce & Co. Inc. boosted its stake in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,375 shares of the industrial products company’s stock after purchasing an additional 140 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Ingersoll-Rand PLC (Ireland) were worth $674,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC raised its stake in Ingersoll-Rand PLC (Ireland) by 19.5% during the 2nd quarter. Advisory Services Network LLC now owns 1,304 shares of the industrial products company’s stock valued at $119,000 after purchasing an additional 213 shares during the last quarter. Acrospire Investment Management LLC raised its stake in Ingersoll-Rand PLC (Ireland) by 250.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the industrial products company’s stock valued at $128,000 after purchasing an additional 1,000 shares during the last quarter. Harfst & Associates Inc. raised its stake in Ingersoll-Rand PLC (Ireland) by 43.9% during the 2nd 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 last quarter. Zions Bancorporation raised its stake in Ingersoll-Rand PLC (Ireland) by 1.1% during the 1st quarter. Zions Bancorporation now owns 2,001 shares of the industrial products company’s stock valued at $163,000 after purchasing an additional 22 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in Ingersoll-Rand PLC (Ireland) by 9.6% during the 1st quarter. Parallel Advisors LLC now owns 2,003 shares of the industrial products company’s stock valued at $178,000 after purchasing an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 80.34% of the company’s stock.

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Ingersoll-Rand PLC (NYSE IR) traded down 0.049% during midday trading on Monday, hitting $91.275. 239,080 shares of the stock traded hands. Ingersoll-Rand PLC has a 12-month low of $63.87 and a 12-month high of $94.39. The firm’s 50 day moving average is $88.73 and its 200-day moving average is $88.20. The stock has a market capitalization of $23.15 billion, a PE ratio of 22.660 and a beta of 1.33.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Thursday, December 7th. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is presently 44.78%.

Several research firms recently commented on IR. Citigroup Inc. upped their target price on shares of Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, October 9th. ValuEngine cut shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of Ingersoll-Rand PLC (Ireland) from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. Morgan Stanley upped their target price on shares of Ingersoll-Rand PLC (Ireland) from $94.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, September 25th. Finally, J P Morgan Chase & Co lowered shares of Ingersoll-Rand PLC (Ireland) from an “overweight” rating to a “neutral” rating in a report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. Ingersoll-Rand PLC (Ireland) currently has a consensus rating of “Hold” and a consensus target price of $99.60.

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

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.

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

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