KBC Group NV boosted its position in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 27.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 217,416 shares of the industrial products company’s stock after acquiring an additional 46,509 shares during the period. KBC Group NV owned 0.09% of Ingersoll-Rand PLC (Ireland) worth $19,387,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in IR. Russell Investments Group Ltd. raised its position in shares of Ingersoll-Rand PLC (Ireland) by 10.9% during the second quarter. Russell Investments Group Ltd. now owns 139,187 shares of the industrial products company’s stock valued at $12,729,000 after buying an additional 13,634 shares during the last quarter. Boston Advisors LLC acquired a new position in shares of Ingersoll-Rand PLC (Ireland) during the second quarter valued at about $209,000. Harbour Capital Advisors LLC raised its position in shares of Ingersoll-Rand PLC (Ireland) by 33,230.6% during the second quarter. Harbour Capital Advisors LLC now owns 56,662 shares of the industrial products company’s stock valued at $620,000 after buying an additional 56,492 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Ingersoll-Rand PLC (Ireland) by 1.8% during the second quarter. CIBC Asset Management Inc now owns 16,108 shares of the industrial products company’s stock valued at $1,472,000 after buying an additional 286 shares during the last quarter. Finally, CAPROCK Group Inc. acquired a new position in shares of Ingersoll-Rand PLC (Ireland) during the second quarter valued at about $258,000. 82.87% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Marcia J. Avedon sold 10,460 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $94.00, for a total transaction of $983,240.00. Following the transaction, the insider now directly owns 111,637 shares in the company, valued at $10,493,878. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Paul A. Camuti sold 14,097 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $95.00, for a total transaction of $1,339,215.00. Following the transaction, the senior vice president now owns 66,439 shares in the company, valued at $6,311,705. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by corporate insiders.

A number of analysts recently weighed in on IR shares. Citigroup 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. Stifel Nicolaus lowered their target price on shares of Ingersoll-Rand PLC (Ireland) from $103.00 to $101.00 and set a “buy” rating on the stock in a research note on Thursday, October 26th. Royal Bank Of Canada lowered their target price on shares of Ingersoll-Rand PLC (Ireland) from $93.00 to $91.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 26th. Bank of America cut shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 target price on the stock. in a research note on Tuesday, October 17th. Finally, Morgan Stanley cut shares of Ingersoll-Rand PLC (Ireland) from an “overweight” rating to an “equal weight” rating and set a $98.00 target price on the stock. in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $99.18.

Shares of Ingersoll-Rand PLC (NYSE IR) opened at $86.21 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.89 and a current ratio of 1.24. The firm has a market cap of $21,893.43, a PE ratio of 20.19, a price-to-earnings-growth ratio of 2.11 and a beta of 1.35. Ingersoll-Rand PLC has a 52 week low of $74.02 and a 52 week high of $96.23.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last issued its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.01. The firm had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.71 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 7.47% and a return on equity of 16.65%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.41 earnings per share. sell-side analysts predict that Ingersoll-Rand PLC will post 4.51 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.80 annualized dividend and a yield of 2.09%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is 44.89%.

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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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