Aureus Asset Management LLC lessened its holdings in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 98.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,300 shares of the industrial products company’s stock after selling 158,012 shares during the period. Aureus Asset Management LLC’s holdings in Ingersoll-Rand PLC (Ireland) were worth $205,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Salem Investment Counselors Inc. lifted its stake in shares of Ingersoll-Rand PLC (Ireland) by 0.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 21,737 shares of the industrial products company’s stock valued at $1,987,000 after purchasing an additional 62 shares during the last quarter. Calamos Advisors LLC lifted its position in Ingersoll-Rand PLC (Ireland) by 1.5% during the 2nd quarter. Calamos Advisors LLC now owns 4,685 shares of the industrial products company’s stock worth $428,000 after acquiring an additional 70 shares during the last quarter. MML Investors Services LLC lifted its position in Ingersoll-Rand PLC (Ireland) by 1.5% during the 2nd quarter. MML Investors Services LLC now owns 5,365 shares of the industrial products company’s stock worth $490,000 after acquiring an additional 79 shares during the last quarter. Conning Inc. lifted its position in Ingersoll-Rand PLC (Ireland) by 1.5% during the 2nd quarter. Conning Inc. now owns 6,211 shares of the industrial products company’s stock worth $568,000 after acquiring an additional 89 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in Ingersoll-Rand PLC (Ireland) by 5.0% during the 2nd quarter. Parallel Advisors LLC now owns 2,103 shares of the industrial products company’s stock worth $185,000 after acquiring an additional 100 shares during the last quarter. 82.87% of the stock is owned by institutional investors and hedge funds.

IR has been the subject of a number of research analyst reports. Robert W. Baird set a $98.00 target price on shares of Ingersoll-Rand PLC (Ireland) and gave the stock a “hold” rating in a research report on Thursday, August 24th. Stifel Nicolaus reissued a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, August 24th. Royal Bank Of Canada cut their target price on shares of Ingersoll-Rand PLC (Ireland) from $93.00 to $91.00 and set a “sector perform” rating for the company in a research report on Thursday, October 26th. Citigroup boosted their target price on shares of Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Finally, Zacks Investment Research raised shares of Ingersoll-Rand PLC (Ireland) from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $99.18.

Shares of Ingersoll-Rand PLC (NYSE:IR) traded down $0.54 on Wednesday, hitting $84.58. 2,005,600 shares of the stock were exchanged, compared to its average volume of 1,727,797. The firm has a market capitalization of $21,268.76, a price-to-earnings ratio of 19.61, a P/E/G ratio of 2.05 and a beta of 1.35. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 0.89. Ingersoll-Rand PLC has a 1-year low of $74.35 and a 1-year high of $96.23.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.44 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.01. The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.71 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 7.47% and a return on equity of 16.65%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.41 earnings per share. equities research analysts predict that Ingersoll-Rand PLC will post 4.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Thursday, December 7th. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is currently 44.89%.

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

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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.

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

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