Dimensional Fund Advisors LP lowered its position in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,182,747 shares of the industrial products company’s stock after selling 58,214 shares during the period. Dimensional Fund Advisors LP owned about 0.87% of Ingersoll-Rand PLC (Ireland) worth $194,613,000 as of its most recent SEC filing.

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

Ingersoll-Rand PLC (IR) traded up $0.21 during mid-day trading on Tuesday, reaching $87.82. 2,348,700 shares of the company traded hands, compared to its average volume of 1,734,189. The firm has a market capitalization of $21,890.93, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 2.11 and a beta of 1.35. The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.43. 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 posted its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.01. Ingersoll-Rand PLC (Ireland) had a net margin of 7.47% and a return on equity of 16.65%. The firm had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the previous year, the firm posted $1.41 earnings per share. The business’s revenue was up 2.9% compared to the same quarter last year. equities analysts anticipate that Ingersoll-Rand PLC will post 4.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, December 7th. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is currently 44.89%.

IR has been the topic of several research analyst reports. Stifel Nicolaus reissued a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a report on Thursday, August 24th. 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 report on Thursday, August 24th. ValuEngine raised shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Jefferies Group reaffirmed a “buy” rating and set a $105.00 target price on shares of Ingersoll-Rand PLC (Ireland) in a report on Tuesday, September 12th. Finally, J P Morgan Chase & Co cut shares of Ingersoll-Rand PLC (Ireland) from an “overweight” rating to a “neutral” rating in a report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. Ingersoll-Rand PLC (Ireland) presently has an average rating of “Hold” and a consensus target price of $99.18.

In related news, SVP Paul A. Camuti sold 14,097 shares of the business’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 in the company, valued at $6,311,705. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Marcia J. Avedon sold 10,460 shares of the business’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $94.00, for a total transaction of $983,240.00. Following the transaction, the insider now owns 111,637 shares in the company, valued at $10,493,878. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

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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.

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

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