California State Teachers Retirement System decreased its holdings in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 7.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 443,260 shares of the industrial products company’s stock after selling 37,722 shares during the period. California State Teachers Retirement System owned about 0.18% of Ingersoll-Rand PLC (Ireland) worth $39,525,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the business. Advisory Services Network LLC lifted its position in shares of 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 worth $119,000 after purchasing an additional 213 shares during the last quarter. Acrospire Investment Management LLC lifted its position in shares of 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 worth $128,000 after purchasing an additional 1,000 shares during the last quarter. Harfst & Associates Inc. lifted its position in shares of 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 worth $144,000 after purchasing an additional 482 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Ingersoll-Rand PLC (Ireland) by 185.5% during the 3rd quarter. Bessemer Group Inc. now owns 1,967 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 1,278 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of 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 purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 82.87% of the company’s stock.

Shares of Ingersoll-Rand PLC (IR) opened at $86.75 on Friday. Ingersoll-Rand PLC has a 1 year low of $74.35 and a 1 year high of $96.23. The firm has a market cap of $21,496.13, a price-to-earnings ratio of 19.82, a P/E/G ratio of 2.08 and a beta of 1.35. The company has a quick ratio of 0.89, a current ratio of 1.24 and a debt-to-equity ratio of 0.43.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $3.71 billion. During the same period in the previous year, the company earned $1.41 earnings per share. Ingersoll-Rand PLC (Ireland)’s quarterly revenue was up 2.9% compared to the same quarter last year. equities analysts predict that Ingersoll-Rand PLC will post 4.51 EPS for the current 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 given a $0.45 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.80 dividend on an annualized basis and a yield of 2.07%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is presently 44.89%.

Several equities research analysts have recently issued reports on the stock. ValuEngine cut shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. 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. Jefferies Group reaffirmed a “buy” rating and set a $105.00 price objective on shares of Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, September 12th. Robert W. Baird set a $98.00 price objective on shares of Ingersoll-Rand PLC (Ireland) and gave the stock a “hold” rating in a research report on Thursday, August 24th. Finally, Bank of America cut shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 price objective for the company. in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $99.18.

In other Ingersoll-Rand PLC (Ireland) news, insider Marcia J. Avedon sold 10,460 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $94.00, for a total value of $983,240.00. Following the transaction, the insider now directly owns 111,637 shares in the company, valued at $10,493,878. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Paul A. Camuti sold 14,097 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction on 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 completion of 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 owned by insiders.

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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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