Ingersoll-Rand PLC (Ireland) (IR) Stake Reduced by Rational Advisors LLC

Rational Advisors LLC decreased its stake in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 2.5% during the second quarter, Holdings Channel reports. The institutional investor owned 14,028 shares of the industrial products company’s stock after selling 360 shares during the period. Rational Advisors LLC’s holdings in Ingersoll-Rand PLC (Ireland) were worth $1,282,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in IR. BlackRock Inc. raised its position in shares of Ingersoll-Rand PLC (Ireland) by 1,560.6% in the first quarter. BlackRock Inc. now owns 17,554,733 shares of the industrial products company’s stock valued at $1,427,553,000 after buying an additional 16,497,616 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Ingersoll-Rand PLC (Ireland) by 1.8% in the first quarter. Vanguard Group Inc. now owns 16,481,935 shares of the industrial products company’s stock valued at $1,340,311,000 after buying an additional 288,826 shares during the last quarter. American Century Companies Inc. raised its position in shares of Ingersoll-Rand PLC (Ireland) by 5.3% in the first quarter. American Century Companies Inc. now owns 6,270,065 shares of the industrial products company’s stock valued at $509,882,000 after buying an additional 315,572 shares during the last quarter. Boston Partners raised its position in shares of Ingersoll-Rand PLC (Ireland) by 4.8% in the first quarter. Boston Partners now owns 4,849,941 shares of the industrial products company’s stock valued at $394,397,000 after buying an additional 222,362 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Ingersoll-Rand PLC (Ireland) by 0.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,812,712 shares of the industrial products company’s stock valued at $391,370,000 after buying an additional 41,198 shares during the last quarter. 83.11% of the stock is owned by institutional investors and hedge funds.

Ingersoll-Rand PLC (NYSE:IR) opened at 85.09 on Friday. The company has a market cap of $21.58 billion, a price-to-earnings ratio of 21.12 and a beta of 1.31. Ingersoll-Rand PLC has a 12-month low of $62.40 and a 12-month high of $94.39. The stock has a 50 day moving average price of $90.21 and a 200-day moving average price of $85.61.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.03. The company had revenue of $3.91 billion for 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%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.38 EPS. On average, analysts predict 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, September 29th. Investors of record on Friday, September 8th will be paid a $0.45 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.80 annualized dividend and a dividend yield of 2.12%. This is an increase from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is presently 39.80%.

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Several brokerages have issued reports on IR. Stifel Nicolaus increased their price target on Ingersoll-Rand PLC (Ireland) from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, April 27th. Zacks Investment Research upgraded Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a report on Thursday, May 18th. Credit Suisse Group reiterated a “buy” rating and issued a $105.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a report on Tuesday, July 11th. Royal Bank Of Canada increased their price target on Ingersoll-Rand PLC (Ireland) from $83.00 to $85.00 and gave the stock a “sector perform” rating in a report on Thursday, April 27th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $100.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a report on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $97.43.

In related news, EVP Robert Zafari sold 1,483 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $89.59, for a total value of $132,861.97. Following the sale, the executive vice president now owns 66,944 shares in the company, valued at approximately $5,997,512.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard J. Swift sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $88.03, for a total value of $220,075.00. Following the completion of the sale, the director now owns 65,932 shares in the company, valued at approximately $5,803,993.96. The disclosure for this sale can be found here. Insiders sold a total of 14,443 shares of company stock worth $1,292,381 in the last 90 days. 0.65% of the stock is currently owned by company insiders.

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.

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

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