Ingersoll-Rand PLC (Ireland) (IR) Shares Sold by State Street Corp

State Street Corp decreased its stake in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,943,575 shares of the industrial products company’s stock after selling 326,927 shares during the period. State Street Corp owned about 4.71% of Ingersoll-Rand PLC (Ireland) worth $1,091,852,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Sustainable Insight Capital Management LLC increased its holdings in shares of Ingersoll-Rand PLC (Ireland) by 16.9% in the 2nd quarter. Sustainable Insight Capital Management LLC now owns 63,700 shares of the industrial products company’s stock worth $5,822,000 after buying an additional 9,200 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its holdings in shares of Ingersoll-Rand PLC (Ireland) by 51.8% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 73,495 shares of the industrial products company’s stock worth $6,716,000 after buying an additional 25,080 shares during the last quarter. FTB Advisors Inc. increased its holdings in shares of Ingersoll-Rand PLC (Ireland) by 34.3% in the 2nd quarter. FTB Advisors Inc. now owns 7,047 shares of the industrial products company’s stock worth $644,000 after buying an additional 1,800 shares during the last quarter. Colonial Trust Advisors increased its holdings in shares of Ingersoll-Rand PLC (Ireland) by 57.1% in the 2nd quarter. Colonial Trust Advisors now owns 41,632 shares of the industrial products company’s stock worth $3,805,000 after buying an additional 15,129 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Ingersoll-Rand PLC (Ireland) by 2,075.3% in the 2nd quarter. Janus Henderson Group PLC now owns 716,452 shares of the industrial products company’s stock worth $65,477,000 after buying an additional 683,516 shares during the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

In other Ingersoll-Rand PLC (Ireland) news, Director Richard J. Swift sold 2,500 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction on Monday, August 7th. The shares were sold at an average price of $88.03, for a total transaction of $220,075.00. Following the completion of the transaction, the director now directly owns 65,932 shares of the company’s stock, valued at $5,803,993.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Didier P. Teirlinck sold 26,174 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $86.10, for a total transaction of $2,253,581.40. Following the transaction, the executive vice president now directly owns 131,129 shares of the company’s stock, valued at $11,290,206.90. The disclosure for this sale can be found here. 0.65% of the stock is owned by insiders.

Shares of Ingersoll-Rand PLC (IR) traded up 1.28% during midday trading on Friday, reaching $92.05. 2,153,899 shares of the company’s stock traded hands. Ingersoll-Rand PLC has a one year low of $63.87 and a one year high of $94.39. The company has a 50-day moving average of $87.67 and a 200-day moving average of $87.64. The company has a market capitalization of $23.35 billion, a price-to-earnings ratio of 22.85 and a beta of 1.33.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.46 by $0.03. The company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.78 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 7.60% and a return on equity of 16.64%. Ingersoll-Rand PLC (Ireland)’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.38 earnings per share. Equities research analysts anticipate that Ingersoll-Rand PLC will post $4.54 EPS for the current 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. This represents a $1.80 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, December 7th. Ingersoll-Rand PLC (Ireland)’s payout ratio is 44.78%.

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A number of equities analysts have recently commented on IR shares. Stifel Nicolaus reissued a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a report on Thursday, August 24th. Zacks Investment Research raised shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research note on Friday, July 28th. Credit Suisse Group reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, July 11th. UBS AG set a $97.00 price objective on shares of Ingersoll-Rand PLC (Ireland) and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, ValuEngine raised shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $99.22.

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.

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

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