Boston Partners decreased its position in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 46.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,607,145 shares of the industrial products company’s stock after selling 2,242,796 shares during the period. Boston Partners’ holdings in Ingersoll-Rand PLC (Ireland) were worth $238,267,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of IR. BlackRock Inc. boosted 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 worth $1,427,553,000 after buying an additional 16,497,616 shares during the period. Vanguard Group Inc. boosted its stake in 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. boosted its stake in 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. Massachusetts Financial Services Co. MA boosted its stake in 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. Finally, JPMorgan Chase & Co. boosted its stake in Ingersoll-Rand PLC (Ireland) by 55.7% in the first quarter. JPMorgan Chase & Co. now owns 4,223,442 shares of the industrial products company’s stock valued at $343,449,000 after buying an additional 1,511,211 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 84.98 on Friday. Ingersoll-Rand PLC has a one year low of $62.40 and a one year high of $94.39. The firm has a market cap of $21.56 billion, a price-to-earnings ratio of 21.10 and a beta of 1.31. The firm has a 50 day moving average of $90.37 and a 200-day moving average of $85.57.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last released its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.03. Ingersoll-Rand PLC (Ireland) had a net margin of 7.60% and a return on equity of 16.64%. The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the business earned $1.38 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. Equities research analysts forecast that Ingersoll-Rand PLC will post $4.54 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.12%. This is a positive change from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. Ingersoll-Rand PLC (Ireland)’s payout ratio is currently 39.80%.

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IR has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research note on Friday, June 16th. Credit Suisse Group reaffirmed a “buy” rating and issued a $105.00 target price on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, July 11th. BidaskClub cut shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. BMO Capital Markets reaffirmed a “buy” rating and issued a $87.00 target price on shares of Ingersoll-Rand PLC (Ireland) in a research note on Thursday, April 20th. Finally, Wolfe Research initiated coverage on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, July 11th. They issued a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. Ingersoll-Rand PLC (Ireland) has an average rating of “Hold” and a consensus target price of $97.43.

In other Ingersoll-Rand PLC (Ireland) news, EVP Robert Zafari sold 1,483 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $89.59, for a total value of $132,861.97. Following the transaction, 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 SEC, which can be accessed 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 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 owns 65,932 shares in the company, valued at approximately $5,803,993.96. The disclosure for this sale can be found here. Insiders have sold 14,443 shares of company stock worth $1,292,381 in the last 90 days. 0.65% of the stock is 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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