Engineers Gate Manager LP lessened its position in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 68.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,606 shares of the industrial products company’s stock after selling 18,565 shares during the quarter. Engineers Gate Manager LP’s holdings in Ingersoll-Rand PLC (Ireland) were worth $767,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in shares of Ingersoll-Rand PLC (Ireland) in the 3rd quarter worth about $3,576,000. Amalgamated Bank lifted its holdings in shares of Ingersoll-Rand PLC (Ireland) by 56.9% in the 2nd quarter. Amalgamated Bank now owns 29,501 shares of the industrial products company’s stock worth $2,696,000 after acquiring an additional 10,702 shares during the last quarter. Aviva PLC lifted its holdings in shares of Ingersoll-Rand PLC (Ireland) by 1.1% in the 2nd quarter. Aviva PLC now owns 163,875 shares of the industrial products company’s stock worth $14,982,000 after acquiring an additional 1,850 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of Ingersoll-Rand PLC (Ireland) in the 2nd quarter worth about $2,321,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Ingersoll-Rand PLC (Ireland) by 0.5% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 585,096 shares of the industrial products company’s stock worth $53,472,000 after acquiring an additional 2,899 shares during the last quarter. Hedge funds and other institutional investors own 82.87% of the company’s stock.

Ingersoll-Rand PLC (NYSE IR) traded down $1.10 during trading hours on Friday, hitting $86.03. 1,192,700 shares of the stock traded hands, compared to its average volume of 1,732,454. Ingersoll-Rand PLC has a twelve month low of $74.35 and a twelve month high of $96.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.89 and a current ratio of 1.24. The company has a market cap of $21,770.99, a price-to-earnings ratio of 20.08, a P/E/G ratio of 2.10 and a beta of 1.35.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.44 EPS 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 business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the previous year, the business posted $1.41 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. sell-side analysts expect that Ingersoll-Rand PLC will post 4.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be issued a $0.45 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.80 annualized dividend and a dividend yield of 2.09%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is currently 44.89%.

In other news, SVP Paul A. Camuti sold 14,097 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $95.00, for a total value of $1,339,215.00. Following the transaction, the senior vice president now owns 66,439 shares of the company’s stock, valued at approximately $6,311,705. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Marcia J. Avedon sold 10,460 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $94.00, for a total transaction of $983,240.00. Following the completion of the transaction, the insider now directly owns 111,637 shares in the company, valued at approximately $10,493,878. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

A number of equities research analysts recently weighed in on IR shares. Stifel Nicolaus decreased their price objective on shares of Ingersoll-Rand PLC (Ireland) from $103.00 to $98.00 and set a “buy” rating for the company in a report on Wednesday, September 13th. Bank of America lowered 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 report on Tuesday, October 17th. Robert W. Baird set a $98.00 price objective on shares of Ingersoll-Rand PLC (Ireland) and gave the company a “hold” rating in a report on Thursday, August 24th. Zacks Investment Research upgraded shares of Ingersoll-Rand PLC (Ireland) from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Finally, ValuEngine lowered shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $99.18.

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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.

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

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