FineMark National Bank & Trust lessened its holdings in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,513 shares of the industrial products company’s stock after selling 726 shares during the period. FineMark National Bank & Trust’s holdings in Ingersoll-Rand PLC (Ireland) were worth $6,020,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of IR. Advisory Services Network LLC raised its stake in Ingersoll-Rand PLC (Ireland) by 19.5% in the 2nd quarter. Advisory Services Network LLC now owns 1,304 shares of the industrial products company’s stock worth $119,000 after acquiring an additional 213 shares during the last quarter. Acrospire Investment Management LLC raised its stake in Ingersoll-Rand PLC (Ireland) by 250.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the industrial products company’s stock worth $128,000 after acquiring an additional 1,000 shares during the last quarter. Harfst & Associates Inc. raised its stake in Ingersoll-Rand PLC (Ireland) by 43.9% in the 2nd quarter. Harfst & Associates Inc. now owns 1,580 shares of the industrial products company’s stock worth $144,000 after acquiring an additional 482 shares during the last quarter. Zions Bancorporation raised its stake in Ingersoll-Rand PLC (Ireland) by 1.1% in the 1st quarter. Zions Bancorporation now owns 2,001 shares of the industrial products company’s stock worth $163,000 after acquiring an additional 22 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in Ingersoll-Rand PLC (Ireland) by 5.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,103 shares of the industrial products company’s stock worth $185,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 80.71% of the company’s stock.

A number of brokerages recently issued reports on IR. UBS AG set a $97.00 target price on Ingersoll-Rand PLC (Ireland) and gave the stock a “buy” rating in a research note on Thursday, July 27th. Zacks Investment Research lowered Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Stifel Nicolaus restated a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a research note on Thursday, August 24th. Royal Bank Of Canada reduced their target price on Ingersoll-Rand PLC (Ireland) from $93.00 to $91.00 and set a “sector perform” rating for the company in a research note on Thursday, October 26th. Finally, BidaskClub lowered Ingersoll-Rand PLC (Ireland) from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $99.18.

In other news, Director Richard J. Swift sold 2,500 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were 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 directly owns 65,932 shares of the company’s stock, valued at $5,803,993.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Paul A. Camuti sold 14,097 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now directly owns 66,439 shares of the company’s stock, valued at $6,311,705. The disclosure for this sale can be found here. Insiders sold 53,231 shares of company stock valued at $4,796,111 over the last ninety days. Corporate insiders own 0.65% of the company’s stock.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its earnings results on Wednesday, October 25th. The industrial products company reported $1.44 EPS 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 business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same period in the prior year, the company earned $1.41 earnings per share. The business’s revenue was up 2.9% compared to the same quarter last year.

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.03%. Ingersoll-Rand PLC (Ireland)’s payout ratio is 44.89%.

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Ingersoll-Rand PLC (Ireland) Company 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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