Gamco Investors INC. ET AL continued to hold its stake in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,000 shares of the industrial products company’s stock at the end of the second quarter. Gamco Investors INC. ET AL’s holdings in Ingersoll-Rand PLC (Ireland) were worth $640,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Comerica Bank boosted its position in shares of Ingersoll-Rand PLC (Ireland) by 2.3% in the second quarter. Comerica Bank now owns 78,068 shares of the industrial products company’s stock worth $7,108,000 after buying an additional 1,788 shares during the period. Legal & General Group Plc boosted its position in shares of Ingersoll-Rand PLC (Ireland) by 7.5% in the second quarter. Legal & General Group Plc now owns 1,327,124 shares of the industrial products company’s stock valued at $121,286,000 after buying an additional 93,081 shares during the period. SG Americas Securities LLC boosted its position in shares of Ingersoll-Rand PLC (Ireland) by 10.0% in the second quarter. SG Americas Securities LLC now owns 37,193 shares of the industrial products company’s stock valued at $3,399,000 after buying an additional 3,376 shares during the period. LMR Partners LLP boosted its position in shares of Ingersoll-Rand PLC (Ireland) by 442.1% in the second quarter. LMR Partners LLP now owns 18,502 shares of the industrial products company’s stock valued at $1,691,000 after buying an additional 15,089 shares during the period. Finally, Dupont Capital Management Corp boosted its position in shares of Ingersoll-Rand PLC (Ireland) by 8.6% in the second quarter. Dupont Capital Management Corp now owns 216,416 shares of the industrial products company’s stock valued at $19,778,000 after buying an additional 17,099 shares during the period. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ingersoll-Rand PLC (NYSE IR) opened at 84.28 on Wednesday. The company has a 50-day moving average of $88.59 and a 200-day moving average of $86.04. Ingersoll-Rand PLC has a 1-year low of $62.40 and a 1-year high of $94.39. The firm has a market cap of $21.38 billion, a PE ratio of 20.92 and a beta of 1.31.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its earnings results on Wednesday, July 26th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. The company had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.78 billion. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.64% and a net margin of 7.60%. Ingersoll-Rand PLC (Ireland)’s revenue for the quarter 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. Analysts predict that Ingersoll-Rand PLC will post $4.54 earnings per share for the current fiscal year.

The firm 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. This is an increase from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, September 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.14%. Ingersoll-Rand PLC (Ireland)’s payout ratio is currently 39.80%.

ILLEGAL ACTIVITY WARNING: “Gamco Investors INC. ET AL Has $640,000 Position in Ingersoll-Rand PLC (Ireland) (IR)” was first reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://www.watchlistnews.com/gamco-investors-inc-et-al-has-640000-position-in-ingersoll-rand-plc-ireland-ir/1531062.html.

IR has been the subject of several research reports. Zacks Investment Research cut shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. BMO Capital Markets reiterated a “buy” rating and issued a $100.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, May 2nd. UBS AG set a $97.00 price target on shares of Ingersoll-Rand PLC (Ireland) and gave the stock a “buy” rating in a research report on Thursday, July 27th. Stifel Nicolaus reiterated a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, August 24th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $93.00 target price (up previously from $90.00) on shares of Ingersoll-Rand PLC (Ireland) in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $97.50.

In other Ingersoll-Rand PLC (Ireland) news, insider Paul A. Camuti sold 6,960 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $89.90, for a total value of $625,704.00. Following the completion of the sale, the insider now owns 64,979 shares of the company’s stock, valued at $5,841,612.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Didier P. Teirlinck sold 26,174 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $86.10, for a total value of $2,253,581.40. Following the completion of the sale, the executive vice president now directly owns 131,129 shares of the company’s stock, valued at approximately $11,290,206.90. The disclosure for this sale can be found here. Insiders have sold 35,634 shares of company stock worth $3,099,360 in the last quarter. 0.65% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding IR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingersoll-Rand PLC (Ireland) (NYSE:IR).

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

Receive News & Ratings for Ingersoll-Rand PLC (Ireland) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingersoll-Rand PLC (Ireland) and related companies with Analyst Ratings Network's FREE daily email newsletter.