Salem Investment Counselors Inc. increased its position in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 0.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,737 shares of the industrial products company’s stock after purchasing an additional 62 shares during the period. Salem Investment Counselors Inc.’s holdings in Ingersoll-Rand PLC (Ireland) were worth $1,987,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Aviva PLC grew its position in Ingersoll-Rand PLC (Ireland) by 1.1% in the second quarter. Aviva PLC now owns 163,875 shares of the industrial products company’s stock worth $14,982,000 after buying an additional 1,850 shares during the last quarter. United Capital Financial Advisers LLC grew its position in Ingersoll-Rand PLC (Ireland) by 2.4% in the first quarter. United Capital Financial Advisers LLC now owns 8,756 shares of the industrial products company’s stock worth $712,000 after buying an additional 207 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in Ingersoll-Rand PLC (Ireland) in the second quarter worth approximately $2,321,000. Nisa Investment Advisors LLC grew its position in Ingersoll-Rand PLC (Ireland) by 15.1% in the second quarter. Nisa Investment Advisors LLC now owns 43,190 shares of the industrial products company’s stock worth $3,934,000 after buying an additional 5,650 shares during the last quarter. Finally, Amalgamated Bank grew its position in Ingersoll-Rand PLC (Ireland) by 56.9% in the second quarter. Amalgamated Bank now owns 29,501 shares of the industrial products company’s stock worth $2,696,000 after buying an additional 10,702 shares during the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll-Rand PLC (NYSE:IR) traded up 1.12% during trading on Friday, reaching $89.17. 1,764,433 shares of the company’s stock traded hands. Ingersoll-Rand PLC has a 12 month low of $63.87 and a 12 month high of $94.39. The firm’s 50 day moving average is $86.58 and its 200 day moving average is $86.84. The company has a market cap of $22.62 billion, a P/E ratio of 22.14 and a beta of 1.30.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its earnings results on Wednesday, July 26th. The industrial products company reported $1.49 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the business posted $1.38 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts anticipate that Ingersoll-Rand PLC will post $4.54 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were given 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 was Thursday, September 7th. This represents a $1.80 annualized dividend and a dividend yield of 2.02%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is currently 44.78%.

In other news, Director Richard J. Swift sold 2,500 shares of the 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 sale, the director now owns 65,932 shares of the company’s stock, valued at $5,803,993.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Didier P. Teirlinck sold 26,174 shares of the 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 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. 0.65% of the stock is owned by corporate insiders.

IR has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research report on Friday, July 28th. 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. Credit Suisse Group restated a “buy” rating and issued a $105.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, July 11th. Stifel Nicolaus restated a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, August 24th. Finally, ValuEngine upgraded shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $99.22.

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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.

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

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