Oppenheimer & Co. Inc. increased its position in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 11.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,509 shares of the industrial products company’s stock after purchasing an additional 3,093 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Ingersoll-Rand PLC (Ireland) were worth $2,720,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Norinchukin Bank The grew its stake in Ingersoll-Rand PLC (Ireland) by 6.3% in the third quarter. Norinchukin Bank The now owns 18,882 shares of the industrial products company’s stock worth $1,684,000 after purchasing an additional 1,115 shares in the last quarter. ING Groep NV grew its stake in Ingersoll-Rand PLC (Ireland) by 67.3% in the third quarter. ING Groep NV now owns 21,922 shares of the industrial products company’s stock worth $1,955,000 after purchasing an additional 8,817 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Ingersoll-Rand PLC (Ireland) by 3.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,662 shares of the industrial products company’s stock worth $6,301,000 after purchasing an additional 2,074 shares in the last quarter. Geneva Partners LLC bought a new position in Ingersoll-Rand PLC (Ireland) in the third quarter worth approximately $1,797,000. Finally, NEXT Financial Group Inc grew its stake in Ingersoll-Rand PLC (Ireland) by 283.3% in the third quarter. NEXT Financial Group Inc now owns 4,427 shares of the industrial products company’s stock worth $404,000 after purchasing an additional 3,272 shares in the last quarter. 81.65% of the stock is currently owned by institutional investors.

In other news, insider Marcia J. Avedon sold 10,460 shares of the stock in a transaction 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 sale, the insider now owns 111,637 shares in the company, valued at approximately $10,493,878. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Paul A. Camuti sold 14,097 shares of the stock in a transaction 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 sale, the senior vice president now owns 66,439 shares of the company’s stock, valued at approximately $6,311,705. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

Shares of Ingersoll-Rand PLC (IR) opened at $84.23 on Friday. Ingersoll-Rand PLC has a twelve month low of $74.02 and a twelve month high of $96.23. The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $21,046.38, a price-to-earnings ratio of 19.41, a PEG ratio of 2.03 and a beta of 1.37.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last issued its quarterly earnings data 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 return on equity of 16.65% and a net margin of 7.47%. The firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the prior year, the business posted $1.41 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. sell-side analysts expect that Ingersoll-Rand PLC will post 4.51 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.80 annualized dividend and a dividend yield of 2.14%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is presently 44.89%.

Several analysts have issued reports on IR shares. Zacks Investment Research cut Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Stifel Nicolaus dropped their target price on Ingersoll-Rand PLC (Ireland) from $103.00 to $98.00 and set a “buy” rating on the stock in a research report on Wednesday, September 13th. Bank of America Corporation cut Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 target price on the stock. in a research report on Tuesday, October 17th. Robert W. Baird set a $98.00 target price on Ingersoll-Rand PLC (Ireland) and gave the company a “hold” rating in a research report on Thursday, August 24th. Finally, ValuEngine cut Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $99.18.

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Ingersoll-Rand PLC (Ireland) 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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