Royal Bank of Canada boosted its position in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 8.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,283,761 shares of the industrial products company’s stock after purchasing an additional 96,838 shares during the period. Royal Bank of Canada owned 0.51% of Ingersoll-Rand PLC (Ireland) worth $117,322,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Israel Discount Bank of New York acquired a new position in shares of Ingersoll-Rand PLC (Ireland) in the 1st quarter valued at about $126,000. Acrospire Investment Management LLC boosted its holdings in shares of Ingersoll-Rand PLC (Ireland) by 250.0% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the industrial products company’s stock worth $128,000 after purchasing an additional 1,000 shares during the period. Harfst & Associates Inc. boosted its holdings in shares of Ingersoll-Rand PLC (Ireland) by 43.9% during the second quarter. Harfst & Associates Inc. now owns 1,580 shares of the industrial products company’s stock worth $144,000 after purchasing an additional 482 shares during the period. Zions Bancorporation boosted its holdings in shares of Ingersoll-Rand PLC (Ireland) by 1.1% during the first quarter. Zions Bancorporation now owns 2,001 shares of the industrial products company’s stock worth $163,000 after purchasing an additional 22 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of Ingersoll-Rand PLC (Ireland) by 9.6% during the first quarter. Parallel Advisors LLC now owns 2,003 shares of the industrial products company’s stock worth $178,000 after purchasing an additional 176 shares during the period. Hedge funds and other institutional investors own 80.56% of the company’s stock.

A number of research analysts recently commented on IR shares. ValuEngine downgraded shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research report on Monday. Zacks Investment Research upgraded shares of Ingersoll-Rand PLC (Ireland) from a “sell” rating to a “hold” rating in a research report on Monday. Morgan Stanley increased their target price on shares of Ingersoll-Rand PLC (Ireland) from $94.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, September 25th. J P Morgan Chase & Co lowered shares of Ingersoll-Rand PLC (Ireland) from an “overweight” rating to a “neutral” rating in a research note on Wednesday, September 20th. Finally, Stifel Nicolaus decreased their target price on shares of Ingersoll-Rand PLC (Ireland) from $103.00 to $98.00 and set a “buy” rating for the company in a research note on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Ingersoll-Rand PLC (Ireland) presently has an average rating of “Hold” and an average price target of $99.22.

TRADEMARK VIOLATION WARNING: This report was first published by Watch List News and is owned by of Watch List News. If you are reading this report on another website, it was illegally stolen and reposted in violation of United States and international trademark and copyright laws. The legal version of this report can be read at https://www.watchlistnews.com/ingersoll-rand-plc-ireland-ir-shares-bought-by-royal-bank-of-canada/1605547.html.

In other news, Director Richard J. Swift sold 2,500 shares of the stock in a transaction dated 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 transaction, the director now directly owns 65,932 shares in the company, valued at approximately $5,803,993.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Didier P. Teirlinck sold 26,174 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 131,129 shares of the company’s stock, valued at $11,290,206.90. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by company insiders.

Ingersoll-Rand PLC (NYSE:IR) traded down 0.13% during trading on Tuesday, reaching $89.84. 309,957 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $87.12 and a 200-day moving average price of $87.45. Ingersoll-Rand PLC has a 12 month low of $63.87 and a 12 month high of $94.39. The firm has a market cap of $22.79 billion, a PE ratio of 22.30 and a beta of 1.33.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.49 EPS for the quarter, topping the Zacks’ 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 business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the firm posted $1.38 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts forecast that Ingersoll-Rand PLC will post $4.54 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.00%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is currently 44.78%.

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)

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.