Murphy Pohlad Asset Management LLC maintained its stake in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) during the second quarter, Holdings Channel reports. The fund owned 3,300 shares of the industrial products company’s stock at the end of the second quarter. Murphy Pohlad Asset Management LLC’s holdings in Ingersoll-Rand PLC (Ireland) were worth $301,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Ingersoll-Rand PLC (Ireland) by 1,560.6% in the first quarter. BlackRock Inc. now owns 17,554,733 shares of the industrial products company’s stock valued at $1,427,553,000 after buying an additional 16,497,616 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Ingersoll-Rand PLC (Ireland) by 1.8% in the first quarter. Vanguard Group Inc. now owns 16,481,935 shares of the industrial products company’s stock valued at $1,340,311,000 after buying an additional 288,826 shares during the last quarter. American Century Companies Inc. raised its position in shares of Ingersoll-Rand PLC (Ireland) by 5.3% in the first quarter. American Century Companies Inc. now owns 6,270,065 shares of the industrial products company’s stock valued at $509,882,000 after buying an additional 315,572 shares during the last quarter. Boston Partners raised its position in shares of Ingersoll-Rand PLC (Ireland) by 4.8% in the first quarter. Boston Partners now owns 4,849,941 shares of the industrial products company’s stock valued at $394,397,000 after buying an additional 222,362 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Ingersoll-Rand PLC (Ireland) by 0.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,812,712 shares of the industrial products company’s stock valued at $391,370,000 after buying an additional 41,198 shares during the last quarter. Hedge funds and other institutional investors own 80.57% of the company’s stock.

Ingersoll-Rand PLC (NYSE:IR) opened at 86.20 on Wednesday. The company’s 50-day moving average is $89.93 and its 200-day moving average is $85.78. Ingersoll-Rand PLC has a 52-week low of $62.40 and a 52-week high of $94.39. The company has a market capitalization of $21.87 billion, a price-to-earnings ratio of 21.40 and a beta of 1.31.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last released its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.03. The business had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.78 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 7.60% and a return on equity of 16.64%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.38 earnings per share. On average, analysts expect that Ingersoll-Rand PLC will post $4.54 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, September 7th. This is an increase from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.09%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is 39.80%.

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IR has been the topic of several research analyst reports. Zacks Investment Research raised shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $101.00 price objective on the stock in a research report on Friday, June 16th. Credit Suisse Group reissued a “buy” rating and issued a $105.00 price objective on shares of Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, July 11th. BidaskClub lowered shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. BMO Capital Markets reissued a “buy” rating and issued a $87.00 price objective on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, April 20th. Finally, Wolfe Research initiated coverage on shares of Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, July 11th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $97.43.

In other Ingersoll-Rand PLC (Ireland) news, insider Paul A. Camuti sold 6,960 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $89.90, for a total transaction of $625,704.00. Following the sale, the insider now directly owns 64,979 shares of the company’s stock, valued at $5,841,612.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction of $220,075.00. Following the sale, the director now directly owns 65,932 shares in the company, valued at $5,803,993.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,443 shares of company stock worth $1,292,381. Insiders own 0.65% of the company’s stock.

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.

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

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