NEXT Financial Group Inc lifted its stake in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 283.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,427 shares of the industrial products company’s stock after buying an additional 3,272 shares during the quarter. NEXT Financial Group Inc’s holdings in Ingersoll-Rand PLC (Ireland) were worth $404,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in IR. Vanguard Group Inc. increased its holdings in Ingersoll-Rand PLC (Ireland) by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 16,727,145 shares of the industrial products company’s stock worth $1,528,695,000 after purchasing an additional 245,210 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Ingersoll-Rand PLC (Ireland) by 182.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,926,345 shares of the industrial products company’s stock worth $1,089,950,000 after purchasing an additional 7,702,903 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Ingersoll-Rand PLC (Ireland) by 1.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,874,474 shares of the industrial products company’s stock worth $523,825,000 after purchasing an additional 70,636 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in Ingersoll-Rand PLC (Ireland) by 0.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,847,766 shares of the industrial products company’s stock worth $260,257,000 after purchasing an additional 17,055 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Ingersoll-Rand PLC (Ireland) by 5.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,741,228 shares of the industrial products company’s stock worth $155,265,000 after purchasing an additional 97,058 shares during the last quarter. Institutional investors and hedge funds own 81.65% of the company’s stock.

Shares of Ingersoll-Rand PLC (IR) traded down $0.39 during trading on Tuesday, hitting $84.73. The stock had a trading volume of 1,588,200 shares, compared to its average volume of 1,725,915. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.89 and a current ratio of 1.24. The firm has a market capitalization of $21,190.00, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 2.05 and a beta of 1.37. Ingersoll-Rand PLC has a twelve month low of $74.02 and a twelve month high of $96.23.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.01. The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.71 billion. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.65% and a net margin of 7.47%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.41 earnings per share. equities research analysts expect that Ingersoll-Rand PLC will post 4.51 EPS for the current year.

The company 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 $0.45 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.80 annualized dividend and a dividend yield of 2.12%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is 45.00%.

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In other news, SVP Paul A. Camuti sold 14,097 shares of the business’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $95.00, for a total transaction of $1,339,215.00. Following the sale, the senior vice president now directly owns 66,439 shares of the company’s stock, valued at $6,311,705. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marcia J. Avedon sold 10,460 shares of the business’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $94.00, for a total value of $983,240.00. Following the sale, the insider now directly owns 111,637 shares in the company, valued at $10,493,878. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

IR has been the subject of a number of research analyst reports. UBS AG set a $97.00 price target on Ingersoll-Rand PLC (Ireland) and gave the company a “buy” rating in a report on Thursday, July 27th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $93.00 price target (up from $90.00) on shares of Ingersoll-Rand PLC (Ireland) in a report on Thursday, July 27th. BidaskClub downgraded Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a report on Friday, July 28th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $99.18.

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)

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