Optimum Investment Advisors held its position in Ingersoll-Rand PLC (Ireland) (NYSE:IR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,405 shares of the industrial products company’s stock at the close of the second quarter. Optimum Investment Advisors’ holdings in Ingersoll-Rand PLC (Ireland) were worth $311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of IR. Zurich Insurance Group Ltd FI bought a new position in Ingersoll-Rand PLC (Ireland) in the 2nd quarter worth $4,834,000. Salem Investment Counselors Inc. lifted its position in Ingersoll-Rand PLC (Ireland) by 0.3% during the second quarter. Salem Investment Counselors Inc. now owns 21,737 shares of the industrial products company’s stock valued at $1,987,000 after purchasing an additional 62 shares in the last quarter. Employees Retirement System of Texas lifted its position in Ingersoll-Rand PLC (Ireland) by 0.7% during the second quarter. Employees Retirement System of Texas now owns 147,500 shares of the industrial products company’s stock valued at $13,480,000 after purchasing an additional 1,000 shares in the last quarter. HighTower Advisors LLC grew its holdings in Ingersoll-Rand PLC (Ireland) by 8.0% during the second quarter. HighTower Advisors LLC now owns 54,778 shares of the industrial products company’s stock valued at $4,998,000 after purchasing an additional 4,073 shares during the period. Finally, People s United Financial Inc. grew its holdings in Ingersoll-Rand PLC (Ireland) by 5.3% during the second quarter. People s United Financial Inc. now owns 2,578 shares of the industrial products company’s stock valued at $236,000 after purchasing an additional 130 shares during the period. 80.56% of the stock is currently owned by institutional investors.

In related news, Director Richard J. Swift sold 2,500 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction on Monday, August 7th. The shares were sold at an average price of $88.03, for a total value of $220,075.00. Following the sale, the director now owns 65,932 shares of the company’s stock, valued at approximately $5,803,993.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Didier P. Teirlinck sold 26,174 shares of the business’s 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 completion of 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. Corporate insiders own 0.65% of the company’s stock.

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Several research analysts have recently commented on the company. Zacks Investment Research raised 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 note on Friday, June 16th. Stifel Nicolaus cut their price objective on 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. Robert W. Baird set a $98.00 price objective on Ingersoll-Rand PLC (Ireland) and gave the company a “hold” rating in a research note on Thursday, August 24th. BidaskClub downgraded Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $105.00 target price on shares of Ingersoll-Rand PLC (Ireland) in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $99.22.

Ingersoll-Rand PLC (IR) traded down 0.12% during trading on Tuesday, hitting $89.85. 249,784 shares of the stock traded hands. The stock has a market cap of $22.79 billion, a P/E ratio of 22.31 and a beta of 1.33. The stock 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 52-week low of $63.87 and a 52-week high of $94.39.

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

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

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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