Sei Investments Co. cut its stake in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 21.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,880 shares of the industrial products company’s stock after selling 20,318 shares during the period. Sei Investments Co.’s holdings in Ingersoll-Rand PLC (Ireland) were worth $6,935,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. raised its stake in 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. JPMorgan Chase & Co. raised its stake in Ingersoll-Rand PLC (Ireland) by 55.7% in the first quarter. JPMorgan Chase & Co. now owns 4,223,442 shares of the industrial products company’s stock valued at $343,449,000 after buying an additional 1,511,211 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in Ingersoll-Rand PLC (Ireland) during the first quarter valued at about $33,005,000. Marshall Wace North America L.P. bought a new stake in Ingersoll-Rand PLC (Ireland) during the first quarter valued at about $33,005,000. Finally, TIAA CREF Investment Management LLC raised its stake in Ingersoll-Rand PLC (Ireland) by 15.6% in the first quarter. TIAA CREF Investment Management LLC now owns 2,830,711 shares of the industrial products company’s stock valued at $230,193,000 after buying an additional 383,018 shares during the last quarter. 80.57% of the stock is owned by institutional investors and hedge funds.

Shares of Ingersoll-Rand PLC (IR) opened at 85.91 on Tuesday. Ingersoll-Rand PLC has a 52 week low of $62.40 and a 52 week high of $94.39. The company’s 50 day moving average price is $90.06 and its 200-day moving average price is $85.74. The company has a market capitalization of $21.79 billion, a price-to-earnings ratio of 21.33 and a beta of 1.31.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last issued its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.03. The company had revenue of $3.91 billion during 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%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.38 earnings per share. Analysts anticipate 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. Investors of record on Friday, September 8th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.10%. This is a positive change from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, September 7th. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is presently 39.80%.

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IR has been the subject of several analyst reports. Stifel Nicolaus raised their price objective on Ingersoll-Rand PLC (Ireland) from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, April 27th. Zacks Investment Research raised Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research note on Friday, June 16th. Credit Suisse Group reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, July 11th. Wolfe Research initiated coverage on Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, July 11th. They issued a “market perform” rating for the company. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Ingersoll-Rand PLC (Ireland) currently has an average rating of “Hold” and an average target price of $97.43.

In related news, Director Richard J. Swift sold 2,500 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $88.03, for a total value of $220,075.00. Following the completion of the transaction, the director now directly owns 65,932 shares in the company, valued at $5,803,993.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert Zafari sold 1,483 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $89.59, for a total value of $132,861.97. Following the completion of the transaction, the executive vice president now owns 66,944 shares of the company’s stock, valued at $5,997,512.96. The disclosure for this sale can be found here. Insiders sold 14,443 shares of company stock valued at $1,292,381 over the last quarter. 0.65% of the stock is currently owned by company insiders.

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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