Swiss National Bank lessened its stake in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 0.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 945,958 shares of the industrial products company’s stock after selling 2,200 shares during the quarter. Swiss National Bank owned about 378,580.06% of Ingersoll-Rand PLC (Ireland) worth $84,351,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IR. Capital One National Association increased its holdings in Ingersoll-Rand PLC (Ireland) by 8.4% in the second quarter. Capital One National Association now owns 5,704 shares of the industrial products company’s stock valued at $521,000 after purchasing an additional 441 shares during the last quarter. Pennsylvania Trust Co bought a new stake in Ingersoll-Rand PLC (Ireland) in the second quarter valued at about $210,000. Creative Planning increased its holdings in Ingersoll-Rand PLC (Ireland) by 0.3% in the second quarter. Creative Planning now owns 9,769 shares of the industrial products company’s stock valued at $893,000 after purchasing an additional 32 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Ingersoll-Rand PLC (Ireland) by 376.7% in the second quarter. Fisher Asset Management LLC now owns 12,460 shares of the industrial products company’s stock valued at $1,139,000 after purchasing an additional 9,846 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its holdings in Ingersoll-Rand PLC (Ireland) by 509.4% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 41,985 shares of the industrial products company’s stock valued at $3,837,000 after purchasing an additional 35,096 shares during the last quarter. Institutional investors and hedge funds own 82.14% of the company’s stock.

Ingersoll-Rand PLC (NYSE IR) opened at $84.96 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $21,228.79, a PE ratio of 19.58, a PEG ratio of 2.05 and a beta of 1.37. Ingersoll-Rand PLC has a 52-week low of $74.02 and a 52-week high of $96.23.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.01. The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.65% and a net margin of 7.47%. Ingersoll-Rand PLC (Ireland)’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.41 earnings per share. research analysts anticipate that Ingersoll-Rand PLC will post 4.51 EPS for the current fiscal 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 given a dividend of $0.45 per share. The ex-dividend date 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 is currently 44.89%.

A number of equities research analysts recently commented on the company. Stifel Nicolaus reiterated a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a report on Thursday, August 24th. UBS AG set a $97.00 price objective 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 objective (up previously from $90.00) on shares of Ingersoll-Rand PLC (Ireland) 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 objective for the company in a report on Friday, July 28th. Finally, BidaskClub downgraded Ingersoll-Rand PLC (Ireland) from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $99.18.

In other news, SVP Paul A. Camuti sold 14,097 shares of the company’s stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 66,439 shares of the company’s stock, valued at $6,311,705. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marcia J. Avedon sold 10,460 shares of the company’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $94.00, for a total value of $983,240.00. Following the transaction, the insider now directly owns 111,637 shares of the company’s stock, valued at $10,493,878. The disclosure for this sale can be found here. Insiders have sold 50,731 shares of company stock valued at $4,576,036 over the last ninety days. 0.65% of the stock is owned by insiders.

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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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