Toronto Dominion Bank lifted its stake in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 11.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,320 shares of the industrial products company’s stock after purchasing an additional 9,534 shares during the quarter. Toronto Dominion Bank’s holdings in Ingersoll-Rand PLC (Ireland) were worth $8,587,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Ingersoll-Rand PLC (Ireland) by 1.5% during the second 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. raised its position in Ingersoll-Rand PLC (Ireland) by 182.4% in the second quarter. JPMorgan Chase & Co. now owns 11,926,345 shares of the industrial products company’s stock worth $1,089,950,000 after acquiring an additional 7,702,903 shares in the last quarter. Ameriprise Financial Inc. raised its position in Ingersoll-Rand PLC (Ireland) by 1.7% in the second quarter. Ameriprise Financial Inc. now owns 5,803,838 shares of the industrial products company’s stock worth $530,374,000 after acquiring an additional 94,526 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in Ingersoll-Rand PLC (Ireland) by 0.6% in the second quarter. TIAA CREF Investment Management LLC now owns 2,847,766 shares of the industrial products company’s stock worth $260,257,000 after acquiring an additional 17,055 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Ingersoll-Rand PLC (Ireland) by 5.9% in the third quarter. Victory Capital Management Inc. now owns 1,741,228 shares of the industrial products company’s stock worth $155,265,000 after acquiring an additional 97,058 shares in the last quarter. Institutional investors and hedge funds own 82.52% of the company’s stock.

Shares of Ingersoll-Rand PLC (NYSE IR) opened at $85.26 on Friday. 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 company has a market capitalization of $21,300.00, a price-to-earnings ratio of 19.21, a P/E/G ratio of 2.01 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 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.01. The business had revenue of $3.67 billion for 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 business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.41 earnings per share. research analysts expect that Ingersoll-Rand PLC will post 4.51 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.80 annualized dividend and a yield of 2.11%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is presently 45.00%.

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In related news, insider Marcia J. Avedon sold 10,460 shares of the stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $94.00, for a total transaction of $983,240.00. Following the transaction, the insider now directly owns 111,637 shares in the company, valued at $10,493,878. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Paul A. Camuti sold 14,097 shares of the stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $95.00, for a total value of $1,339,215.00. Following the transaction, the senior vice president now owns 66,439 shares in the company, valued at $6,311,705. 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 several research analyst reports. UBS AG set a $97.00 price objective on Ingersoll-Rand PLC (Ireland) and gave the stock a “buy” rating in a research 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 research report on Thursday, July 27th. BidaskClub lowered Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research raised Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a report on Friday, July 28th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a report on Thursday, August 24th. One investment 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 a consensus target price of $99.18.

Ingersoll-Rand PLC (Ireland) Company 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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