Tredje AP fonden cut its stake in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 17.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,445 shares of the industrial products company’s stock after selling 5,690 shares during the period. Tredje AP fonden’s holdings in Ingersoll-Rand PLC (Ireland) were worth $2,447,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Westfield Capital Management Co. LP raised its stake in shares of Ingersoll-Rand PLC (Ireland) by 37.7% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,520,393 shares of the industrial products company’s stock worth $135,573,000 after buying an additional 416,011 shares in the last quarter. KBC Group NV raised its stake in shares of Ingersoll-Rand PLC (Ireland) by 27.2% during the 3rd quarter. KBC Group NV now owns 217,416 shares of the industrial products company’s stock worth $19,387,000 after buying an additional 46,509 shares in the last quarter. BB&T Securities LLC raised its stake in shares of Ingersoll-Rand PLC (Ireland) by 26.7% during the 3rd quarter. BB&T Securities LLC now owns 154,510 shares of the industrial products company’s stock worth $13,777,000 after buying an additional 32,552 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Ingersoll-Rand PLC (Ireland) by 6.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,320,391 shares of the industrial products company’s stock worth $117,740,000 after buying an additional 77,787 shares in the last quarter. Finally, Commonwealth Bank of Australia raised its stake in shares of Ingersoll-Rand PLC (Ireland) by 1.7% during the 3rd quarter. Commonwealth Bank of Australia now owns 39,076 shares of the industrial products company’s stock worth $3,477,000 after buying an additional 646 shares in the last quarter. 82.87% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on IR. ValuEngine downgraded Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Morgan Stanley increased their target price on Ingersoll-Rand PLC (Ireland) from $94.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, September 25th. Bank of America downgraded Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 target price for the company. in a research note on Tuesday, October 17th. Zacks Investment Research downgraded Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Finally, KeyCorp reissued a “hold” rating on shares of Ingersoll-Rand PLC (Ireland) in a research note on Sunday, November 19th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $99.18.

Ingersoll-Rand PLC (IR) traded down $0.54 on Wednesday, hitting $84.58. The company had a trading volume of 2,005,600 shares, compared to its average volume of 1,727,797. The firm has a market cap of $21,268.76, a PE ratio of 19.61, a P/E/G ratio of 2.05 and a beta of 1.35. The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.43. Ingersoll-Rand PLC has a 1-year low of $74.35 and a 1-year high of $96.23.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last released its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.01. The business had revenue of $3.67 billion for 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%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.41 EPS. equities analysts expect that Ingersoll-Rand PLC will post 4.51 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Thursday, December 7th. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is currently 44.89%.

In other Ingersoll-Rand PLC (Ireland) news, insider Marcia J. Avedon sold 10,460 shares of the stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $94.00, for a total transaction of $983,240.00. Following the sale, the insider now owns 111,637 shares in the company, valued at approximately $10,493,878. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Paul A. Camuti sold 14,097 shares of the stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $95.00, for a total value of $1,339,215.00. Following the sale, the senior vice president now owns 66,439 shares in the company, valued at approximately $6,311,705. The disclosure for this sale can be found here. Corporate insiders own 0.63% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Ingersoll-Rand PLC (Ireland) (NYSE:IR)

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