Wesbanco Bank Inc. reduced its stake in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 0.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 23,904 shares of the industrial products company’s stock after selling 113 shares during the period. Wesbanco Bank Inc.’s holdings in Ingersoll-Rand PLC (Ireland) were worth $2,184,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of 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 worth $1,427,553,000 after buying an additional 16,497,616 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Ingersoll-Rand PLC (Ireland) by 1.8% in the first quarter. Vanguard Group Inc. now owns 16,481,935 shares of the industrial products company’s stock worth $1,340,311,000 after buying an additional 288,826 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Ingersoll-Rand PLC (Ireland) by 5.3% in the first quarter. American Century Companies Inc. now owns 6,270,065 shares of the industrial products company’s stock worth $509,882,000 after buying an additional 315,572 shares in the last quarter. Boston Partners boosted its stake in shares of Ingersoll-Rand PLC (Ireland) by 4.8% in the first quarter. Boston Partners now owns 4,849,941 shares of the industrial products company’s stock worth $394,397,000 after buying an additional 222,362 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Ingersoll-Rand PLC (Ireland) by 0.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,812,712 shares of the industrial products company’s stock worth $391,370,000 after buying an additional 41,198 shares in the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ingersoll-Rand PLC (NYSE:IR) opened at 85.73 on Thursday. Ingersoll-Rand PLC has a 12 month low of $62.40 and a 12 month high of $94.39. The company has a market capitalization of $21.75 billion, a PE ratio of 21.28 and a beta of 1.31. The firm has a 50-day moving average price of $88.59 and a 200-day moving average price of $86.04.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.49 EPS for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.03. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.64% and a net margin of 7.60%. The firm had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the company earned $1.38 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities research analysts predict that Ingersoll-Rand PLC will post $4.54 EPS for the current 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 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Thursday, September 7th. This is an increase from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is 39.80%.

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IR has been the topic of a number of recent analyst reports. Robert W. Baird set a $98.00 price objective on shares of Ingersoll-Rand PLC (Ireland) and gave the company a “hold” rating in a research note on Thursday, August 24th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $93.00 price target (up from $90.00) on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, July 27th. Wolfe Research started coverage on shares of Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Stifel Nicolaus reiterated a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, August 24th. Finally, UBS AG set a $97.00 price target on shares of Ingersoll-Rand PLC (Ireland) and gave the stock a “buy” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. Ingersoll-Rand PLC (Ireland) currently has a consensus rating of “Hold” and an average price target of $97.50.

In other news, Director Richard J. Swift sold 2,500 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $88.03, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul A. Camuti sold 6,960 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $89.90, for a total transaction of $625,704.00. Following the transaction, the insider now owns 64,979 shares of the company’s stock, valued at $5,841,612.10. The disclosure for this sale can be found here. Insiders sold 35,634 shares of company stock worth $3,099,360 in 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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