Ameriprise Financial Inc. raised its position in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,803,838 shares of the industrial products company’s stock after purchasing an additional 94,526 shares during the quarter. Ameriprise Financial Inc. owned 2.29% of Ingersoll-Rand PLC (Ireland) worth $530,374,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Aviva PLC increased its position in shares of Ingersoll-Rand PLC (Ireland) by 1.1% during the second quarter. Aviva PLC now owns 163,875 shares of the industrial products company’s stock worth $14,982,000 after acquiring an additional 1,850 shares during the period. United Capital Financial Advisers LLC increased its position in shares of Ingersoll-Rand PLC (Ireland) by 2.4% during the first quarter. United Capital Financial Advisers LLC now owns 8,756 shares of the industrial products company’s stock worth $712,000 after acquiring an additional 207 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Ingersoll-Rand PLC (Ireland) by 15.1% during the second quarter. Nisa Investment Advisors LLC now owns 43,190 shares of the industrial products company’s stock worth $3,934,000 after acquiring an additional 5,650 shares during the period. OMERS ADMINISTRATION Corp purchased a new position in shares of Ingersoll-Rand PLC (Ireland) during the second quarter worth approximately $2,321,000. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Ingersoll-Rand PLC (Ireland) by 0.5% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 585,096 shares of the industrial products company’s stock worth $53,472,000 after acquiring an additional 2,899 shares during the period. 80.58% of the stock is currently owned by institutional investors.

A number of brokerages have recently commented on IR. Wolfe Research began coverage on shares of Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, July 11th. They set a “market perform” rating on the stock. Credit Suisse Group reaffirmed a “buy” rating and set a $105.00 target price on shares of Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, July 11th. Zacks Investment Research lowered shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Stifel Nicolaus reduced their target price on shares of Ingersoll-Rand PLC (Ireland) from $103.00 to $98.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $105.00 target price on shares of Ingersoll-Rand PLC (Ireland) in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $99.13.

Ingersoll-Rand PLC (NYSE:IR) traded up 0.51% during trading on Wednesday, hitting $90.47. 327,754 shares of the stock were exchanged. The stock has a market cap of $22.95 billion, a P/E ratio of 22.46 and a beta of 1.30. The stock’s 50 day moving average price is $86.34 and its 200 day moving average price is $86.42. Ingersoll-Rand PLC has a 12 month low of $62.97 and a 12 month high of $94.39.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its earnings results 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. Ingersoll-Rand PLC (Ireland) had a net margin of 7.60% and a return on equity of 16.64%. The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the prior year, the firm earned $1.38 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts forecast that Ingersoll-Rand PLC will post $4.54 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a dividend of $0.45 per share. This is an increase from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.00%. The ex-dividend date is Thursday, September 7th. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is presently 44.78%.

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In related news, Director Richard J. Swift sold 2,500 shares of the company’s 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 sale, the director now directly owns 65,932 shares of the company’s stock, valued at approximately $5,803,993.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Didier P. Teirlinck sold 26,174 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $86.10, for a total transaction of $2,253,581.40. Following the sale, the executive vice president now directly owns 131,129 shares in the company, valued at $11,290,206.90. The disclosure for this sale can be found here. 0.65% of the stock is owned by corporate 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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