BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 4.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 372,803 shares of the industrial products company’s stock after purchasing an additional 16,086 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.15% of Ingersoll-Rand PLC (Ireland) worth $33,243,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of IR. Advisory Services Network LLC lifted its holdings in shares of Ingersoll-Rand PLC (Ireland) by 19.5% in the second quarter. Advisory Services Network LLC now owns 1,304 shares of the industrial products company’s stock worth $119,000 after buying an additional 213 shares in the last quarter. Acrospire Investment Management LLC lifted its holdings in shares of Ingersoll-Rand PLC (Ireland) by 250.0% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the industrial products company’s stock worth $128,000 after buying an additional 1,000 shares in the last quarter. Harfst & Associates Inc. lifted its holdings in shares of Ingersoll-Rand PLC (Ireland) by 43.9% in the second quarter. Harfst & Associates Inc. now owns 1,580 shares of the industrial products company’s stock worth $144,000 after buying an additional 482 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Ingersoll-Rand PLC (Ireland) by 185.5% in the third quarter. Bessemer Group Inc. now owns 1,967 shares of the industrial products company’s stock worth $175,000 after buying an additional 1,278 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Ingersoll-Rand PLC (Ireland) by 5.0% in the second quarter. Parallel Advisors LLC now owns 2,103 shares of the industrial products company’s stock worth $185,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 82.87% of the company’s stock.

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

Shares of Ingersoll-Rand PLC (NYSE IR) traded down $0.54 on Wednesday, reaching $84.58. 2,005,600 shares of the company were exchanged, compared to its average volume of 1,727,797. The stock has a market capitalization of $21,268.76, a P/E ratio of 19.61, a P/E/G ratio of 2.05 and a beta of 1.35. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 0.89. 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 announced its earnings results on Wednesday, October 25th. The industrial products company reported $1.44 earnings per share 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 the consensus estimate of $3.71 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 7.47% and a return on equity of 16.65%. Ingersoll-Rand PLC (Ireland)’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm posted $1.41 earnings per share. research analysts anticipate that Ingersoll-Rand PLC will post 4.51 EPS for the current year.

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

IR has been the topic of a number of recent analyst reports. Stifel Nicolaus reissued a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a report on Thursday, August 24th. Robert W. Baird set a $98.00 price target on shares of Ingersoll-Rand PLC (Ireland) and gave the stock a “hold” rating in a report on Thursday, August 24th. ValuEngine raised shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Jefferies Group reissued a “buy” rating and issued a $105.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a report on Tuesday, September 12th. Finally, J P Morgan Chase & Co downgraded shares of Ingersoll-Rand PLC (Ireland) from an “overweight” rating to a “neutral” rating in a report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. Ingersoll-Rand PLC (Ireland) has an average rating of “Hold” and a consensus target price of $99.18.

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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.

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

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