Oakbrook Investments LLC reduced its holdings in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 13.9% during the 4th quarter, Holdings Channel reports. The fund owned 17,821 shares of the industrial products company’s stock after selling 2,870 shares during the period. Oakbrook Investments LLC’s holdings in Ingersoll-Rand PLC (Ireland) were worth $1,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the company. Salem Investment Counselors Inc. boosted its holdings in shares of Ingersoll-Rand PLC (Ireland) by 0.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 21,737 shares of the industrial products company’s stock valued at $1,987,000 after acquiring an additional 62 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of Ingersoll-Rand PLC (Ireland) by 1.5% in the 2nd quarter. MML Investors Services LLC now owns 5,365 shares of the industrial products company’s stock valued at $490,000 after acquiring an additional 79 shares during the last quarter. People s United Financial Inc. boosted its holdings in shares of Ingersoll-Rand PLC (Ireland) by 5.3% in the 2nd quarter. People s United Financial Inc. now owns 2,578 shares of the industrial products company’s stock valued at $236,000 after acquiring an additional 130 shares during the last quarter. Cookson Peirce & Co. Inc. boosted its holdings in shares of Ingersoll-Rand PLC (Ireland) by 1.9% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 7,375 shares of the industrial products company’s stock valued at $674,000 after acquiring an additional 140 shares during the last quarter. Finally, Bank of Nova Scotia boosted its holdings in shares of Ingersoll-Rand PLC (Ireland) by 3.4% in the 2nd quarter. Bank of Nova Scotia now owns 6,136 shares of the industrial products company’s stock valued at $561,000 after acquiring an additional 200 shares during the last quarter. 82.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ingersoll-Rand PLC (NYSE:IR) opened at $90.93 on Friday. Ingersoll-Rand PLC has a twelve month low of $77.00 and a twelve month high of $96.23. The stock has a market cap of $22,720.00, a price-to-earnings ratio of 22.73, a P/E/G ratio of 1.93 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 (Ireland) (NYSE:IR) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.01. The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 7.47% and a return on equity of 16.65%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.41 earnings per share. analysts anticipate that Ingersoll-Rand PLC will post 4.51 EPS for the current fiscal year.

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

In other Ingersoll-Rand PLC (Ireland) news, insider Marcia J. Avedon sold 10,460 shares of the company’s stock in a transaction 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 completion of 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 hyperlink. Also, SVP Paul A. Camuti sold 14,097 shares of the company’s stock in a transaction on Monday, October 23rd. The stock was 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 owns 66,439 shares of the company’s stock, valued at $6,311,705. The disclosure for this sale can be found here. Insiders have sold 235,065 shares of company stock valued at $20,906,101 over the last 90 days. 0.63% of the stock is currently owned by company insiders.

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Ingersoll-Rand PLC (Ireland) 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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