Ingersoll-Rand PLC (Ireland) (IR) Position Decreased by 10 15 Associates Inc.

10 15 Associates Inc. reduced its stake in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 0.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,099 shares of the industrial products company’s stock after selling 150 shares during the period. 10 15 Associates Inc.’s holdings in Ingersoll-Rand PLC (Ireland) were worth $1,553,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of IR. United Capital Financial Advisers LLC raised its position in Ingersoll-Rand PLC (Ireland) by 2.4% in the first quarter. United Capital Financial Advisers LLC now owns 8,756 shares of the industrial products company’s stock valued at $712,000 after buying an additional 207 shares during the period. Glen Harbor Capital Management LLC raised its position in Ingersoll-Rand PLC (Ireland) by 86.4% in the first quarter. Glen Harbor Capital Management LLC now owns 68,152 shares of the industrial products company’s stock valued at $5,542,000 after buying an additional 31,584 shares during the period. USA Financial Portformulas Corp acquired a new position in Ingersoll-Rand PLC (Ireland) during the fourth quarter valued at $3,111,000. Vanguard Group Inc. raised its position in 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 valued at $1,340,311,000 after buying an additional 288,826 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in Ingersoll-Rand PLC (Ireland) by 18.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,215,646 shares of the industrial products company’s stock valued at $98,857,000 after buying an additional 187,142 shares during the period. 82.66% of the stock is owned by hedge funds and other institutional investors.

Shares of Ingersoll-Rand PLC (NYSE:IR) traded up 0.87% during trading on Friday, hitting $88.54. The stock had a trading volume of 1,608,774 shares. Ingersoll-Rand PLC has a 52-week low of $62.40 and a 52-week high of $94.39. The firm has a market cap of $22.46 billion, a PE ratio of 21.98 and a beta of 1.32. The stock has a 50 day moving average of $91.13 and a 200 day moving average of $84.98.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.03. The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.78 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 7.60% and a return on equity of 16.64%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.38 earnings per share. On average, equities analysts anticipate that Ingersoll-Rand PLC will post $4.54 EPS for the current year.

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IR has been the subject of a number of research analyst reports. Zacks Investment Research raised Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research report on Friday, June 16th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of Ingersoll-Rand PLC (Ireland) in a research report on Friday, March 31st. Credit Suisse Group reaffirmed a “buy” rating and issued a $84.00 target price on shares of Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, April 11th. BMO Capital Markets reaffirmed a “buy” rating and issued a $87.00 target price on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, April 20th. Finally, Royal Bank Of Canada boosted their target price on Ingersoll-Rand PLC (Ireland) from $83.00 to $85.00 and gave the company a “sector perform” rating in a research report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. Ingersoll-Rand PLC (Ireland) presently has a consensus rating of “Hold” and an average price target of $97.43.

In related news, EVP Robert Zafari sold 1,483 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $89.59, for a total value of $132,861.97. Following the sale, the executive vice president now owns 66,944 shares in the company, valued at $5,997,512.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul A. Camuti sold 3,500 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction on Friday, May 19th. The stock was sold at an average price of $89.64, for a total transaction of $313,740.00. Following the transaction, the insider now owns 61,519 shares in the company, valued at approximately $5,514,563.16. The disclosure for this sale can be found here. Insiders have sold 11,943 shares of company stock valued at $1,072,306 in the last three months. 0.65% of the stock is owned by insiders.

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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