Ingersoll-Rand PLC (Ireland) (IR) Shares Sold by Nationwide Fund Advisors

Nationwide Fund Advisors decreased its position in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 287,044 shares of the industrial products company’s stock after selling 13,805 shares during the period. Nationwide Fund Advisors owned 0.11% of Ingersoll-Rand PLC (Ireland) worth $26,233,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Ingersoll-Rand PLC (Ireland) by 1,560.6% during the 1st quarter. BlackRock Inc. now owns 17,554,733 shares of the industrial products company’s stock worth $1,427,553,000 after acquiring an additional 16,497,616 shares during the last quarter. Vanguard Group Inc. lifted its position in Ingersoll-Rand PLC (Ireland) by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 16,481,935 shares of the industrial products company’s stock worth $1,340,311,000 after acquiring an additional 288,826 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Ingersoll-Rand PLC (Ireland) by 182.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,926,345 shares of the industrial products company’s stock worth $1,089,950,000 after acquiring an additional 7,702,903 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Ingersoll-Rand PLC (Ireland) by 1.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,803,838 shares of the industrial products company’s stock worth $530,374,000 after acquiring an additional 94,526 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Ingersoll-Rand PLC (Ireland) by 0.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,812,712 shares of the industrial products company’s stock worth $391,370,000 after acquiring an additional 41,198 shares during the last quarter. 80.58% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on the stock. Wolfe Research assumed coverage on shares of Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, July 11th. They set a “market perform” rating for the company. Credit Suisse Group restated a “buy” rating and set a $105.00 price objective on shares of Ingersoll-Rand PLC (Ireland) in a report on Tuesday, July 11th. Zacks Investment Research downgraded shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Stifel Nicolaus dropped their price objective on shares of Ingersoll-Rand PLC (Ireland) from $103.00 to $98.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Jefferies Group LLC restated a “buy” rating and set a $105.00 price objective on shares of Ingersoll-Rand PLC (Ireland) in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $99.13.

In other Ingersoll-Rand PLC (Ireland) news, EVP Didier P. Teirlinck sold 26,174 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $86.10, for a total value of $2,253,581.40. Following the completion of the sale, the executive vice president now owns 131,129 shares in the company, valued at approximately $11,290,206.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard J. Swift sold 2,500 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $88.03, for a total transaction of $220,075.00. Following the completion of the sale, the director now owns 65,932 shares of the company’s stock, valued at approximately $5,803,993.96. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.

Shares of Ingersoll-Rand PLC (IR) opened at 89.44 on Friday. Ingersoll-Rand PLC has a 1-year low of $63.67 and a 1-year high of $94.39. The company has a market cap of $22.69 billion, a PE ratio of 22.20 and a beta of 1.30. The company has a 50-day moving average of $86.45 and a 200-day moving average of $86.60.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, September 7th. This is a boost from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is currently 44.78%.

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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.

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

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