Trust Co. of Virginia VA Decreases Stake in Ingersoll-Rand PLC (Ireland) (IR)

Trust Co. of Virginia VA lowered its position in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,715 shares of the industrial products company’s stock after selling 1,617 shares during the period. Trust Co. of Virginia VA’s holdings in Ingersoll-Rand PLC (Ireland) were worth $5,731,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Waldron LP bought a new position in Ingersoll-Rand PLC (Ireland) during the 1st quarter valued at approximately $287,000. Russell Investments Group Ltd. increased its position in Ingersoll-Rand PLC (Ireland) by 11.0% during the 1st quarter. Russell Investments Group Ltd. now owns 125,553 shares of the industrial products company’s stock valued at $10,208,000 after buying an additional 12,479 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its position in Ingersoll-Rand PLC (Ireland) by 42.0% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 5,532 shares of the industrial products company’s stock valued at $450,000 after buying an additional 1,636 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Ingersoll-Rand PLC (Ireland) by 11.2% during the 1st quarter. Daiwa Securities Group Inc. now owns 7,444 shares of the industrial products company’s stock valued at $605,000 after buying an additional 750 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC bought a new position in Ingersoll-Rand PLC (Ireland) during the 1st quarter valued at approximately $407,000. 80.58% of the stock is owned by hedge funds and other institutional investors.

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A number of research analysts recently weighed in on the company. ValuEngine raised Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating in a research report on Wednesday. Stifel Nicolaus reaffirmed a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, August 24th. UBS AG set a $97.00 price objective on Ingersoll-Rand PLC (Ireland) and gave the company a “buy” rating in a research report on Thursday, July 27th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $93.00 target price (up from $90.00) on shares of Ingersoll-Rand PLC (Ireland) in a research note on Thursday, July 27th. Finally, Zacks Investment Research downgraded Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $97.25.

Ingersoll-Rand PLC (NYSE IR) traded up 2.82% during trading on Friday, reaching $87.46. The company had a trading volume of 2,980,886 shares. The stock has a 50 day moving average price of $86.43 and a 200 day moving average price of $86.30. The firm has a market capitalization of $22.19 billion, a P/E ratio of 21.71 and a beta of 1.30. Ingersoll-Rand PLC has a 52 week low of $62.40 and a 52 week high of $94.39.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.49 EPS for the quarter, beating 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 company had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period in the prior year, the company earned $1.38 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. Analysts predict that Ingersoll-Rand PLC will post $4.54 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.06%. This is a positive change from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, September 7th. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is presently 44.78%.

In other news, EVP Didier P. Teirlinck sold 26,174 shares of the stock in a transaction dated Tuesday, August 15th. The shares were 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 of the company’s stock, valued at approximately $11,290,206.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard J. Swift sold 2,500 shares of the 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 sale, the director now directly owns 65,932 shares in the company, valued at $5,803,993.96. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by corporate insiders.

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.

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

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