Martin & Co. Inc. TN Acquires 680 Shares of Ingersoll-Rand PLC (Ireland) (IR)

Martin & Co. Inc. TN lifted its holdings in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,740 shares of the industrial products company’s stock after acquiring an additional 680 shares during the period. Ingersoll-Rand PLC (Ireland) accounts for about 2.4% of Martin & Co. Inc. TN’s holdings, making the stock its 5th biggest position. Martin & Co. Inc. TN’s holdings in Ingersoll-Rand PLC (Ireland) were worth $7,927,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aviva PLC grew its position in shares of Ingersoll-Rand PLC (Ireland) by 1.1% during the second quarter. Aviva PLC now owns 163,875 shares of the industrial products company’s stock worth $14,982,000 after acquiring an additional 1,850 shares during the last quarter. United Capital Financial Advisers LLC grew its position in shares of Ingersoll-Rand PLC (Ireland) by 2.4% during the first quarter. United Capital Financial Advisers LLC now owns 8,756 shares of the industrial products company’s stock worth $712,000 after acquiring an additional 207 shares during the last quarter. Amalgamated Bank grew its position in shares of Ingersoll-Rand PLC (Ireland) by 56.9% during the second quarter. Amalgamated Bank now owns 29,501 shares of the industrial products company’s stock worth $2,696,000 after acquiring an additional 10,702 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Ingersoll-Rand PLC (Ireland) by 15.1% during the second quarter. Nisa Investment Advisors LLC now owns 43,190 shares of the industrial products company’s stock worth $3,934,000 after acquiring an additional 5,650 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Ingersoll-Rand PLC (Ireland) during the second quarter worth approximately $2,321,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

Several equities research analysts recently weighed in on IR shares. Credit Suisse Group reaffirmed a “buy” rating and set a $105.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a report on Tuesday, July 11th. Wolfe Research started coverage on Ingersoll-Rand PLC (Ireland) in a report on Tuesday, July 11th. They set a “market perform” rating for the company. Zacks Investment Research downgraded Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. UBS AG set a $97.00 price target on Ingersoll-Rand PLC (Ireland) and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $93.00 price target (up from $90.00) on shares of Ingersoll-Rand PLC (Ireland) in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. Ingersoll-Rand PLC (Ireland) currently has a consensus rating of “Hold” and an average target price of $99.60.

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Ingersoll-Rand PLC (NYSE IR) traded down 0.060% during midday trading on Wednesday, reaching $91.325. The company’s stock had a trading volume of 415,238 shares. Ingersoll-Rand PLC has a 1-year low of $63.87 and a 1-year high of $94.39. The company’s 50-day moving average price is $88.04 and its 200-day moving average price is $87.94. The company has a market capitalization of $23.17 billion, a price-to-earnings ratio of 23.004 and a beta of 1.33.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be paid a $0.45 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.97%. Ingersoll-Rand PLC (Ireland)’s payout ratio is 44.78%.

In other news, EVP Didier P. Teirlinck sold 26,174 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $86.10, for a total value of $2,253,581.40. Following the completion of the transaction, the executive vice president now owns 131,129 shares of the company’s stock, valued at $11,290,206.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard J. Swift sold 2,500 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $88.03, for a total value of $220,075.00. Following the completion of the transaction, the director now directly 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. Corporate insiders own 0.65% of the company’s stock.

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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