Mathes Company Inc. Acquires 475 Shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR)

Mathes Company Inc. boosted its stake in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,065 shares of the industrial products company’s stock after buying an additional 475 shares during the period. Ingersoll-Rand PLC (Ireland) accounts for approximately 2.1% of Mathes Company Inc.’s investment portfolio, making the stock its 13th largest position. Mathes Company Inc.’s holdings in Ingersoll-Rand PLC (Ireland) were worth $4,393,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Israel Discount Bank of New York acquired a new position in shares of Ingersoll-Rand PLC (Ireland) during the first quarter valued at $126,000. Tradewinds Capital Management LLC boosted its position in shares of Ingersoll-Rand PLC (Ireland) by 9.0% in the first quarter. Tradewinds Capital Management LLC now owns 1,690 shares of the industrial products company’s stock valued at $137,000 after buying an additional 140 shares during the last quarter. Zions Bancorporation boosted its position in shares of Ingersoll-Rand PLC (Ireland) by 1.1% in the first quarter. Zions Bancorporation now owns 2,001 shares of the industrial products company’s stock valued at $163,000 after buying an additional 22 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Ingersoll-Rand PLC (Ireland) by 9.6% in the first quarter. Parallel Advisors LLC now owns 2,003 shares of the industrial products company’s stock valued at $178,000 after buying an additional 176 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. boosted its position in shares of Ingersoll-Rand PLC (Ireland) by 6.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,106 shares of the industrial products company’s stock valued at $192,000 after buying an additional 131 shares during the last quarter. Institutional investors own 83.11% of the company’s stock.

Ingersoll-Rand PLC (IR) traded up 0.13% on Friday, hitting $85.09. 2,023,511 shares of the stock were exchanged. The firm has a market cap of $21.58 billion, a P/E ratio of 21.12 and a beta of 1.31. The company has a 50-day moving average of $90.21 and a 200 day moving average of $85.61. Ingersoll-Rand PLC has a 12 month low of $62.40 and a 12 month high of $94.39.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last issued its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same period last year, the company posted $1.38 EPS. The business’s revenue was up 4.4% on a year-over-year basis. Equities research analysts expect that Ingersoll-Rand PLC will post $4.54 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a $0.45 dividend. This is a boost from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, September 7th. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is presently 39.80%.

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IR has been the topic of several recent research reports. Stifel Nicolaus raised their price target on shares of Ingersoll-Rand PLC (Ireland) from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, April 27th. Zacks Investment Research raised shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a report on Friday, June 16th. Credit Suisse Group reaffirmed a “buy” rating and issued a $105.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a report on Tuesday, July 11th. Wolfe Research initiated coverage on shares of Ingersoll-Rand PLC (Ireland) in a report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $100.00 price objective on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $97.43.

In other news, insider Paul A. Camuti sold 6,960 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $89.90, for a total value of $625,704.00. Following the completion of the sale, the insider now owns 64,979 shares in the company, valued at approximately $5,841,612.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard J. Swift sold 2,500 shares of the firm’s 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. Insiders sold a total of 14,443 shares of company stock valued at $1,292,381 over the last three months. Corporate insiders own 0.65% of the company’s stock.

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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