Nisa Investment Advisors LLC Has $3.93 Million Position in Ingersoll-Rand PLC (Ireland) (NYSE:IR)

Nisa Investment Advisors LLC raised its position in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 15.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,190 shares of the industrial products company’s stock after buying an additional 5,650 shares during the period. Nisa Investment Advisors LLC’s holdings in Ingersoll-Rand PLC (Ireland) were worth $3,934,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Israel Discount Bank of New York acquired a new stake in Ingersoll-Rand PLC (Ireland) during the first quarter worth approximately $126,000. Tradewinds Capital Management LLC increased its stake in 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 worth $137,000 after buying an additional 140 shares during the last quarter. Zions Bancorporation increased its stake in 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 worth $163,000 after buying an additional 22 shares during the last quarter. Parallel Advisors LLC increased its stake in 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 worth $178,000 after buying an additional 176 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. increased its stake in 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 worth $192,000 after buying an additional 131 shares during the last quarter. Institutional investors and hedge funds own 83.11% of the company’s stock.

Ingersoll-Rand PLC (NYSE:IR) opened at 85.09 on Friday. The company’s 50-day moving average is $90.21 and its 200-day moving average is $85.61. The stock has a market capitalization of $21.58 billion, a P/E ratio of 21.12 and a beta of 1.31. 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 announced its earnings results on Wednesday, July 26th. The industrial products company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.46 by $0.03. The firm had revenue of $3.91 billion for 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 business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the company posted $1.38 EPS. Equities analysts anticipate that Ingersoll-Rand PLC will post $4.54 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued a dividend of $0.45 per share. This is an increase from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a 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 39.80%.

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A number of analysts recently commented on the stock. UBS AG set a $97.00 target price on shares of Ingersoll-Rand PLC (Ireland) and gave the stock a “buy” rating in a report on Thursday, July 27th. BidaskClub downgraded shares of Ingersoll-Rand PLC (Ireland) from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $93.00 target price (up from $90.00) on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, July 27th. Zacks Investment Research downgraded shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, BMO Capital Markets reissued 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. Ingersoll-Rand PLC (Ireland) has a consensus rating of “Hold” and a consensus target price of $97.43.

In other Ingersoll-Rand PLC (Ireland) 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 transaction of $132,861.97. Following the sale, the executive vice president now directly owns 66,944 shares in the company, valued at approximately $5,997,512.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard J. Swift sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $88.03, for a total transaction of $220,075.00. Following the transaction, the director now directly owns 65,932 shares of the company’s stock, valued at $5,803,993.96. The disclosure for this sale can be found here. Insiders have sold a total of 14,443 shares of company stock worth $1,292,381 over the last 90 days. 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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