Korea Investment CORP Has $11.73 Million Stake in Ingersoll-Rand PLC (Ireland) (IR)

Korea Investment CORP decreased its position in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 7.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 128,297 shares of the industrial products company’s stock after selling 10,692 shares during the period. Korea Investment CORP owned about 0.05% of Ingersoll-Rand PLC (Ireland) worth $11,725,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. increased its stake in Ingersoll-Rand PLC (Ireland) by 0.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,885 shares of the industrial products company’s stock worth $264,000 after buying an additional 12 shares during the period. Savant Capital LLC increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 0.6% in the first quarter. Savant Capital LLC now owns 2,767 shares of the industrial products company’s stock valued at $225,000 after buying an additional 16 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 0.3% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 6,169 shares of the industrial products company’s stock valued at $502,000 after buying an additional 17 shares during the last quarter. Zions Bancorporation increased its stake 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. Finally, Creative Planning increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 0.3% in the second quarter. Creative Planning now owns 9,769 shares of the industrial products company’s stock valued at $893,000 after buying an additional 32 shares during the last quarter. 80.57% of the stock is owned by hedge funds and other institutional investors.

Shares of Ingersoll-Rand PLC (NYSE:IR) traded down 0.33% during mid-day trading on Friday, reaching $85.18. The company’s stock had a trading volume of 1,333,890 shares. Ingersoll-Rand PLC has a 12 month low of $62.40 and a 12 month high of $94.39. The company has a 50 day moving average price of $89.50 and a 200 day moving average price of $85.83. The stock has a market capitalization of $21.61 billion, a P/E ratio of 21.15 and a beta of 1.31.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last released its earnings results on Wednesday, July 26th. The industrial products company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same period last year, the business earned $1.38 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that Ingersoll-Rand PLC will post $4.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, September 7th. This is an increase from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 2.11%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is 39.80%.

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Several brokerages have recently weighed in on IR. Stifel Nicolaus upped their target price on Ingersoll-Rand PLC (Ireland) from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, April 27th. Zacks Investment Research downgraded Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research report on Wednesday, May 31st. BMO Capital Markets reaffirmed a “buy” rating and issued a $100.00 target price on shares of Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, May 2nd. UBS AG set a $97.00 target price on Ingersoll-Rand PLC (Ireland) and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada upped their target price on Ingersoll-Rand PLC (Ireland) from $83.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 27th. 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 company’s stock. Ingersoll-Rand PLC (Ireland) currently has a consensus rating of “Hold” and a consensus target price of $97.43.

In related news, EVP Didier P. Teirlinck sold 26,174 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction dated Tuesday, August 15th. The stock was 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 $11,290,206.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Paul A. Camuti sold 6,960 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $89.90, for a total value of $625,704.00. Following the sale, the insider now directly owns 64,979 shares in the company, valued at $5,841,612.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,634 shares of company stock worth $3,099,360. 0.65% of the stock is owned by company insiders.

Ingersoll-Rand PLC (Ireland) Company 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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