Nisa Investment Advisors LLC Increases Position in Ingersoll-Rand PLC (Ireland) (NYSE:IR)

Nisa Investment Advisors LLC raised its stake in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 15.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Israel Discount Bank of New York acquired a new position in Ingersoll-Rand PLC (Ireland) during the first quarter valued at about $126,000. Tradewinds Capital Management LLC boosted its position 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 valued at $137,000 after buying an additional 140 shares during the last quarter. Zions Bancorporation boosted its position 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 valued at $163,000 after buying an additional 22 shares during the last quarter. Parallel Advisors LLC boosted its position 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 valued at $178,000 after buying an additional 176 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. boosted its position 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 valued at $192,000 after buying an additional 131 shares during the last quarter. Institutional investors own 80.57% of the company’s stock.

Ingersoll-Rand PLC (IR) traded down 0.33% during midday trading on Friday, reaching $85.18. The company had a trading volume of 1,333,890 shares. Ingersoll-Rand PLC has a 52-week low of $62.40 and a 52-week high of $94.39. The company’s 50 day moving average is $89.50 and its 200-day moving average is $85.83. The company 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 posted 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. The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.78 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 7.60% and a return on equity of 16.64%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.38 earnings per share. Equities analysts expect 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, September 29th. Shareholders of record on Friday, September 8th will be given a $0.45 dividend. This is a positive change from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, September 7th. This represents a $1.80 annualized dividend and a yield of 2.11%. Ingersoll-Rand PLC (Ireland)’s payout ratio is 39.80%.

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Several equities analysts have issued reports on the company. Stifel Nicolaus boosted 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 upgraded Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research report on Thursday, May 18th. Credit Suisse Group reiterated a “buy” rating and set a $105.00 target price on shares of Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, July 11th. Royal Bank Of Canada boosted 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. Finally, BMO Capital Markets restated a “buy” rating and issued a $100.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $97.43.

In related news, insider Paul A. Camuti sold 6,960 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 64,979 shares of the company’s stock, valued at approximately $5,841,612.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Didier P. Teirlinck sold 26,174 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 131,129 shares of the company’s stock, valued at approximately $11,290,206.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,634 shares of company stock worth $3,099,360. 0.65% of the stock is currently 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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