GWM Advisors LLC Takes $244,000 Position in Ingersoll-Rand PLC (Ireland) (IR)

GWM Advisors LLC purchased a new stake in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,606 shares of the industrial products company’s stock, valued at approximately $244,000.

Several other institutional investors and hedge funds have also modified their holdings of IR. BlackRock Inc. increased its position in shares of Ingersoll-Rand PLC (Ireland) by 1,560.6% during the first quarter. BlackRock Inc. now owns 17,554,733 shares of the industrial products company’s stock valued at $1,427,553,000 after acquiring an additional 16,497,616 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Ingersoll-Rand PLC (Ireland) by 182.4% during the second quarter. JPMorgan Chase & Co. now owns 11,926,345 shares of the industrial products company’s stock valued at $1,089,950,000 after acquiring an additional 7,702,903 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of Ingersoll-Rand PLC (Ireland) during the second quarter valued at approximately $100,929,000. Janus Henderson Group PLC increased its position in shares of Ingersoll-Rand PLC (Ireland) by 2,075.3% during the second quarter. Janus Henderson Group PLC now owns 716,452 shares of the industrial products company’s stock valued at $65,477,000 after acquiring an additional 683,516 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in shares of Ingersoll-Rand PLC (Ireland) during the first quarter valued at approximately $33,005,000. 80.56% of the stock is owned by institutional investors.

In related news, Director Richard J. Swift sold 2,500 shares of the stock in a transaction dated Monday, August 7th. The shares were 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 owns 65,932 shares of the company’s stock, valued at approximately $5,803,993.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Didier P. Teirlinck sold 26,174 shares of the stock in a transaction dated Tuesday, August 15th. The shares were 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. 0.65% of the stock is owned by corporate insiders.

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A number of research firms have issued reports on IR. Robert W. Baird set a $98.00 target price on Ingersoll-Rand PLC (Ireland) and gave the stock a “hold” rating in a research report on Thursday, August 24th. 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. Wolfe Research began coverage on Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, July 11th. They issued a “market perform” rating for the company. Stifel Nicolaus reissued a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, August 24th. Finally, 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $99.60.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last released its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.49 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $3.78 billion. During the same quarter in the prior year, the firm earned $1.38 EPS. The business’s revenue was up 4.4% on a year-over-year basis.

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

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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