Ingersoll-Rand PLC (Ireland) (IR) Position Reduced by Oakbrook Investments LLC

Oakbrook Investments LLC reduced its position in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 8.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 18,291 shares of the industrial products company’s stock after selling 1,610 shares during the period. Oakbrook Investments LLC’s holdings in Ingersoll-Rand PLC (Ireland) were worth $1,672,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IR. Savant Capital LLC boosted its position in 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 worth $225,000 after buying an additional 16 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised 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 worth $502,000 after buying an additional 17 shares during the last quarter. Zions Bancorporation raised 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 worth $163,000 after buying an additional 22 shares during the last quarter. Creative Planning raised 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 worth $893,000 after buying an additional 32 shares during the last quarter. Finally, Cleararc Capital Inc. raised its stake in shares of Ingersoll-Rand PLC (Ireland) by 0.9% in the first quarter. Cleararc Capital Inc. now owns 6,345 shares of the industrial products company’s stock worth $516,000 after buying an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 82.32% of the company’s stock.

Ingersoll-Rand PLC (NYSE IR) traded down 0.55% during trading on Friday, reaching $91.67. The company had a trading volume of 1,198,973 shares. The stock has a 50 day moving average price of $91.05 and a 200-day moving average price of $84.45. Ingersoll-Rand PLC has a 52-week low of $62.40 and a 52-week high of $94.39. The company has a market capitalization of $23.47 billion, a PE ratio of 16.66 and a beta of 1.32.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last released its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.04. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 10.58% and a return on equity of 16.44%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 EPS. On average, equities research analysts anticipate that Ingersoll-Rand PLC will post $4.53 earnings per share for the current fiscal year.

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A number of analysts have issued reports on the company. Zacks Investment Research lowered Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Wolfe Research assumed coverage on Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Finally, Credit Suisse Group AG reissued a “buy” rating and issued a $105.00 target price on shares of Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, July 11th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $96.83.

In related news, insider Paul A. Camuti sold 6,960 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $89.90, for a total transaction of $625,704.00. Following the completion of the sale, the insider now owns 64,979 shares of the company’s stock, valued at approximately $5,841,612.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Robert Zafari sold 1,483 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $5,997,512.96. The disclosure for this sale can be found here. Insiders sold a total of 21,943 shares of company stock valued at $1,967,606 in the last three months. 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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