Systematic Financial Management LP decreased its stake in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 65.5% during the fourth quarter, Holdings Channel reports. The fund owned 196,173 shares of the company’s stock after selling 372,576 shares during the period. Systematic Financial Management LP’s holdings in Ingersoll-Rand PLC (Ireland) were worth $14,721,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of IR. Apriem Advisors purchased a new position in Ingersoll-Rand PLC (Ireland) during the third quarter valued at about $104,000. Synovus Financial Corp increased its position in Ingersoll-Rand PLC (Ireland) by 175.2% in the third quarter. Synovus Financial Corp now owns 1,544 shares of the company’s stock valued at $105,000 after buying an additional 983 shares during the period. Penserra Capital Management LLC increased its position in Ingersoll-Rand PLC (Ireland) by 100.0% in the third quarter. Penserra Capital Management LLC now owns 1,872 shares of the company’s stock valued at $127,000 after buying an additional 936 shares during the period. Bessemer Group Inc. increased its position in Ingersoll-Rand PLC (Ireland) by 20.1% in the fourth quarter. Bessemer Group Inc. now owns 1,693 shares of the company’s stock valued at $127,000 after buying an additional 283 shares during the period. Finally, Howe & Rusling Inc. increased its position in Ingersoll-Rand PLC (Ireland) by 47.4% in the second quarter. Howe & Rusling Inc. now owns 2,112 shares of the company’s stock valued at $134,000 after buying an additional 679 shares during the period. Institutional investors own 82.76% of the company’s stock.

Institutional Ownership by Quarter for Ingersoll-Rand PLC (Ireland) (NYSE:IR)

Shares of Ingersoll-Rand PLC (NYSE:IR) traded down 0.12% on Friday, reaching $81.00. 641,633 shares of the company traded hands. The firm has a 50-day moving average of $78.42 and a 200-day moving average of $71.92. Ingersoll-Rand PLC has a 52-week low of $51.32 and a 52-week high of $82.17. The company has a market capitalization of $21.02 billion, a PE ratio of 14.35 and a beta of 1.31.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last released its quarterly earnings results on Wednesday, February 1st. The company reported $0.84 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by $0.08. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.70% and a net margin of 10.93%. The business earned $3.36 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the previous year, the company posted $0.94 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities research analysts forecast that Ingersoll-Rand PLC will post $4.47 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 10th will be paid a $0.40 dividend. The ex-dividend date is Wednesday, March 8th. This represents a $1.60 annualized dividend and a dividend yield of 1.97%. Ingersoll-Rand PLC (Ireland)’s payout ratio is 28.42%.

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IR has been the subject of several research reports. Credit Suisse Group reaffirmed a “buy” rating and set a $84.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a research note on Sunday, February 5th. Zacks Investment Research raised Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Friday, November 25th. Royal Bank Of Canada lifted their price target on Ingersoll-Rand PLC (Ireland) from $74.00 to $76.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 27th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a research note on Wednesday, January 25th. Finally, Buckingham Research downgraded Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 16th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $74.58.

In other news, EVP Didier P. Teirlinck sold 3,635 shares of the stock in a transaction on Tuesday, February 14th. The stock was sold at an average price of $81.63, for a total value of $296,725.05. Following the completion of the transaction, the executive vice president now owns 110,069 shares of the company’s stock, valued at $8,984,932.47. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Didier P. Teirlinck sold 7,216 shares of the stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $75.89, for a total value of $547,622.24. Following the completion of the transaction, the executive vice president now directly owns 110,695 shares of the company’s stock, valued at approximately $8,400,643.55. The disclosure for this sale can be found here. In the last three months, insiders sold 26,711 shares of company stock valued at $2,137,889. Company 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.

5 Day Chart for NYSE:IR

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