Level Four Advisory Services LLC Sells 2,399 Shares of Ingersoll-Rand PLC (Ireland) (IR)

Level Four Advisory Services LLC cut its position in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 32.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,940 shares of the industrial products company’s stock after selling 2,399 shares during the quarter. Level Four Advisory Services LLC’s holdings in Ingersoll-Rand PLC (Ireland) were worth $404,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Aviva PLC boosted its position in Ingersoll-Rand PLC (Ireland) by 1.1% during the second quarter. Aviva PLC now owns 163,875 shares of the industrial products company’s stock worth $14,982,000 after purchasing an additional 1,850 shares during the period. Amalgamated Bank boosted its position in Ingersoll-Rand PLC (Ireland) by 56.9% during the second quarter. Amalgamated Bank now owns 29,501 shares of the industrial products company’s stock worth $2,696,000 after purchasing an additional 10,702 shares during the period. United Capital Financial Advisers LLC boosted its position in Ingersoll-Rand PLC (Ireland) by 2.4% during the first quarter. United Capital Financial Advisers LLC now owns 8,756 shares of the industrial products company’s stock worth $712,000 after purchasing an additional 207 shares during the period. Nisa Investment Advisors LLC boosted its position in Ingersoll-Rand PLC (Ireland) by 15.1% during the second quarter. Nisa Investment Advisors LLC now owns 43,190 shares of the industrial products company’s stock worth $3,934,000 after purchasing an additional 5,650 shares during the period. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Ingersoll-Rand PLC (Ireland) in the second quarter valued at about $2,321,000. 80.18% of the stock is owned by institutional investors and hedge funds.

Ingersoll-Rand PLC (NYSE:IR) traded up 0.38% during mid-day trading on Friday, hitting $91.00. The stock had a trading volume of 1,003,994 shares. Ingersoll-Rand PLC has a 52 week low of $66.03 and a 52 week high of $96.23. The firm has a market cap of $23.08 billion, a PE ratio of 22.59 and a beta of 1.33. The company’s 50 day moving average price is $90.19 and its 200 day moving average price is $88.77.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last released its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.43 by $0.01. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.71 billion. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.65% and a net margin of 7.47%. Ingersoll-Rand PLC (Ireland)’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the business posted $1.41 EPS. Analysts anticipate that Ingersoll-Rand PLC will post $4.53 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.80 annualized dividend and a yield of 1.99%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is presently 44.89%.

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus reduced their target price on shares of Ingersoll-Rand PLC (Ireland) from $103.00 to $101.00 and set a “buy” rating for the company in a research report on Thursday. Royal Bank Of Canada reduced their target price on shares of Ingersoll-Rand PLC (Ireland) from $93.00 to $91.00 and set a “sector perform” rating for the company in a research report on Thursday. Morgan Stanley cut shares of Ingersoll-Rand PLC (Ireland) from an “overweight” rating to an “equal weight” rating and set a $100.00 target price for the company. in a research report on Friday. UBS AG set a $97.00 target price on shares of Ingersoll-Rand PLC (Ireland) and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research downgraded Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven 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 $99.36.

In other news, Director Richard J. Swift sold 2,500 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $88.03, for a total value of $220,075.00. Following the completion of the sale, the director now owns 65,932 shares of the company’s stock, valued at approximately $5,803,993.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Didier P. Teirlinck sold 26,174 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $86.10, for a total value of $2,253,581.40. Following the completion of the sale, 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. Insiders have sold a total of 53,231 shares of company stock worth $4,796,111 in the last ninety days. Insiders own 0.65% of the company’s stock.

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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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