Ingersoll-Rand PLC (Ireland) (NYSE:IR) Holdings Reduced by WINTON GROUP Ltd

WINTON GROUP Ltd lowered its holdings in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 87.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,293 shares of the industrial products company’s stock after selling 139,321 shares during the quarter. WINTON GROUP Ltd’s holdings in Ingersoll-Rand PLC (Ireland) were worth $1,855,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Aviva PLC lifted its holdings in shares of Ingersoll-Rand PLC (Ireland) by 1.1% in the 2nd quarter. Aviva PLC now owns 163,875 shares of the industrial products company’s stock worth $14,982,000 after buying an additional 1,850 shares during the period. Amalgamated Bank lifted its holdings in shares of Ingersoll-Rand PLC (Ireland) by 56.9% in the 2nd quarter. Amalgamated Bank now owns 29,501 shares of the industrial products company’s stock worth $2,696,000 after buying an additional 10,702 shares during the period. United Capital Financial Advisers LLC lifted its holdings in shares of Ingersoll-Rand PLC (Ireland) by 2.4% in the 1st quarter. United Capital Financial Advisers LLC now owns 8,756 shares of the industrial products company’s stock worth $712,000 after buying an additional 207 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Ingersoll-Rand PLC (Ireland) by 15.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 43,190 shares of the industrial products company’s stock worth $3,934,000 after buying an additional 5,650 shares during the period. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Ingersoll-Rand PLC (Ireland) in the 2nd quarter worth $2,321,000. Institutional investors own 80.18% of the company’s stock.

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Several brokerages have weighed in on IR. Wolfe Research began coverage on Ingersoll-Rand PLC (Ireland) in a report on Tuesday, July 11th. They issued a “market perform” rating for the company. Credit Suisse Group reiterated a “buy” rating and issued a $105.00 target price on shares of Ingersoll-Rand PLC (Ireland) in a report on Tuesday, July 11th. Zacks Investment Research cut Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Citigroup Inc. upped their price objective on Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the stock a “buy” rating in a research note on Monday, October 9th. Finally, Stifel Nicolaus decreased their price objective on Ingersoll-Rand PLC (Ireland) from $103.00 to $101.00 and set a “buy” rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $99.36.

In other news, SVP Paul A. Camuti sold 14,097 shares of the firm’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $95.00, for a total transaction of $1,339,215.00. Following the transaction, the senior vice president now owns 66,439 shares in the company, valued at approximately $6,311,705. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard J. Swift sold 2,500 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $88.03, for a total transaction of $220,075.00. Following the transaction, the director now owns 65,932 shares in the company, valued at approximately $5,803,993.96. The disclosure for this sale can be found here. Insiders have sold a total of 53,231 shares of company stock valued at $4,796,111 in the last three months. Company insiders own 0.65% of the company’s stock.

Shares of Ingersoll-Rand PLC (IR) traded up 0.54% on Friday, hitting $91.15. The stock had a trading volume of 2,440,217 shares. The stock has a 50 day moving average price of $90.19 and a 200-day moving average price of $88.77. The company has a market cap of $23.12 billion, a price-to-earnings ratio of 22.63 and a beta of 1.33. Ingersoll-Rand PLC has a 12-month low of $66.03 and a 12-month high of $96.23.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.01. The firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.71 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 7.47% and a return on equity of 16.65%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $1.41 EPS. On average, equities analysts expect 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 paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis 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 currently 44.89%.

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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