Allianz Asset Management GmbH Has $34.19 Million Holdings in Ingersoll-Rand PLC (Ireland) (IR)

Allianz Asset Management GmbH grew its stake in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 114.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 383,433 shares of the industrial products company’s stock after acquiring an additional 204,940 shares during the period. Allianz Asset Management GmbH owned about 0.15% of Ingersoll-Rand PLC (Ireland) worth $34,191,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Salem Investment Counselors Inc. raised its stake in Ingersoll-Rand PLC (Ireland) by 0.3% in the second quarter. Salem Investment Counselors Inc. now owns 21,737 shares of the industrial products company’s stock worth $1,987,000 after buying an additional 62 shares in the last quarter. Calamos Advisors LLC raised its stake in Ingersoll-Rand PLC (Ireland) by 1.5% in the second quarter. Calamos Advisors LLC now owns 4,685 shares of the industrial products company’s stock worth $428,000 after buying an additional 70 shares in the last quarter. MML Investors Services LLC raised its stake in Ingersoll-Rand PLC (Ireland) by 1.5% in the second quarter. MML Investors Services LLC now owns 5,365 shares of the industrial products company’s stock worth $490,000 after buying an additional 79 shares in the last quarter. Conning Inc. raised its stake in Ingersoll-Rand PLC (Ireland) by 1.5% in the second quarter. Conning Inc. now owns 6,211 shares of the industrial products company’s stock worth $568,000 after buying an additional 89 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in Ingersoll-Rand PLC (Ireland) by 5.0% in the second quarter. Parallel Advisors LLC now owns 2,103 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 100 shares during the last quarter. 82.87% of the stock is owned by hedge funds and other institutional investors.

In other Ingersoll-Rand PLC (Ireland) news, SVP Paul A. Camuti sold 14,097 shares of the company’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $95.00, for a total value of $1,339,215.00. Following the sale, the senior vice president now directly owns 66,439 shares of the company’s stock, valued at $6,311,705. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Marcia J. Avedon sold 10,460 shares of the company’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $94.00, for a total transaction of $983,240.00. Following the completion of the sale, the insider now directly owns 111,637 shares in the company, valued at $10,493,878. The disclosure for this sale can be found here. 0.63% of the stock is owned by insiders.

Shares of Ingersoll-Rand PLC (NYSE:IR) opened at $87.61 on Friday. The firm has a market cap of $21,563.60, a price-to-earnings ratio of 19.89, a PEG ratio of 2.08 and a beta of 1.35. The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.43. Ingersoll-Rand PLC has a 1-year low of $74.35 and a 1-year high of $96.23.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.01. The firm had revenue of $3.67 billion for 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 business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.41 earnings per share. analysts predict that Ingersoll-Rand PLC will post 4.51 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Thursday, December 7th. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is presently 44.89%.

Several equities analysts have issued reports on the stock. ValuEngine lowered shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research raised shares of Ingersoll-Rand PLC (Ireland) from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Jefferies Group reaffirmed a “buy” rating and issued a $105.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a report on Tuesday, September 12th. Robert W. Baird set a $98.00 price target on shares of Ingersoll-Rand PLC (Ireland) and gave the stock a “hold” rating in a report on Thursday, August 24th. Finally, Bank of America lowered shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 price target on the stock. in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $99.18.

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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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