Ingersoll-Rand PLC (Ireland) (IR) Stake Increased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its holdings in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 7.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,982 shares of the industrial products company’s stock after buying an additional 2,351 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Ingersoll-Rand PLC (Ireland) were worth $3,119,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisory Services Network LLC increased its stake in Ingersoll-Rand PLC (Ireland) by 19.5% during the 2nd quarter. Advisory Services Network LLC now owns 1,304 shares of the industrial products company’s stock worth $119,000 after acquiring an additional 213 shares during the period. Acrospire Investment Management LLC increased its stake in Ingersoll-Rand PLC (Ireland) by 250.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the industrial products company’s stock worth $128,000 after acquiring an additional 1,000 shares during the period. Harfst & Associates Inc. increased its stake in Ingersoll-Rand PLC (Ireland) by 43.9% during the 2nd quarter. Harfst & Associates Inc. now owns 1,580 shares of the industrial products company’s stock worth $144,000 after acquiring an additional 482 shares during the period. Bessemer Group Inc. increased its stake in Ingersoll-Rand PLC (Ireland) by 185.5% during the 3rd quarter. Bessemer Group Inc. now owns 1,967 shares of the industrial products company’s stock worth $175,000 after acquiring an additional 1,278 shares during the period. Finally, Parallel Advisors LLC increased its stake in Ingersoll-Rand PLC (Ireland) by 5.0% during the 2nd quarter. Parallel Advisors LLC now owns 2,103 shares of the industrial products company’s stock worth $185,000 after acquiring an additional 100 shares during the period. 82.87% of the stock is owned by institutional investors.

Ingersoll-Rand PLC (NYSE:IR) traded up $1.31 during mid-day trading on Monday, hitting $87.61. The stock had a trading volume of 2,178,700 shares, compared to its average volume of 1,731,597. Ingersoll-Rand PLC has a 1 year low of $74.35 and a 1 year high of $96.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.89 and a current ratio of 1.24. The company has a market cap of $21,890.93, a price-to-earnings ratio of 20.19, a PEG ratio of 2.11 and a beta of 1.35.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.01. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.65% and a net margin of 7.47%. The firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same period last year, the company posted $1.41 EPS. The business’s quarterly revenue was up 2.9% on a year-over-year basis. equities analysts forecast that Ingersoll-Rand PLC will post 4.51 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be given a $0.45 dividend. This represents a $1.80 annualized dividend 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%.

A number of equities research analysts have weighed in on the company. Citigroup raised their target price on Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the company a “buy” rating in a report on Monday, October 9th. Stifel Nicolaus reduced their target price on Ingersoll-Rand PLC (Ireland) from $103.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Royal Bank Of Canada reduced their target price on Ingersoll-Rand PLC (Ireland) from $93.00 to $91.00 and set a “sector perform” rating on the stock in a report on Thursday, October 26th. Bank of America downgraded Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 target price on the stock. in a report on Tuesday, October 17th. Finally, Morgan Stanley downgraded Ingersoll-Rand PLC (Ireland) from an “overweight” rating to an “equal weight” rating and set a $98.00 price objective on the stock. in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $99.18.

In other Ingersoll-Rand PLC (Ireland) news, insider Marcia J. Avedon sold 10,460 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The stock was 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 of the company’s stock, valued at approximately $10,493,878. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Paul A. Camuti sold 14,097 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The stock was 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 disclosure for this sale can be found here. Company insiders own 0.63% of the company’s stock.

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Ingersoll-Rand PLC (Ireland) Company 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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