Ingersoll-Rand PLC (Ireland) (IR) Position Lifted by Stifel Financial Corp

Stifel Financial Corp boosted its position in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 8.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,906 shares of the industrial products company’s stock after purchasing an additional 7,057 shares during the quarter. Stifel Financial Corp’s holdings in Ingersoll-Rand PLC (Ireland) were worth $7,740,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Salem Investment Counselors Inc. boosted its stake in Ingersoll-Rand PLC (Ireland) by 0.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 21,737 shares of the industrial products company’s stock valued at $1,987,000 after purchasing an additional 62 shares during the period. Calamos Advisors LLC boosted its stake in Ingersoll-Rand PLC (Ireland) by 1.5% in the 2nd quarter. Calamos Advisors LLC now owns 4,685 shares of the industrial products company’s stock valued at $428,000 after purchasing an additional 70 shares during the period. MML Investors Services LLC boosted its stake in Ingersoll-Rand PLC (Ireland) by 1.5% in the 2nd quarter. MML Investors Services LLC now owns 5,365 shares of the industrial products company’s stock valued at $490,000 after purchasing an additional 79 shares during the period. Conning Inc. boosted its stake in Ingersoll-Rand PLC (Ireland) by 1.5% in the 2nd quarter. Conning Inc. now owns 6,211 shares of the industrial products company’s stock valued at $568,000 after purchasing an additional 89 shares during the period. Finally, Parallel Advisors LLC boosted its stake in Ingersoll-Rand PLC (Ireland) by 5.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,103 shares of the industrial products company’s stock valued at $185,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 82.87% of the company’s stock.

In other news, insider Marcia J. Avedon sold 10,460 shares of the business’s stock in a transaction 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 transaction, the insider now owns 111,637 shares of the company’s stock, valued at approximately $10,493,878. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Paul A. Camuti sold 14,097 shares of the business’s stock in a transaction 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 transaction, the senior vice president now directly owns 66,439 shares of the company’s stock, valued at approximately $6,311,705. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by insiders.

Ingersoll-Rand PLC (NYSE IR) traded up $0.75 during trading on Thursday, hitting $87.13. The stock had a trading volume of 1,992,300 shares, compared to its average volume of 1,734,703. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 0.89. Ingersoll-Rand PLC has a 12 month low of $74.35 and a 12 month high of $96.23. The firm has a market cap of $21,583.59, a PE ratio of 19.90, a P/E/G ratio of 2.08 and a beta of 1.35.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its quarterly earnings results 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. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.65% and a net margin of 7.47%. The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the previous year, the firm earned $1.41 EPS. Ingersoll-Rand PLC (Ireland)’s revenue was up 2.9% on a year-over-year basis. research analysts anticipate that Ingersoll-Rand PLC will post 4.51 earnings per share for the current year.

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.07%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is currently 44.89%.

A number of analysts have recently weighed in on the company. Robert W. Baird set a $98.00 target price on Ingersoll-Rand PLC (Ireland) and gave the company a “hold” rating in a research report on Thursday, August 24th. Stifel Nicolaus reiterated a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, August 24th. Royal Bank of Canada cut their target price on 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, October 26th. Citigroup upped their target price on Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, October 9th. Finally, Zacks Investment Research upgraded Ingersoll-Rand PLC (Ireland) from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $99.18.

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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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