Carnick & Kubik Group LLC Purchases New Holdings in Ingersoll-Rand PLC (IR)

Carnick & Kubik Group LLC purchased a new stake in Ingersoll-Rand PLC (NYSE:IR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 17,200 shares of the industrial products company’s stock, valued at approximately $1,534,000.

Several other large investors have also bought and sold shares of IR. Calton & Associates Inc. bought a new position in shares of Ingersoll-Rand during the 4th quarter worth approximately $112,000. Advisory Services Network LLC raised its stake in shares of Ingersoll-Rand 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 in the last quarter. Resources Investment Advisors Inc. raised its stake in shares of Ingersoll-Rand by 218.6% during the 4th quarter. Resources Investment Advisors Inc. now owns 1,354 shares of the industrial products company’s stock worth $122,000 after acquiring an additional 929 shares in the last quarter. Valeo Financial Advisors LLC bought a new position in shares of Ingersoll-Rand during the 3rd quarter worth approximately $152,000. Finally, Bessemer Group Inc. raised its stake in shares of Ingersoll-Rand 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 in the last quarter. Institutional investors and hedge funds own 81.71% of the company’s stock.

Shares of Ingersoll-Rand PLC (NYSE IR) opened at $90.26 on Wednesday. The company has a market cap of $22,500.00, a price-to-earnings ratio of 17.46, a PEG ratio of 1.91 and a beta of 1.33. The company has a quick ratio of 0.95, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. Ingersoll-Rand PLC has a twelve month low of $77.26 and a twelve month high of $97.67.

Ingersoll-Rand (NYSE:IR) last released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $1.02 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.01). The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.52 billion. Ingersoll-Rand had a net margin of 9.17% and a return on equity of 16.91%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the company earned $0.84 earnings per share. sell-side analysts predict that Ingersoll-Rand PLC will post 5.17 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, March 8th. Ingersoll-Rand’s dividend payout ratio is currently 34.82%.

In related news, Chairman Michael W. Lamach sold 210,508 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $88.28, for a total value of $18,583,646.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jared L. Cohon sold 2,350 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.40, for a total transaction of $217,140.00. Following the completion of the transaction, the director now owns 25,766 shares of the company’s stock, valued at $2,380,778.40. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

Several research firms recently commented on IR. BMO Capital Markets boosted their price objective on shares of Ingersoll-Rand to $115.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Stifel Nicolaus boosted their price objective on shares of Ingersoll-Rand from $101.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Royal Bank of Canada reduced their price objective on shares of Ingersoll-Rand from $93.00 to $91.00 and set a “sector perform” rating for the company in a research note on Thursday, October 26th. Bank of America lowered shares of Ingersoll-Rand from a “buy” rating to a “neutral” rating and set a $96.00 price objective for the company. in a research note on Tuesday, October 17th. Finally, Zacks Investment Research upgraded shares of Ingersoll-Rand from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research note on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $102.92.

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Ingersoll-Rand 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.

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Institutional Ownership by Quarter for Ingersoll-Rand (NYSE:IR)

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