Thomas White International Ltd. acquired a new stake in shares of Ingersoll-Rand PLC (NYSE:IR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,000 shares of the industrial products company’s stock, valued at approximately $446,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Norinchukin Bank The grew its holdings in Ingersoll-Rand by 5.8% during the fourth quarter. Norinchukin Bank The now owns 19,978 shares of the industrial products company’s stock valued at $1,782,000 after purchasing an additional 1,096 shares during the last quarter. FDx Advisors Inc. grew its stake in shares of Ingersoll-Rand by 13.4% in the fourth quarter. FDx Advisors Inc. now owns 6,711 shares of the industrial products company’s stock worth $599,000 after acquiring an additional 791 shares during the last quarter. ARP Americas LP grew its stake in shares of Ingersoll-Rand by 211.4% in the fourth quarter. ARP Americas LP now owns 15,569 shares of the industrial products company’s stock worth $1,389,000 after acquiring an additional 10,569 shares during the last quarter. American International Group Inc. grew its stake in shares of Ingersoll-Rand by 7.0% in the fourth quarter. American International Group Inc. now owns 126,362 shares of the industrial products company’s stock worth $11,270,000 after acquiring an additional 8,269 shares during the last quarter. Finally, Virtus Fund Advisers LLC acquired a new stake in shares of Ingersoll-Rand in the fourth quarter worth $36,653,000. 78.90% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ingersoll-Rand PLC (IR) opened at $91.18 on Tuesday. Ingersoll-Rand PLC has a 52 week low of $77.26 and a 52 week high of $97.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.95 and a current ratio of 1.27. The firm has a market cap of $22,747.42, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 1.95 and a beta of 1.33.
Ingersoll-Rand (NYSE:IR) last posted its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $1.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.01). The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.52 billion. Ingersoll-Rand had a return on equity of 16.91% and a net margin of 9.17%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 EPS. equities analysts forecast that Ingersoll-Rand PLC will post 5.17 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.97%. Ingersoll-Rand’s payout ratio is presently 35.50%.
In related news, Director Jared L. Cohon sold 2,350 shares of Ingersoll-Rand stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.40, for a total value of $217,140.00. Following the completion of the transaction, the director now directly owns 25,766 shares of the company’s stock, valued at $2,380,778.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Michael W. Lamach sold 210,508 shares of Ingersoll-Rand stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $88.28, for a total value of $18,583,646.24. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by company insiders.
Several equities research analysts have recently issued reports on IR shares. Stifel Nicolaus lowered their price objective on shares of Ingersoll-Rand from $103.00 to $101.00 and set a “buy” rating on the stock in a research note on Thursday, October 26th. Robert W. Baird restated a “hold” rating on shares of Ingersoll-Rand in a research note on Friday, November 17th. Zacks Investment Research upgraded shares of Ingersoll-Rand from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research note on Monday, January 22nd. KeyCorp restated a “hold” rating on shares of Ingersoll-Rand in a research note on Sunday, November 19th. Finally, UBS Group started coverage on shares of Ingersoll-Rand in a research note on Monday, January 22nd. They issued a “buy” rating and a $105.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. Ingersoll-Rand has an average rating of “Hold” and a consensus target price of $103.08.
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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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