Glenmede Trust Co. NA lifted its holdings in shares of Ingersoll-Rand PLC (NYSE:IR) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,419,908 shares of the industrial products company’s stock after buying an additional 16,698 shares during the period. Glenmede Trust Co. NA owned about 0.57% of Ingersoll-Rand worth $126,640,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of IR. Calton & Associates Inc. acquired a new position in shares of Ingersoll-Rand during the 4th quarter worth about $112,000. Resources Investment Advisors Inc. raised its holdings in shares of Ingersoll-Rand by 218.6% in the 4th quarter. Resources Investment Advisors Inc. now owns 1,354 shares of the industrial products company’s stock valued at $122,000 after purchasing an additional 929 shares during the period. Valeo Financial Advisors LLC bought a new stake in shares of Ingersoll-Rand in the 3rd quarter valued at about $152,000. Advisory Services Network LLC raised its holdings in shares of Ingersoll-Rand by 61.3% in the 4th quarter. Advisory Services Network LLC now owns 1,790 shares of the industrial products company’s stock valued at $160,000 after purchasing an additional 680 shares during the period. Finally, Bessemer Group Inc. raised its holdings in shares of Ingersoll-Rand by 185.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,967 shares of the industrial products company’s stock valued at $175,000 after purchasing an additional 1,278 shares during the period. Institutional investors own 80.76% of the company’s stock.
In other Ingersoll-Rand news, Director Jared L. Cohon sold 2,350 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.40, for a total value of $217,140.00. Following the sale, the director now owns 25,766 shares in the company, valued at $2,380,778.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul A. Camuti sold 1,678 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $85.15, for a total transaction of $142,881.70. The disclosure for this sale can be found here. Insiders have sold a total of 280,380 shares of company stock worth $24,889,306 in the last quarter. 0.63% of the stock is currently owned by company insiders.
Ingersoll-Rand PLC (IR) opened at $90.22 on Friday. Ingersoll-Rand PLC has a fifty-two week low of $77.26 and a fifty-two week high of $97.67. The company has a market cap of $22,070.22, a P/E ratio of 17.79, a PEG ratio of 1.89 and a beta of 1.34. The company has a current ratio of 1.27, a quick ratio of 0.95 and a debt-to-equity ratio of 0.41.
Ingersoll-Rand (NYSE:IR) last announced its earnings results on Wednesday, January 31st. The industrial products company reported $1.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.01). Ingersoll-Rand had a return on equity of 16.91% and a net margin of 9.17%. The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same period in the prior year, the business posted $0.84 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. research analysts predict that Ingersoll-Rand PLC will post 5.17 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.80 annualized dividend and a dividend yield of 2.00%. Ingersoll-Rand’s dividend payout ratio is 35.50%.
A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada reaffirmed a “hold” rating and issued a $99.00 target price on shares of Ingersoll-Rand in a report on Tuesday, February 27th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $106.00 target price on shares of Ingersoll-Rand in a report on Friday, February 16th. Barclays assumed coverage on shares of Ingersoll-Rand in a report on Thursday, February 15th. They issued an “overweight” rating and a $111.00 target price on the stock. Argus upped their target price on shares of Ingersoll-Rand to $105.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Finally, BMO Capital Markets upped their target price on shares of Ingersoll-Rand to $115.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $103.69.
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Ingersoll-Rand 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.
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