Flinton Capital Management LLC decreased its stake in Ingersoll-Rand PLC (NYSE:IR) by 31.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,984 shares of the industrial products company’s stock after selling 12,640 shares during the period. Flinton Capital Management LLC’s holdings in Ingersoll-Rand were worth $2,496,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of IR. Cornerstone Capital Management Holdings LLC. boosted its holdings in Ingersoll-Rand by 5.8% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 46,977 shares of the industrial products company’s stock worth $4,189,000 after acquiring an additional 2,572 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in Ingersoll-Rand by 93.8% in the fourth quarter. Two Sigma Advisers LP now owns 1,359,677 shares of the industrial products company’s stock worth $121,270,000 after acquiring an additional 658,213 shares in the last quarter. Ellington Management Group LLC bought a new position in Ingersoll-Rand in the fourth quarter worth approximately $285,000. HPM Partners LLC boosted its holdings in Ingersoll-Rand by 16.7% in the fourth quarter. HPM Partners LLC now owns 6,779 shares of the industrial products company’s stock worth $605,000 after acquiring an additional 969 shares in the last quarter. Finally, Baker Avenue Asset Management LP boosted its holdings in Ingersoll-Rand by 11.7% in the fourth quarter. Baker Avenue Asset Management LP now owns 11,062 shares of the industrial products company’s stock worth $987,000 after acquiring an additional 1,163 shares in the last quarter. 80.76% of the stock is owned by institutional investors.
A number of research firms have recently weighed in on IR. Zacks Investment Research lowered Ingersoll-Rand from a “hold” rating to a “sell” rating in a report on Tuesday. Stifel Nicolaus reiterated a “buy” rating and set a $94.00 price target on shares of Ingersoll-Rand in a report on Wednesday. BMO Capital Markets lifted their price target on Ingersoll-Rand to $115.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Argus lifted their price target on Ingersoll-Rand to $105.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Finally, Barclays started coverage on Ingersoll-Rand in a report on Thursday, February 15th. They set an “overweight” rating and a $111.00 price target on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $102.77.
Shares of NYSE IR traded down $2.68 during midday trading on Friday, reaching $83.19. The company had a trading volume of 1,848,969 shares, compared to its average volume of 1,395,215. Ingersoll-Rand PLC has a one year low of $81.25 and a one year high of $97.67. The company has a current ratio of 1.27, a quick ratio of 0.95 and a debt-to-equity ratio of 0.41. The firm has a market cap of $21,457.99, a PE ratio of 18.45, a price-to-earnings-growth ratio of 1.58 and a beta of 1.34.
Ingersoll-Rand (NYSE:IR) last released its earnings results on Wednesday, January 31st. The industrial products company reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.01). Ingersoll-Rand had a net margin of 9.17% and a return on equity of 16.91%. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.52 billion. During the same period last year, the firm posted $0.84 EPS. The company’s revenue was up 7.7% on a year-over-year basis. equities research analysts forecast that Ingersoll-Rand PLC will post 5.16 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 8th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, June 7th. This represents a $1.80 dividend on an annualized basis and a yield of 2.16%. Ingersoll-Rand’s dividend payout ratio is presently 39.91%.
In related news, Director Jared L. Cohon sold 2,350 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was 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 approximately $2,380,778.40. The transaction 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 company’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 value of $142,881.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,872 shares of company stock worth $6,305,659. 0.63% of the stock is owned by company insiders.
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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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