Glenmede Trust Co. NA increased its position in shares of Ingersoll-Rand PLC (NYSE:IR) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,419,908 shares of the industrial products company’s stock after purchasing an additional 16,698 shares during the quarter. Glenmede Trust Co. NA owned approximately 0.57% of Ingersoll-Rand worth $126,640,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Calton & Associates Inc. bought a new stake in Ingersoll-Rand during the 4th quarter worth approximately $112,000. Resources Investment Advisors Inc. grew its stake in 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 worth $122,000 after buying an additional 929 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in Ingersoll-Rand in the 3rd quarter worth approximately $152,000. Advisory Services Network LLC grew its stake in 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 worth $160,000 after buying an additional 680 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake 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 in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.
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 sale, the director now directly owns 25,766 shares in the company, valued at $2,380,778.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul A. Camuti sold 1,678 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was 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 69,872 shares of company stock valued at $6,305,659 over the last three months. Insiders own 0.63% of the company’s stock.
Shares of IR stock traded down $2.68 on Friday, reaching $83.19. The company’s stock had a trading volume of 1,848,969 shares, compared to its average volume of 1,395,215. 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 $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 PLC has a 1 year low of $81.25 and a 1 year high of $97.67.
Ingersoll-Rand (NYSE:IR) last posted 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 firm had revenue of $3.62 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 earnings per share. equities analysts predict that Ingersoll-Rand PLC will post 5.16 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 8th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, June 7th. Ingersoll-Rand’s dividend payout ratio is currently 39.91%.
Several research analysts have commented on the stock. Zacks Investment Research lowered shares of Ingersoll-Rand from a “hold” rating to a “sell” rating in a report on Tuesday. Stifel Nicolaus reiterated a “buy” rating and issued a $94.00 price target on shares of Ingersoll-Rand in a research note on Wednesday. BMO Capital Markets increased their price objective on shares of Ingersoll-Rand to $115.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Argus increased their price objective on shares of Ingersoll-Rand to $105.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Finally, Barclays assumed coverage on shares of Ingersoll-Rand in a research report on Thursday, February 15th. They set an “overweight” rating and a $111.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $102.77.
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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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