Ingersoll-Rand PLC (Ireland) (IR) Stake Raised by Country Trust Bank

Country Trust Bank grew its stake in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 1.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 278,846 shares of the industrial products company’s stock after buying an additional 2,660 shares during the period. Country Trust Bank owned 0.11% of Ingersoll-Rand PLC (Ireland) worth $24,865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC raised its position in shares of Ingersoll-Rand PLC (Ireland) by 19.5% during the second quarter. Advisory Services Network LLC now owns 1,304 shares of the industrial products company’s stock valued at $119,000 after buying an additional 213 shares during the last quarter. Acrospire Investment Management LLC raised its position in shares of Ingersoll-Rand PLC (Ireland) by 250.0% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the industrial products company’s stock valued at $128,000 after buying an additional 1,000 shares during the last quarter. Harfst & Associates Inc. raised its position in shares of Ingersoll-Rand PLC (Ireland) by 43.9% during the second quarter. Harfst & Associates Inc. now owns 1,580 shares of the industrial products company’s stock valued at $144,000 after buying an additional 482 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Ingersoll-Rand PLC (Ireland) by 5.0% during the second quarter. Parallel Advisors LLC now owns 2,103 shares of the industrial products company’s stock valued at $185,000 after buying an additional 100 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. raised its position in shares of Ingersoll-Rand PLC (Ireland) by 6.6% during the second quarter. Independent Portfolio Consultants Inc. now owns 2,106 shares of the industrial products company’s stock valued at $192,000 after buying an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 80.71% of the company’s stock.

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A number of research firms recently weighed in on IR. Morgan Stanley lowered shares of Ingersoll-Rand PLC (Ireland) from an “overweight” rating to an “equal weight” rating and set a $98.00 target price for the company. in a report on Friday, October 27th. Royal Bank Of Canada cut their target price on shares of Ingersoll-Rand PLC (Ireland) from $93.00 to $91.00 and set a “sector perform” rating for the company in a report on Thursday, October 26th. Stifel Nicolaus cut their target price on shares of Ingersoll-Rand PLC (Ireland) from $103.00 to $101.00 and set a “buy” rating for the company in a report on Thursday, October 26th. Bank of America Corporation lowered shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 target price for the company. in a report on Tuesday, October 17th. Finally, Citigroup Inc. raised their target price on shares of Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the company a “buy” rating in a report on Monday, October 9th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $99.18.

In other news, SVP Paul A. Camuti sold 14,097 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $95.00, for a total transaction of $1,339,215.00. Following the completion of the sale, the senior vice president now directly owns 66,439 shares of the company’s stock, valued at $6,311,705. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Didier P. Teirlinck sold 26,174 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $86.10, for a total transaction of $2,253,581.40. Following the sale, the executive vice president now directly owns 131,129 shares of the company’s stock, valued at $11,290,206.90. The disclosure for this sale can be found here. Insiders have sold 53,231 shares of company stock valued at $4,796,111 over the last ninety days. 0.65% of the stock is owned by insiders.

Ingersoll-Rand PLC (NYSE:IR) traded down $1.35 during midday trading on Friday, reaching $86.25. 2,991,321 shares of the company’s stock traded hands, compared to its average volume of 1,909,684. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 0.89. The stock has a market capitalization of $21,551.12, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 2.08 and a beta of 1.37. Ingersoll-Rand PLC has a 52 week low of $67.04 and a 52 week high of $96.23.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.43 by $0.01. The company had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.71 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 7.47% and a return on equity of 16.65%. Ingersoll-Rand PLC (Ireland)’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.41 earnings per share. research analysts anticipate that Ingersoll-Rand PLC will post 4.51 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.09%. The ex-dividend date is Thursday, December 7th. Ingersoll-Rand PLC (Ireland)’s payout ratio is 44.89%.

Ingersoll-Rand PLC (Ireland) 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.

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

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