149,160 Shares in Ingersoll-Rand PLC (Ireland) (IR) Purchased by Stevens Capital Management LP

Stevens Capital Management LP purchased a new position in Ingersoll-Rand PLC (Ireland) (NYSE:IR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 149,160 shares of the industrial products company’s stock, valued at approximately $13,301,000. Stevens Capital Management LP owned approximately 0.06% of Ingersoll-Rand PLC (Ireland) at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. boosted its stake in Ingersoll-Rand PLC (Ireland) by 0.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,885 shares of the industrial products company’s stock worth $264,000 after purchasing an additional 12 shares in the last quarter. Creative Planning boosted its stake in Ingersoll-Rand PLC (Ireland) by 0.3% in the 2nd quarter. Creative Planning now owns 9,769 shares of the industrial products company’s stock worth $893,000 after purchasing an additional 32 shares in the last quarter. Salem Investment Counselors Inc. boosted its stake in Ingersoll-Rand PLC (Ireland) by 0.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 21,737 shares of the industrial products company’s stock worth $1,987,000 after purchasing an additional 62 shares in the last quarter. Calamos Advisors LLC boosted its stake in Ingersoll-Rand PLC (Ireland) by 1.5% in the 2nd quarter. Calamos Advisors LLC now owns 4,685 shares of the industrial products company’s stock worth $428,000 after purchasing an additional 70 shares in the last quarter. Finally, MML Investors Services LLC boosted its stake in Ingersoll-Rand PLC (Ireland) by 1.5% in the 2nd quarter. MML Investors Services LLC now owns 5,365 shares of the industrial products company’s stock worth $490,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 82.14% of the company’s stock.

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In other Ingersoll-Rand PLC (Ireland) news, EVP Didier P. Teirlinck sold 26,174 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $86.10, for a total value of $2,253,581.40. Following the sale, the executive vice president now owns 131,129 shares in the company, valued at $11,290,206.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Paul A. Camuti sold 14,097 shares of the firm’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $95.00, for a total value of $1,339,215.00. Following the transaction, the senior vice president now owns 66,439 shares in the company, valued at approximately $6,311,705. The disclosure for this sale can be found here. Insiders have sold a total of 50,731 shares of company stock worth $4,576,036 in the last 90 days. 0.65% of the stock is currently owned by insiders.

A number of brokerages recently issued reports on IR. Credit Suisse Group reiterated a “buy” rating and issued a $105.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, July 11th. Wolfe Research assumed coverage on Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, July 11th. They issued a “market perform” rating for the company. Zacks Investment Research lowered Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Citigroup Inc. boosted their target price on Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Finally, Stifel Nicolaus decreased their target price on Ingersoll-Rand PLC (Ireland) from $103.00 to $101.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $99.18.

Ingersoll-Rand PLC (NYSE:IR) traded up $0.38 during mid-day trading on Monday, reaching $86.63. The company’s stock had a trading volume of 115,827 shares, compared to its average volume of 1,951,558. Ingersoll-Rand PLC has a 1-year low of $67.04 and a 1-year high of $96.23. The company has a quick ratio of 0.89, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. The company has a market cap of $21,551.11, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 2.08 and a beta of 1.37.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.80 annualized dividend and a yield of 2.08%. Ingersoll-Rand PLC (Ireland)’s payout ratio is presently 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.

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

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