Investors Sell Shares of Ingersoll-Rand (IR) on Strength (IR)

Investors sold shares of Ingersoll-Rand PLC (NYSE:IR) on strength during trading hours on Monday. $11.76 million flowed into the stock on the tick-up and $35.46 million flowed out of the stock on the tick-down, for a money net flow of $23.70 million out of the stock. Of all equities tracked, Ingersoll-Rand had the 33rd highest net out-flow for the day. Ingersoll-Rand traded up $0.08 for the day and closed at $112.87

Several research firms have issued reports on IR. Zacks Investment Research lowered shares of Ingersoll-Rand from a “buy” rating to a “hold” rating in a report on Monday, April 15th. KeyCorp lifted their price target on shares of Ingersoll-Rand from $112.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Bank of America raised shares of Ingersoll-Rand from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $105.00 to $130.00 in a report on Thursday, April 4th. Barclays boosted their price objective on shares of Ingersoll-Rand from $111.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Finally, Wells Fargo & Co lowered shares of Ingersoll-Rand from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $110.00 to $113.00 in a report on Monday, March 18th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $116.20.

The firm has a market cap of $27.33 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 1.67 and a beta of 1.28. The company has a current ratio of 1.33, a quick ratio of 0.94 and a debt-to-equity ratio of 0.53.

Ingersoll-Rand (NYSE:IR) last announced its quarterly earnings data on Wednesday, January 30th. The industrial products company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.03. The firm had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.86 billion. Ingersoll-Rand had a net margin of 8.54% and a return on equity of 19.78%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.02 earnings per share. As a group, analysts anticipate that Ingersoll-Rand PLC will post 6.29 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $2.12 dividend on an annualized basis and a yield of 1.87%. Ingersoll-Rand’s dividend payout ratio is presently 37.79%.

In related news, insider Marcia J. Avedon sold 13,268 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $105.75, for a total transaction of $1,403,091.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Christopher J. Kuehn sold 5,195 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $109.90, for a total transaction of $570,930.50. Following the transaction, the chief accounting officer now owns 25,273 shares of the company’s stock, valued at $2,777,502.70. The disclosure for this sale can be found here. Insiders have sold 242,747 shares of company stock valued at $25,550,072 over the last 90 days. 0.70% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of IR. Citizens Financial Group Inc RI raised its position in shares of Ingersoll-Rand by 93.1% in the fourth quarter. Citizens Financial Group Inc RI now owns 1,014 shares of the industrial products company’s stock worth $93,000 after acquiring an additional 489 shares during the period. Valley National Advisers Inc. raised its position in shares of Ingersoll-Rand by 9.7% in the fourth quarter. Valley National Advisers Inc. now owns 8,201 shares of the industrial products company’s stock worth $748,000 after acquiring an additional 726 shares during the period. Nalls Sherbakoff Group LLC acquired a new position in shares of Ingersoll-Rand in the fourth quarter worth about $46,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Ingersoll-Rand in the first quarter worth about $1,599,000. Finally, Rehmann Capital Advisory Group raised its position in shares of Ingersoll-Rand by 9,536.2% in the third quarter. Rehmann Capital Advisory Group now owns 72,657 shares of the industrial products company’s stock worth $710,000 after acquiring an additional 71,903 shares during the period. Institutional investors own 81.15% of the company’s stock.

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About Ingersoll-Rand (NYSE:IR)

Ingersoll-Rand Plc designs, manufactures, sells, and services industrial and commercial products. The company operates through Climate and Industrial segments. The Climate segment offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality; industrial refrigeration; motor replacements; refrigerant reclamation; thermostats/controls; transport heater products; and water source heat pumps.

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