Gofen & Glossberg LLC IL Has $426,000 Position in Ingersoll-Rand PLC (Ireland) (IR)

Gofen & Glossberg LLC IL boosted its position in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 32.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,238 shares of the industrial products company’s stock after buying an additional 1,290 shares during the period. Gofen & Glossberg LLC IL’s holdings in Ingersoll-Rand PLC (Ireland) were worth $426,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of IR. Savant Capital LLC increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 0.6% in the first quarter. Savant Capital LLC now owns 2,767 shares of the industrial products company’s stock worth $225,000 after buying an additional 16 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in Ingersoll-Rand PLC (Ireland) by 1.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,901 shares of the industrial products company’s stock worth $399,000 after buying an additional 65 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Ingersoll-Rand PLC (Ireland) by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,809 shares of the industrial products company’s stock worth $1,111,000 after buying an additional 74 shares in the last quarter. Huntington National Bank boosted its position in Ingersoll-Rand PLC (Ireland) by 1.7% in the first quarter. Huntington National Bank now owns 4,669 shares of the industrial products company’s stock worth $380,000 after buying an additional 80 shares in the last quarter. Finally, First Manhattan Co. boosted its position in Ingersoll-Rand PLC (Ireland) by 1.9% in the first quarter. First Manhattan Co. now owns 4,261 shares of the industrial products company’s stock worth $289,000 after buying an additional 80 shares in the last quarter. Institutional investors own 82.56% of the company’s stock.

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

Ingersoll-Rand PLC (NYSE IR) traded down 1.323% during mid-day trading on Tuesday, hitting $91.365. 466,570 shares of the stock traded hands. The company has a market cap of $23.39 billion, a price-to-earnings ratio of 16.600 and a beta of 1.30. The stock’s 50 day moving average is $89.14 and its 200-day moving average is $82.10. Ingersoll-Rand PLC has a 12 month low of $59.10 and a 12 month high of $93.17.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its earnings results on Wednesday, April 26th. The industrial products company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.04. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 10.58% and a return on equity of 16.44%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.50 earnings per share. On average, equities research analysts anticipate that Ingersoll-Rand PLC will post $4.51 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 9th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Wednesday, June 7th. Ingersoll-Rand PLC (Ireland)’s payout ratio is 29.09%.

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Several brokerages recently issued reports on IR. Stifel Nicolaus increased their price objective on Ingersoll-Rand PLC (Ireland) from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, April 27th. Zacks Investment Research upgraded Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a report on Thursday, May 18th. Credit Suisse Group restated a “buy” rating and issued a $84.00 target price on shares of Ingersoll-Rand PLC (Ireland) in a research note on Tuesday, April 11th. Royal Bank Of Canada increased their price target on Ingersoll-Rand PLC (Ireland) from $83.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 27th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $100.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a research report on Tuesday, May 2nd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $93.33.

In related news, insider Marcia J. Avedon sold 10,000 shares of the company’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $89.53, for a total transaction of $895,300.00. Following the completion of the transaction, the insider now directly owns 118,297 shares in the company, valued at approximately $10,591,130.41. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Robert Zafari sold 1,483 shares of the business’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $89.59, for a total transaction of $132,861.97. Following the completion of the sale, the executive vice president now directly owns 66,944 shares in the company, valued at approximately $5,997,512.96. The disclosure for this sale can be found here. Insiders sold 21,943 shares of company stock valued at $1,967,606 over the last 90 days. 0.65% of the stock is owned by corporate insiders.

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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