Jump Trading LLC bought a new stake in Ingersoll-Rand PLC (NYSE:IR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,373 shares of the industrial products company’s stock, valued at approximately $390,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Calton & Associates Inc. purchased a new position in Ingersoll-Rand in the 4th quarter worth about $112,000. Resources Investment Advisors Inc. increased 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 during the period. Valeo Financial Advisors LLC purchased a new position in Ingersoll-Rand in the 3rd quarter worth about $152,000. Advisory Services Network LLC increased 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 during the period. Finally, Bessemer Group Inc. increased its stake in Ingersoll-Rand by 185.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,967 shares of the industrial products company’s stock worth $175,000 after buying an additional 1,278 shares during the period. 80.74% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ingersoll-Rand PLC (NYSE:IR) opened at $88.52 on Tuesday. Ingersoll-Rand PLC has a 1-year low of $77.26 and a 1-year high of $97.67. The firm has a market cap of $22,360.10, a PE ratio of 17.46, a PEG ratio of 1.92 and a beta of 1.34. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 0.95.
Ingersoll-Rand (NYSE:IR) last released its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.01). The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.52 billion. Ingersoll-Rand had a net margin of 9.17% and a return on equity of 16.91%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.84 earnings per share. sell-side analysts predict that Ingersoll-Rand PLC will post 5.17 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Thursday, March 8th. Ingersoll-Rand’s dividend payout ratio (DPR) is presently 35.50%.
Several research firms recently commented on IR. BMO Capital Markets raised their price target on shares of Ingersoll-Rand to $115.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Stifel Nicolaus increased their target price on shares of Ingersoll-Rand from $101.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Zacks Investment Research upgraded shares of Ingersoll-Rand from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a report on Monday, January 22nd. Barclays initiated coverage on shares of Ingersoll-Rand in a report on Thursday, February 15th. They set an “overweight” rating and a $111.00 target price on the stock. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $99.00 target price on shares of Ingersoll-Rand in a report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. Ingersoll-Rand has an average rating of “Hold” and an average price target of $103.69.
In other Ingersoll-Rand news, insider Paul A. Camuti sold 1,678 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $85.15, for a total transaction of $142,881.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jared L. Cohon sold 2,350 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.40, for a total transaction of $217,140.00. Following the transaction, the director now directly owns 25,766 shares of the company’s stock, valued at $2,380,778.40. The disclosure for this sale can be found here. Insiders sold a total of 280,380 shares of company stock valued at $24,889,306 over the last quarter. 0.63% of the stock is owned by company insiders.
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Ingersoll-Rand 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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