Csenge Advisory Group Buys New Stake in Ingersoll-Rand PLC (Ireland) (NYSE:IR)

Csenge Advisory Group acquired a new position in Ingersoll-Rand PLC (Ireland) (NYSE:IR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,372 shares of the industrial products company’s stock, valued at approximately $568,000.

A number of other hedge funds also recently made changes to their positions in the stock. Advisory Services Network LLC boosted its stake in shares of Ingersoll-Rand PLC (Ireland) by 19.5% in the second quarter. Advisory Services Network LLC now owns 1,304 shares of the industrial products company’s stock worth $119,000 after acquiring an additional 213 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in 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 worth $128,000 after buying an additional 1,000 shares during the last quarter. Harfst & Associates Inc. boosted its stake in 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 worth $144,000 after buying an additional 482 shares during the last quarter. Parallel Advisors LLC boosted its stake in 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 worth $185,000 after buying an additional 100 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. boosted its stake in 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 worth $192,000 after buying an additional 131 shares during the last quarter. Institutional investors own 82.52% of the company’s stock.

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

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In other news, EVP Didier P. Teirlinck sold 26,174 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was 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 owns 131,129 shares in the company, valued at $11,290,206.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $95.00, for a total value of $1,339,215.00. Following the sale, 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. In the last quarter, insiders have sold 50,731 shares of company stock worth $4,576,036. 0.65% of the stock is owned by insiders.

Shares of Ingersoll-Rand PLC (NYSE:IR) traded up $0.55 during mid-day trading on Monday, hitting $84.96. The stock had a trading volume of 1,386,000 shares, compared to its average volume of 1,729,175. Ingersoll-Rand PLC has a fifty-two week low of $74.02 and a fifty-two week high of $96.23. The stock has a market cap of $21,228.78, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 2.05 and a beta of 1.37. The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.43.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Thursday, December 7th. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is presently 44.89%.

About Ingersoll-Rand PLC (Ireland)

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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