NWQ Investment Management Company LLC Has $62.78 Million Position in Ingersoll-Rand PLC (Ireland) (IR)

NWQ Investment Management Company LLC reduced its holdings in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 15.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 704,053 shares of the industrial products company’s stock after selling 131,117 shares during the period. NWQ Investment Management Company LLC owned approximately 0.28% of Ingersoll-Rand PLC (Ireland) worth $62,780,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Ingersoll-Rand PLC (Ireland) by 1.5% in the second quarter. Vanguard Group Inc. now owns 16,727,145 shares of the industrial products company’s stock valued at $1,528,695,000 after buying an additional 245,210 shares during the period. JPMorgan Chase & Co. lifted its holdings in Ingersoll-Rand PLC (Ireland) by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 12,144,210 shares of the industrial products company’s stock valued at $1,070,876,000 after buying an additional 217,865 shares during the period. Ameriprise Financial Inc. raised its holdings in Ingersoll-Rand PLC (Ireland) by 1.2% in the third quarter. Ameriprise Financial Inc. now owns 5,874,474 shares of the industrial products company’s stock worth $523,825,000 after purchasing an additional 70,636 shares during the period. TIAA CREF Investment Management LLC raised its holdings in Ingersoll-Rand PLC (Ireland) by 0.6% in the second quarter. TIAA CREF Investment Management LLC now owns 2,847,766 shares of the industrial products company’s stock worth $260,257,000 after purchasing an additional 17,055 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Ingersoll-Rand PLC (Ireland) by 5.9% in the third quarter. Victory Capital Management Inc. now owns 1,741,228 shares of the industrial products company’s stock worth $155,265,000 after purchasing an additional 97,058 shares during the period. Institutional investors and hedge funds own 82.87% of the company’s stock.

Shares of Ingersoll-Rand PLC (NYSE:IR) traded down $0.54 during mid-day trading on Wednesday, hitting $84.58. 2,005,600 shares of the stock traded hands, compared to its average volume of 1,727,797. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 0.89. Ingersoll-Rand PLC has a 52 week low of $74.35 and a 52 week high of $96.23. The company has a market capitalization of $21,268.76, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 2.05 and a beta of 1.35.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, December 7th. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is 44.89%.

In other news, SVP Paul A. Camuti sold 14,097 shares of the stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $95.00, for a total transaction of $1,339,215.00. Following the completion of the sale, the senior vice president now owns 66,439 shares of the company’s stock, valued at $6,311,705. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Marcia J. Avedon sold 10,460 shares of the stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $94.00, for a total transaction of $983,240.00. Following the sale, the insider now directly owns 111,637 shares of the company’s stock, valued at approximately $10,493,878. The disclosure for this sale can be found here. 0.63% of the stock is owned by corporate insiders.

Several research firms have weighed in on IR. Citigroup increased their target price on shares of Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Stifel Nicolaus cut their target price on shares of 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 target price on shares of 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 lowered shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 target price on the stock. in a report on Tuesday, October 17th. Finally, Morgan Stanley lowered shares of Ingersoll-Rand PLC (Ireland) from an “overweight” rating to an “equal weight” rating and set a $98.00 target price on the stock. in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. Ingersoll-Rand PLC (Ireland) presently has an average rating of “Hold” and a consensus target price of $99.18.

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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.

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

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