Ingersoll-Rand PLC (Ireland) (IR) Shares Sold by Exxonmobil Investment Management Inc. TX

Exxonmobil Investment Management Inc. TX lessened its stake in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 14.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,730 shares of the industrial products company’s stock after selling 6,593 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Ingersoll-Rand PLC (Ireland) were worth $3,544,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Salem Investment Counselors Inc. increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 0.3% in the second quarter. Salem Investment Counselors Inc. now owns 21,737 shares of the industrial products company’s stock worth $1,987,000 after purchasing an additional 62 shares in the last quarter. MML Investors Services LLC increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 1.5% in the second quarter. MML Investors Services LLC now owns 5,365 shares of the industrial products company’s stock worth $490,000 after purchasing an additional 79 shares in the last quarter. People s United Financial Inc. increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 5.3% in the second quarter. People s United Financial Inc. now owns 2,578 shares of the industrial products company’s stock worth $236,000 after purchasing an additional 130 shares in the last quarter. Cookson Peirce & Co. Inc. increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 1.9% in the second quarter. Cookson Peirce & Co. Inc. now owns 7,375 shares of the industrial products company’s stock worth $674,000 after purchasing an additional 140 shares in the last quarter. Finally, Bank of Nova Scotia increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 3.4% in the second quarter. Bank of Nova Scotia now owns 6,136 shares of the industrial products company’s stock worth $561,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

In other Ingersoll-Rand PLC (Ireland) news, SVP Paul A. Camuti sold 14,097 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction that occurred 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 directly owns 66,439 shares in the company, valued at $6,311,705. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Marcia J. Avedon sold 10,460 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $94.00, for a total transaction of $983,240.00. Following the sale, the insider now owns 111,637 shares of the company’s stock, valued at $10,493,878. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 235,065 shares of company stock valued at $20,906,101. 0.63% of the stock is currently owned by company insiders.

Several research firms have recently weighed in on IR. ValuEngine downgraded shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of Ingersoll-Rand PLC (Ireland) from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. Morgan Stanley lifted their target price on shares of Ingersoll-Rand PLC (Ireland) from $94.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, September 25th. Bank of America downgraded shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 target price for the company. in a research note on Tuesday, October 17th. Finally, Royal Bank of Canada reduced their target price on shares of Ingersoll-Rand PLC (Ireland) from $93.00 to $91.00 and set a “sector perform” rating for the company in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. Ingersoll-Rand PLC (Ireland) has an average rating of “Hold” and a consensus target price of $99.18.

Ingersoll-Rand PLC (NYSE:IR) opened at $91.10 on Friday. 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 1 year low of $75.20 and a 1 year high of $96.23. The company has a market cap of $22,985.35, a P/E ratio of 21.20, a PEG ratio of 1.97 and a beta of 1.35.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last released its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $3.71 billion. During the same period last year, the business earned $1.41 earnings per share. Ingersoll-Rand PLC (Ireland)’s revenue was up 2.9% compared to the same quarter last year. analysts predict that Ingersoll-Rand PLC will post 4.51 EPS for the current fiscal year.

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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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