Thomas White International Ltd. acquired a new position in shares of Ingersoll-Rand PLC (NYSE:IR) in the 4th quarter, Holdings Channel reports. The firm acquired 5,000 shares of the industrial products company’s stock, valued at approximately $446,000.
A number of other large investors have also recently made changes to their positions in the business. Bank of Nova Scotia grew its position in shares of Ingersoll-Rand by 3.4% during the 2nd quarter. Bank of Nova Scotia now owns 6,136 shares of the industrial products company’s stock worth $561,000 after buying an additional 200 shares during the period. Advisory Services Network LLC grew its position in shares of Ingersoll-Rand by 19.5% during the 2nd quarter. Advisory Services Network LLC now owns 1,304 shares of the industrial products company’s stock worth $119,000 after buying an additional 213 shares during the period. Penserra Capital Management LLC grew its position in shares of Ingersoll-Rand by 18.6% during the 4th quarter. Penserra Capital Management LLC now owns 3,640 shares of the industrial products company’s stock worth $324,000 after buying an additional 572 shares during the period. Andra AP fonden grew its position in shares of Ingersoll-Rand by 0.9% during the 3rd quarter. Andra AP fonden now owns 70,100 shares of the industrial products company’s stock worth $6,251,000 after buying an additional 600 shares during the period. Finally, New Mexico Educational Retirement Board grew its position in shares of Ingersoll-Rand by 2.5% during the 4th quarter. New Mexico Educational Retirement Board now owns 24,398 shares of the industrial products company’s stock worth $2,176,000 after buying an additional 600 shares during the period. 78.90% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on the company. Stifel Nicolaus restated a “buy” rating and set a $106.00 target price on shares of Ingersoll-Rand in a research report on Friday. Barclays assumed coverage on Ingersoll-Rand in a research report on Thursday, February 15th. They set an “overweight” rating and a $111.00 target price for the company. Argus boosted their target price on Ingersoll-Rand to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. BMO Capital Markets boosted their target price on Ingersoll-Rand to $115.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research lowered Ingersoll-Rand from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. Ingersoll-Rand has a consensus rating of “Hold” and a consensus price target of $103.08.
Ingersoll-Rand PLC (IR) opened at $91.18 on Tuesday. 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 PLC has a 12-month low of $77.26 and a 12-month high of $97.67. The stock has a market capitalization of $22,747.42, a P/E ratio of 17.95, a P/E/G ratio of 1.95 and a beta of 1.33.
Ingersoll-Rand (NYSE:IR) last issued its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.01). Ingersoll-Rand had a net margin of 9.17% and a return on equity of 16.91%. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.52 billion. During the same quarter in the prior year, the firm posted $0.84 earnings per share. Ingersoll-Rand’s revenue for the quarter was up 7.7% compared to the same quarter last year. research analysts anticipate that Ingersoll-Rand PLC will post 5.17 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.80 annualized dividend and a dividend yield of 1.97%. Ingersoll-Rand’s dividend payout ratio is presently 35.50%.
In other Ingersoll-Rand news, Chairman Michael W. Lamach sold 210,508 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $88.28, for a total value of $18,583,646.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jared L. Cohon sold 2,350 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.40, for a total value of $217,140.00. Following the completion of the sale, the director now owns 25,766 shares in the company, valued at approximately $2,380,778.40. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by 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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