Compagnie Lombard Odier SCmA cut its stake in shares of Ingersoll-Rand PLC (NYSE:IR) by 34.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 186,297 shares of the industrial products company’s stock after selling 99,302 shares during the period. Compagnie Lombard Odier SCmA owned approximately 0.07% of Ingersoll-Rand worth $16,616,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in IR. Nationwide Fund Advisors lifted its position in Ingersoll-Rand by 6.4% during the 3rd quarter. Nationwide Fund Advisors now owns 305,277 shares of the industrial products company’s stock worth $27,222,000 after acquiring an additional 18,233 shares in the last quarter. Bessemer Group Inc. lifted its position in Ingersoll-Rand by 185.5% during the 3rd quarter. Bessemer Group Inc. now owns 1,967 shares of the industrial products company’s stock worth $175,000 after acquiring an additional 1,278 shares in the last quarter. Sei Investments Co. lifted its position in Ingersoll-Rand by 9.4% during the 3rd quarter. Sei Investments Co. now owns 83,040 shares of the industrial products company’s stock worth $7,404,000 after acquiring an additional 7,160 shares in the last quarter. New York State Common Retirement Fund lifted its position in Ingersoll-Rand by 1.0% during the 3rd quarter. New York State Common Retirement Fund now owns 895,812 shares of the industrial products company’s stock worth $79,880,000 after acquiring an additional 9,300 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Ingersoll-Rand by 5.6% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 11,503 shares of the industrial products company’s stock worth $1,026,000 after acquiring an additional 605 shares in the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.
In other Ingersoll-Rand news, Chairman Michael W. Lamach sold 210,508 shares of Ingersoll-Rand stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $88.28, for a total transaction of $18,583,646.24. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jared L. Cohon sold 2,350 shares of Ingersoll-Rand stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.40, for a total value of $217,140.00. Following the sale, the director now owns 25,766 shares in the company, valued at $2,380,778.40. The disclosure for this sale can be found here. Insiders have sold a total of 280,380 shares of company stock worth $24,889,306 over the last 90 days. 0.63% of the stock is owned by company insiders.
Shares of IR stock opened at $88.96 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 0.95 and a debt-to-equity ratio of 0.41. Ingersoll-Rand PLC has a twelve month low of $77.26 and a twelve month high of $97.67. The stock has a market capitalization of $22,360.10, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 1.92 and a beta of 1.34.
Ingersoll-Rand (NYSE:IR) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.01). Ingersoll-Rand had a return on equity of 16.91% and a net margin of 9.17%. The business had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter in the prior year, the firm earned $0.84 earnings per share. Ingersoll-Rand’s revenue for the quarter was up 7.7% compared to the same quarter last year. equities 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. Shareholders of record on Friday, March 9th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.80 annualized dividend and a yield of 2.02%. Ingersoll-Rand’s dividend payout ratio is presently 35.50%.
Several equities analysts recently commented on IR shares. BMO Capital Markets boosted their price target on Ingersoll-Rand to $115.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Stifel Nicolaus reissued a “buy” rating and set a $106.00 price target on shares of Ingersoll-Rand in a research report on Friday, February 16th. Zacks Investment Research raised Ingersoll-Rand from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research report on Monday, January 22nd. Barclays started coverage on Ingersoll-Rand in a research report on Thursday, February 15th. They set an “overweight” rating and a $111.00 price target on the stock. Finally, Royal Bank of Canada reissued a “hold” rating and set a $99.00 price target on shares of Ingersoll-Rand in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $103.69.
TRADEMARK VIOLATION WARNING: This piece of content was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://ledgergazette.com/2018/03/21/compagnie-lombard-odier-scma-sells-99302-shares-of-ingersoll-rand-plc-ir.html.
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.
Receive News & Ratings for Ingersoll-Rand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingersoll-Rand and related companies with MarketBeat.com's FREE daily email newsletter.