Ingersoll-Rand PLC (Ireland) (IR) Shares Bought by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA grew its stake in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 36.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 185,129 shares of the industrial products company’s stock after purchasing an additional 49,677 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.07% of Ingersoll-Rand PLC (Ireland) worth $16,508,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in IR. Advisory Services Network LLC raised its holdings in Ingersoll-Rand PLC (Ireland) by 19.5% during the second quarter. Advisory Services Network LLC now owns 1,304 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 213 shares in the last quarter. Acrospire Investment Management LLC raised its holdings 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 purchasing an additional 1,000 shares in the last quarter. Harfst & Associates Inc. raised its holdings 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 purchasing an additional 482 shares in the last quarter. Bessemer Group Inc. raised its holdings in Ingersoll-Rand PLC (Ireland) by 185.5% during the third quarter. Bessemer Group Inc. now owns 1,967 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 1,278 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings 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 purchasing an additional 100 shares in the last quarter. 82.52% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Ingersoll-Rand PLC (Ireland) (IR) Shares Bought by BNP Paribas Arbitrage SA” was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this story on another domain, it was copied illegally and republished in violation of United States and international copyright laws. The legal version of this story can be viewed at https://www.chaffeybreeze.com/2017/11/13/ingersoll-rand-plc-ireland-ir-shares-bought-by-bnp-paribas-arbitrage-sa.html.

A number of equities analysts have recently commented on the stock. UBS AG set a $97.00 target price on shares of Ingersoll-Rand PLC (Ireland) and gave the company a “buy” rating in a report on Thursday, July 27th. ValuEngine cut shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $93.00 target price (up from $90.00) on shares of Ingersoll-Rand PLC (Ireland) in a report on Thursday, July 27th. BidaskClub cut shares of Ingersoll-Rand PLC (Ireland) from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, Zacks Investment Research raised shares of Ingersoll-Rand PLC (Ireland) from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. Ingersoll-Rand PLC (Ireland) has a consensus rating of “Hold” and a consensus target price of $99.18.

Shares of Ingersoll-Rand PLC (NYSE:IR) traded up $0.55 on Monday, reaching $84.96. 1,386,000 shares of the company’s stock traded hands, compared to its average volume of 1,729,175. The company has a quick ratio of 0.89, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. The firm has a market cap of $21,228.78, a PE ratio of 19.58, a P/E/G ratio of 2.05 and a beta of 1.37. Ingersoll-Rand PLC has a 12 month low of $74.02 and a 12 month high of $96.23.

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

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

In other Ingersoll-Rand PLC (Ireland) news, EVP Didier P. Teirlinck sold 26,174 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were 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 directly owns 131,129 shares in the company, valued at approximately $11,290,206.90. The sale 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 business’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $95.00, for a total transaction of $1,339,215.00. Following the sale, the senior vice president now owns 66,439 shares in the company, valued at $6,311,705. The disclosure for this sale can be found here. Insiders sold a total of 50,731 shares of company stock worth $4,576,036 over the last three months. 0.65% of the stock is currently owned by corporate insiders.

Ingersoll-Rand PLC (Ireland) 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.

Want to see what other hedge funds are holding IR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingersoll-Rand PLC (Ireland) (NYSE:IR).

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

Receive News & Ratings for Ingersoll-Rand PLC (Ireland) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingersoll-Rand PLC (Ireland) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply