Ingersoll-Rand PLC (Ireland) (IR) Stake Increased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 7.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 194,712 shares of the industrial products company’s stock after acquiring an additional 13,002 shares during the period. Envestnet Asset Management Inc. owned about 0.08% of Ingersoll-Rand PLC (Ireland) worth $17,362,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in IR. Russell Investments Group Ltd. grew its stake in Ingersoll-Rand PLC (Ireland) by 10.9% in the second quarter. Russell Investments Group Ltd. now owns 139,187 shares of the industrial products company’s stock worth $12,729,000 after purchasing an additional 13,634 shares in the last quarter. CIBC Asset Management Inc grew its stake in Ingersoll-Rand PLC (Ireland) by 1.8% in the second quarter. CIBC Asset Management Inc now owns 16,108 shares of the industrial products company’s stock worth $1,472,000 after purchasing an additional 286 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Ingersoll-Rand PLC (Ireland) by 443.3% in the second quarter. Daiwa Securities Group Inc. now owns 40,444 shares of the industrial products company’s stock worth $3,696,000 after purchasing an additional 33,000 shares in the last quarter. IFP Advisors Inc grew its stake in Ingersoll-Rand PLC (Ireland) by 6.9% in the second quarter. IFP Advisors Inc now owns 5,073 shares of the industrial products company’s stock worth $464,000 after purchasing an additional 327 shares in the last quarter. Finally, Advisor Partners LLC grew its stake in Ingersoll-Rand PLC (Ireland) by 2.9% in the second quarter. Advisor Partners LLC now owns 5,935 shares of the industrial products company’s stock worth $542,000 after purchasing an additional 165 shares in the last quarter. Institutional investors own 82.87% of the company’s stock.

A number of equities analysts recently commented on IR shares. Stifel Nicolaus decreased their price target on Ingersoll-Rand PLC (Ireland) from $103.00 to $98.00 and set a “buy” rating for the company in a research note on Wednesday, September 13th. Bank of America downgraded Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 price target for the company. in a research note on Tuesday, October 17th. Robert W. Baird set a $98.00 target price on Ingersoll-Rand PLC (Ireland) and gave the company a “hold” rating in a research note on Thursday, August 24th. Zacks Investment Research upgraded Ingersoll-Rand PLC (Ireland) from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, ValuEngine downgraded Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $99.18.

Shares of Ingersoll-Rand PLC (NYSE:IR) traded down $0.54 during mid-day trading on Wednesday, reaching $84.58. The company’s stock had a trading volume of 2,005,600 shares, compared to its average volume of 1,727,797. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.89 and a current ratio of 1.24. Ingersoll-Rand PLC has a 12 month low of $74.35 and a 12 month high of $96.23. The firm has a market capitalization of $21,268.76, a P/E ratio of 19.61, a P/E/G ratio of 2.05 and a beta of 1.35.

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

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

In other news, insider Marcia J. Avedon sold 10,460 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction that occurred 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 owns 111,637 shares of the company’s stock, valued at $10,493,878. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value of $1,339,215.00. Following the sale, the senior vice president now directly owns 66,439 shares in the company, valued at approximately $6,311,705. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

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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.

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

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