Capital Fund Management S.A. grew its position in shares of Ingersoll-Rand PLC (NYSE:IR) by 47.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 295,804 shares of the industrial products company’s stock after buying an additional 94,800 shares during the quarter. Capital Fund Management S.A.’s holdings in Ingersoll-Rand were worth $26,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Calton & Associates Inc. purchased a new stake in shares of Ingersoll-Rand in the 4th quarter worth $112,000. Advisory Services Network LLC increased its stake in shares of Ingersoll-Rand by 19.5% in the 2nd 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. Resources Investment Advisors Inc. increased its stake in shares of Ingersoll-Rand by 218.6% in the 4th quarter. Resources Investment Advisors Inc. now owns 1,354 shares of the industrial products company’s stock worth $122,000 after purchasing an additional 929 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of Ingersoll-Rand in the 3rd quarter worth $152,000. Finally, Bessemer Group Inc. increased its stake in shares of Ingersoll-Rand by 185.5% in the 3rd 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. 81.71% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on the company. Barclays assumed coverage on Ingersoll-Rand in a research note on Thursday. They issued an “overweight” rating for the company. Royal Bank of Canada reduced their price objective on Ingersoll-Rand from $93.00 to $91.00 and set a “sector perform” rating for the company in a research note on Thursday, October 26th. Argus upped their price objective on Ingersoll-Rand to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. BMO Capital Markets upped their price objective on Ingersoll-Rand to $115.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus upped their price objective on Ingersoll-Rand from $101.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. Ingersoll-Rand presently has an average rating of “Hold” and a consensus price target of $102.92.
Ingersoll-Rand (NYSE:IR) last issued its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, missing the Zacks’ 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 during the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter in the previous year, the company posted $0.84 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. equities analysts expect that Ingersoll-Rand PLC will post 5.17 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be paid a $0.45 dividend. The ex-dividend date is Thursday, March 8th. This represents a $1.80 dividend on an annualized basis and a yield of 1.99%. Ingersoll-Rand’s payout ratio is presently 35.50%.
In other Ingersoll-Rand news, Director Jared L. Cohon sold 2,350 shares of the stock in a transaction 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 completion of the sale, the director now owns 25,766 shares in the company, valued at approximately $2,380,778.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Michael W. Lamach sold 210,508 shares of the stock in a transaction 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 disclosure for this sale can be found here. Corporate insiders own 0.63% of the company’s stock.
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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