Ingersoll-Rand PLC (IR) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lowered its stake in shares of Ingersoll-Rand PLC (NYSE:IR) by 42.2% in the fourth quarter, Holdings Channel reports. The fund owned 23,492 shares of the industrial products company’s stock after selling 17,160 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Ingersoll-Rand were worth $2,095,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Bank of Nova Scotia grew its holdings 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 purchasing an additional 200 shares during the period. Advisory Services Network LLC grew its holdings 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 purchasing an additional 213 shares during the period. Andra AP fonden grew its holdings 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 purchasing an additional 600 shares during the period. Commonwealth Equity Services Inc grew its holdings in shares of Ingersoll-Rand by 3.1% during the 3rd quarter. Commonwealth Equity Services Inc now owns 20,369 shares of the industrial products company’s stock worth $1,816,000 after purchasing an additional 604 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of 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 purchasing an additional 605 shares during the period. Institutional investors and hedge funds own 81.71% of the company’s stock.

In other Ingersoll-Rand news, Chairman Michael W. Lamach sold 210,508 shares of the company’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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jared L. Cohon sold 2,350 shares of the company’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 transaction, the director now directly owns 25,766 shares in the company, valued at $2,380,778.40. The disclosure for this sale can be found here. 0.63% of the stock is owned by corporate insiders.

IR has been the subject of a number of research reports. Robert W. Baird reiterated a “hold” rating on shares of Ingersoll-Rand in a report on Friday, November 17th. Royal Bank of Canada decreased their target price on Ingersoll-Rand from $93.00 to $91.00 and set a “sector perform” rating for the company in a report on Thursday, October 26th. BMO Capital Markets boosted their target price on Ingersoll-Rand to $115.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded Ingersoll-Rand from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a report on Monday, January 22nd. Finally, Stifel Nicolaus decreased their target price on Ingersoll-Rand from $103.00 to $101.00 and set a “buy” rating for the company in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $102.92.

Ingersoll-Rand PLC (NYSE IR) opened at $90.39 on Thursday. The firm has a market capitalization of $22,555.01, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 1.93 and a beta of 1.33. Ingersoll-Rand PLC has a fifty-two week low of $77.26 and a fifty-two week high of $97.67. 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 (NYSE:IR) last released its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $1.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.01). The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.52 billion. Ingersoll-Rand had a return on equity of 16.91% and a net margin of 9.17%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.84 EPS. equities analysts forecast that Ingersoll-Rand PLC will post 5.17 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Thursday, March 8th. Ingersoll-Rand’s dividend payout ratio is presently 35.50%.

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

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