Penserra Capital Management LLC Has $324,000 Stake in Ingersoll-Rand PLC (IR)

Penserra Capital Management LLC lifted its stake in shares of Ingersoll-Rand PLC (NYSE:IR) by 18.6% during the fourth quarter, HoldingsChannel reports. The firm owned 3,640 shares of the industrial products company’s stock after acquiring an additional 572 shares during the quarter. Penserra Capital Management LLC’s holdings in Ingersoll-Rand were worth $324,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. Bank of Nova Scotia raised its stake in Ingersoll-Rand by 3.4% in the 2nd quarter. Bank of Nova Scotia now owns 6,136 shares of the industrial products company’s stock valued at $561,000 after acquiring an additional 200 shares during the period. Advisory Services Network LLC raised its stake in 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 valued at $119,000 after acquiring an additional 213 shares during the period. Andra AP fonden raised its stake in Ingersoll-Rand by 0.9% in the 3rd quarter. Andra AP fonden now owns 70,100 shares of the industrial products company’s stock valued at $6,251,000 after acquiring an additional 600 shares during the period. Commonwealth Equity Services Inc raised its stake in Ingersoll-Rand by 3.1% in the 3rd quarter. Commonwealth Equity Services Inc now owns 20,369 shares of the industrial products company’s stock valued at $1,816,000 after acquiring an additional 604 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Ingersoll-Rand by 5.6% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 11,503 shares of the industrial products company’s stock valued at $1,026,000 after acquiring an additional 605 shares during the period. Institutional investors own 81.71% of the company’s stock.

A number of equities research analysts recently weighed in on IR shares. Robert W. Baird restated a “hold” rating on shares of Ingersoll-Rand in a research note on Friday, November 17th. Royal Bank of Canada dropped their price target on Ingersoll-Rand from $93.00 to $91.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 26th. BMO Capital Markets increased their price target on Ingersoll-Rand to $115.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded Ingersoll-Rand from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research note on Monday, January 22nd. Finally, Stifel Nicolaus dropped their price target on Ingersoll-Rand from $103.00 to $101.00 and set a “buy” rating on the stock in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $102.92.

In other news, 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 transaction of $18,583,646.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 sale, 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. Corporate insiders own 0.63% of the company’s stock.

Ingersoll-Rand PLC (NYSE IR) opened at $90.39 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. Ingersoll-Rand PLC has a 1-year low of $77.26 and a 1-year high of $97.67. The company has a market capitalization of $22,555.01, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 1.93 and a beta of 1.33.

Ingersoll-Rand (NYSE:IR) last issued its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.01). Ingersoll-Rand had a net margin of 9.17% and a return on equity of 16.91%. The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.52 billion. During the same period in the prior year, the company earned $0.84 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. equities research analysts predict that Ingersoll-Rand PLC will post 5.17 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 9th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, March 8th. Ingersoll-Rand’s dividend payout ratio (DPR) is currently 35.50%.

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About Ingersoll-Rand

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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