Itau Unibanco Holding S.A. lifted its holdings in Ingersoll-Rand PLC (NYSE:IR) by 21.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,668 shares of the industrial products company’s stock after buying an additional 1,503 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Ingersoll-Rand were worth $773,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its position in Ingersoll-Rand by 208.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,871 shares of the industrial products company’s stock valued at $524,000 after purchasing an additional 3,965 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. bought a new stake in Ingersoll-Rand in the 4th quarter valued at about $711,000. Rhumbline Advisers lifted its position in Ingersoll-Rand by 0.3% in the 4th quarter. Rhumbline Advisers now owns 479,489 shares of the industrial products company’s stock valued at $42,766,000 after purchasing an additional 1,661 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Ingersoll-Rand by 7.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 188,562 shares of the industrial products company’s stock valued at $16,819,000 after purchasing an additional 13,684 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in Ingersoll-Rand by 2.5% in the 4th quarter. Arizona State Retirement System now owns 102,019 shares of the industrial products company’s stock valued at $9,099,000 after purchasing an additional 2,505 shares during the last quarter. Hedge funds and other institutional investors own 78.90% of the company’s stock.
Several equities analysts have commented on IR shares. Zacks Investment Research raised shares of Ingersoll-Rand from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research note on Monday, January 22nd. UBS Group started coverage on shares of Ingersoll-Rand in a research note on Monday, January 22nd. They set a “buy” rating and a $105.00 target price on the stock. Stifel Nicolaus lowered their target price on shares of Ingersoll-Rand from $103.00 to $101.00 and set a “buy” rating on the stock in a research note on Thursday, October 26th. KeyCorp reissued a “hold” rating on shares of Ingersoll-Rand in a research note on Sunday, November 19th. Finally, Robert W. Baird reissued a “hold” rating on shares of Ingersoll-Rand in a research note on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $103.08.
Ingersoll-Rand (NYSE:IR) last announced its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.01). The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.52 billion. Ingersoll-Rand had a return on equity of 16.91% and a net margin of 9.17%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.84 EPS. equities research analysts forecast that Ingersoll-Rand PLC will post 5.17 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders 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 annualized dividend and a dividend yield of 1.98%. Ingersoll-Rand’s dividend payout ratio is currently 35.50%.
In other news, Director Jared L. Cohon sold 2,350 shares of Ingersoll-Rand 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 transaction, the director now directly owns 25,766 shares of the company’s stock, valued at $2,380,778.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Michael W. Lamach sold 210,508 shares of Ingersoll-Rand stock in a transaction that occurred 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 disclosure for this sale can be found here. 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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