HL Financial Services LLC maintained its position in Ingersoll-Rand PLC (NYSE:IR) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 5,112 shares of the company’s stock at the end of the second quarter. HL Financial Services LLC’s holdings in Ingersoll-Rand PLC were worth $326,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the stock. Bank of Montreal Can purchased a new position in Ingersoll-Rand PLC during the second quarter valued at approximately $7,859,000. Daiwa Securities Group Inc. increased its position in Ingersoll-Rand PLC by 24.1% in the second quarter. Daiwa Securities Group Inc. now owns 8,244 shares of the company’s stock valued at $525,000 after buying an additional 1,600 shares during the last quarter. Sigma Planning Corp increased its position in Ingersoll-Rand PLC by 18.0% in the second quarter. Sigma Planning Corp now owns 6,832 shares of the company’s stock valued at $435,000 after buying an additional 1,041 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Ingersoll-Rand PLC during the second quarter valued at approximately $996,000. Finally, Oakbrook Investments LLC increased its position in Ingersoll-Rand PLC by 12.3% in the second quarter. Oakbrook Investments LLC now owns 27,851 shares of the company’s stock valued at $1,774,000 after buying an additional 3,050 shares during the last quarter. 80.97% of the stock is currently owned by institutional investors.
Shares of Ingersoll-Rand PLC (NYSE:IR) traded up 1.25% on Friday, reaching $67.94. The company had a trading volume of 2,132,581 shares. The company’s 50-day moving average is $66.53 and its 200-day moving average is $65.13. Ingersoll-Rand PLC has a one year low of $47.08 and a one year high of $68.97. The company has a market capitalization of $17.53 billion, a PE ratio of 12.51 and a beta of 1.35.
Ingersoll-Rand PLC (NYSE:IR) last released its quarterly earnings data on Wednesday, July 27th. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.08. Ingersoll-Rand PLC had a net margin of 10.71% and a return on equity of 17.73%. The business earned $3.69 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same period in the previous year, the business earned $1.20 EPS. Ingersoll-Rand PLC’s revenue was up 2.4% compared to the same quarter last year. Equities research analysts predict that Ingersoll-Rand PLC will post $4.09 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 9th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.88%. Ingersoll-Rand PLC’s dividend payout ratio (DPR) is currently 23.53%.
Several research firms have recently commented on IR. Zacks Investment Research downgraded Ingersoll-Rand PLC from a “hold” rating to a “sell” rating in a research report on Tuesday. Jefferies Group reissued a “buy” rating on shares of Ingersoll-Rand PLC in a research report on Wednesday, August 3rd. Stifel Nicolaus reduced their price target on Ingersoll-Rand PLC from $77.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, July 28th. BMO Capital Markets started coverage on Ingersoll-Rand PLC in a research report on Wednesday, July 13th. They set an “outperform” rating and a $80.00 price target on the stock. Finally, Credit Suisse Group AG reissued a “buy” rating and set a $72.00 price target on shares of Ingersoll-Rand PLC in a research report on Sunday, July 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $67.94.
In other news, SVP Keith A. Sultana sold 3,071 shares of the business’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $68.81, for a total transaction of $211,315.51. Following the completion of the transaction, the senior vice president now directly owns 10,698 shares in the company, valued at approximately $736,129.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard J. Swift sold 2,100 shares of the business’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $67.99, for a total transaction of $142,779.00. Following the transaction, the director now owns 66,648 shares of the company’s stock, valued at $4,531,397.52. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.
Ingersoll-Rand PLC 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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