Pennsylvania Trust Co Has $232,000 Position in Ingersoll-Rand PLC (NYSE:IR)

Pennsylvania Trust Co grew its position in Ingersoll-Rand PLC (NYSE:IR) by 5.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,885 shares of the industrial products company’s stock after buying an additional 90 shares during the quarter. Pennsylvania Trust Co’s holdings in Ingersoll-Rand were worth $232,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of IR. Community Bank & Trust Waco Texas boosted its holdings in shares of Ingersoll-Rand by 1.3% during the 2nd quarter. Community Bank & Trust Waco Texas now owns 6,445 shares of the industrial products company’s stock valued at $816,000 after buying an additional 80 shares in the last quarter. Leavell Investment Management Inc. increased its stake in Ingersoll-Rand by 0.5% in the second quarter. Leavell Investment Management Inc. now owns 18,529 shares of the industrial products company’s stock worth $2,347,000 after purchasing an additional 100 shares during the period. Bank of Nova Scotia increased its stake in Ingersoll-Rand by 1.5% in the second quarter. Bank of Nova Scotia now owns 6,807 shares of the industrial products company’s stock worth $862,000 after purchasing an additional 101 shares during the period. CAPROCK Group Inc. increased its stake in Ingersoll-Rand by 4.7% in the second quarter. CAPROCK Group Inc. now owns 2,382 shares of the industrial products company’s stock worth $302,000 after purchasing an additional 108 shares during the period. Finally, Bellecapital International Ltd. increased its stake in Ingersoll-Rand by 5.2% in the second quarter. Bellecapital International Ltd. now owns 2,415 shares of the industrial products company’s stock worth $306,000 after purchasing an additional 120 shares during the period. Institutional investors own 78.18% of the company’s stock.

Shares of IR stock opened at $115.38 on Friday. Ingersoll-Rand PLC has a 1-year low of $85.15 and a 1-year high of $128.31. The stock’s 50-day moving average is $120.32 and its 200 day moving average is $120.05. The company has a market cap of $27.56 billion, a P/E ratio of 20.57, a PEG ratio of 1.63 and a beta of 1.24. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.23 and a quick ratio of 0.85.

Ingersoll-Rand (NYSE:IR) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.03. Ingersoll-Rand had a return on equity of 20.97% and a net margin of 8.89%. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter last year, the company earned $1.85 earnings per share. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, analysts anticipate that Ingersoll-Rand PLC will post 6.4 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 1.84%. The ex-dividend date is Thursday, December 5th. Ingersoll-Rand’s dividend payout ratio is presently 37.79%.

Several brokerages have recently commented on IR. Cowen restated a “buy” rating and set a $131.00 price target on shares of Ingersoll-Rand in a research note on Tuesday, July 30th. Morgan Stanley raised their price target on Ingersoll-Rand from $137.00 to $139.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. cut their price target on Ingersoll-Rand from $140.00 to $129.00 and set an “overweight” rating on the stock in a research note on Thursday. Barclays restated a “buy” rating and set a $134.00 price target on shares of Ingersoll-Rand in a research note on Friday, October 4th. Finally, Credit Suisse Group raised their price target on Ingersoll-Rand from $138.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. Ingersoll-Rand currently has an average rating of “Buy” and an average target price of $129.56.

In other Ingersoll-Rand news, insider Evan M. Turtz sold 3,770 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $128.00, for a total value of $482,560.00. Following the completion of the sale, the insider now owns 15,549 shares of the company’s stock, valued at $1,990,272. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jared L. Cohon sold 938 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $119.07, for a total value of $111,687.66. Following the completion of the sale, the director now directly owns 23,697 shares of the company’s stock, valued at approximately $2,821,601.79. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Ingersoll-Rand Profile

Ingersoll-Rand Plc designs, manufactures, sells, and services industrial and commercial products. The company operates through Climate and Industrial segments. The Climate segment offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality; industrial refrigeration; motor replacements; refrigerant reclamation; thermostats/controls; transport heater products; and water source heat pumps.

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

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