10 15 Associates Inc. cut its position in shares of Ingersoll-Rand PLC (NYSE:IR) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,047 shares of the industrial products company’s stock after selling 390 shares during the period. 10 15 Associates Inc.’s holdings in Ingersoll-Rand were worth $3,329,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MidWestOne Financial Group Inc. acquired a new stake in Ingersoll-Rand in the 2nd quarter valued at $299,000. Mutual Advisors LLC acquired a new stake in Ingersoll-Rand in the 2nd quarter valued at $217,000. United Services Automobile Association boosted its stake in Ingersoll-Rand by 8.9% in the 2nd quarter. United Services Automobile Association now owns 195,445 shares of the industrial products company’s stock valued at $24,757,000 after buying an additional 15,986 shares in the last quarter. HM Payson & Co. acquired a new stake in Ingersoll-Rand in the 2nd quarter valued at $996,000. Finally, WealthStone Inc. acquired a new stake in Ingersoll-Rand in the 2nd quarter valued at $98,000. Institutional investors and hedge funds own 79.53% of the company’s stock.
Ingersoll-Rand stock opened at $130.60 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.88 and a current ratio of 1.28. The firm has a market cap of $31.53 billion, a P/E ratio of 23.36, a P/E/G ratio of 1.79 and a beta of 1.22. The business’s fifty day moving average is $132.91 and its two-hundred day moving average is $125.44. Ingersoll-Rand PLC has a 52 week low of $93.05 and a 52 week high of $138.33.
Ingersoll-Rand (NYSE:IR) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.08. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.30 billion. Ingersoll-Rand had a return on equity of 21.72% and a net margin of 8.38%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.75 earnings per share. On average, equities research analysts predict that Ingersoll-Rand PLC will post 6.4 earnings per share for the current year.
In other news, SVP Keith A. Sultana sold 7,010 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $125.00, for a total transaction of $876,250.00. Following the transaction, the senior vice president now owns 19,608 shares of the company’s stock, valued at $2,451,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David S. Regnery sold 10,645 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $134.90, for a total value of $1,436,010.50. Following the transaction, the executive vice president now directly owns 63,288 shares in the company, valued at approximately $8,537,551.20. The disclosure for this sale can be found here. Insiders have sold 282,049 shares of company stock worth $37,930,655 in the last ninety days. 0.70% of the stock is currently owned by insiders.
Several analysts recently commented on IR shares. BMO Capital Markets set a $145.00 price target on Ingersoll-Rand and gave the company a “buy” rating in a research note on Monday, November 4th. Zacks Investment Research lowered Ingersoll-Rand from a “hold” rating to a “sell” rating and set a $138.00 price target on the stock. in a research note on Monday, December 2nd. Barclays reissued a “buy” rating and issued a $134.00 price objective on shares of Ingersoll-Rand in a research note on Friday, October 4th. JPMorgan Chase & Co. reduced their price objective on Ingersoll-Rand from $140.00 to $129.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Finally, Deutsche Bank lowered Ingersoll-Rand from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $137.00 to $135.00 in a research note on Tuesday, October 29th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, two have assigned 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 target price of $137.00.
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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