BB&T Securities LLC lifted its position in Ingersoll-Rand PLC (NYSE:IR) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 155,136 shares of the industrial products company’s stock after buying an additional 626 shares during the quarter. BB&T Securities LLC owned about 0.06% of Ingersoll-Rand worth $13,836,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Nationwide Fund Advisors boosted its position in Ingersoll-Rand by 6.4% during the third quarter. Nationwide Fund Advisors now owns 305,277 shares of the industrial products company’s stock worth $27,222,000 after purchasing an additional 18,233 shares during the period. Bessemer Group Inc. boosted its position in Ingersoll-Rand by 185.5% during the third quarter. Bessemer Group Inc. now owns 1,967 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 1,278 shares during the period. FDx Advisors Inc. boosted its position in Ingersoll-Rand by 49.8% during the third quarter. FDx Advisors Inc. now owns 5,920 shares of the industrial products company’s stock worth $528,000 after purchasing an additional 1,969 shares during the period. Sei Investments Co. boosted its position in Ingersoll-Rand by 9.4% during the third quarter. Sei Investments Co. now owns 83,040 shares of the industrial products company’s stock worth $7,404,000 after purchasing an additional 7,160 shares during the period. Finally, New York State Common Retirement Fund boosted its position in Ingersoll-Rand by 1.0% during the third quarter. New York State Common Retirement Fund now owns 895,812 shares of the industrial products company’s stock worth $79,880,000 after purchasing an additional 9,300 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

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Shares of Ingersoll-Rand stock opened at $89.48 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 0.95. The firm has a market capitalization of $22,360.07, a P/E ratio of 17.65, a PEG ratio of 1.92 and a beta of 1.34. Ingersoll-Rand PLC has a 12-month low of $77.26 and a 12-month high of $97.67.

Ingersoll-Rand (NYSE:IR) last issued its earnings results 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). The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.52 billion. Ingersoll-Rand had a net margin of 9.17% and a return on equity of 16.91%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 earnings per share. sell-side analysts anticipate that Ingersoll-Rand PLC will post 5.17 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors 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 dividend on an annualized basis and a dividend yield of 2.01%. Ingersoll-Rand’s payout ratio is 35.50%.

Several research firms have recently weighed in on IR. Stifel Nicolaus increased their price objective on Ingersoll-Rand from $101.00 to $112.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. BMO Capital Markets increased their price objective on Ingersoll-Rand to $115.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Zacks Investment Research cut Ingersoll-Rand from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Royal Bank of Canada reissued a “hold” rating and issued a $99.00 price objective on shares of Ingersoll-Rand in a research report on Tuesday, February 27th. Finally, Argus increased their price objective on Ingersoll-Rand to $105.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $103.69.

In related news, insider Paul A. Camuti sold 1,678 shares of the company’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $85.15, for a total value of $142,881.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Marcia J. Avedon sold 7,560 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $90.29, for a total value of $682,592.40. The disclosure for this sale can be found here. Insiders sold 280,380 shares of company stock valued at $24,889,306 over the last 90 days. 0.63% of the stock is currently owned by corporate insiders.

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

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