Daiwa Securities Group Inc. lifted its stake in Ingersoll-Rand PLC (NYSE:IR) by 149.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,925 shares of the industrial products company’s stock after purchasing an additional 30,504 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Ingersoll-Rand were worth $6,274,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. QCI Asset Management Inc. NY bought a new position in Ingersoll-Rand in the 2nd quarter valued at approximately $26,000. Arrow Financial Corp lifted its position in Ingersoll-Rand by 232.6% in the 2nd quarter. Arrow Financial Corp now owns 286 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 200 shares in the last quarter. AdvisorNet Financial Inc lifted its position in Ingersoll-Rand by 92.2% in the 2nd quarter. AdvisorNet Financial Inc now owns 294 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 141 shares in the last quarter. Berman Capital Advisors LLC lifted its position in Ingersoll-Rand by 93.9% in the 2nd quarter. Berman Capital Advisors LLC now owns 316 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 153 shares in the last quarter. Finally, Halbert Hargrove Russell LLC lifted its position in Ingersoll-Rand by 1,902.2% in the 2nd quarter. Halbert Hargrove Russell LLC now owns 7,368 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 7,000 shares in the last quarter. 78.14% of the stock is currently owned by hedge funds and other institutional investors.

Shares of IR opened at $130.44 on Friday. The firm has a market cap of $31.33 billion, a PE ratio of 23.25, a P/E/G ratio of 1.90 and a beta of 1.22. The company has a current ratio of 1.28, a quick ratio of 0.88 and a debt-to-equity ratio of 0.68. The firm has a fifty day simple moving average of $121.39 and a two-hundred day simple moving average of $121.67. Ingersoll-Rand PLC has a 1-year low of $85.15 and a 1-year high of $132.42.

Ingersoll-Rand (NYSE:IR) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.08. The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.30 billion. Ingersoll-Rand had a net margin of 8.38% and a return on equity of 21.72%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.75 EPS. As a group, research analysts forecast that Ingersoll-Rand PLC will post 6.4 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $2.12 dividend on an annualized basis and a yield of 1.63%. Ingersoll-Rand’s dividend payout ratio is presently 37.79%.

IR has been the topic of several analyst reports. Cowen reaffirmed a “buy” rating and issued a $131.00 price objective on shares of Ingersoll-Rand in a research report on Tuesday, October 29th. Morgan Stanley upped their price objective on Ingersoll-Rand from $139.00 to $142.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. KeyCorp upped their price objective on Ingersoll-Rand from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lowered their price objective on Ingersoll-Rand from $140.00 to $129.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Finally, BMO Capital Markets set a $145.00 price objective on Ingersoll-Rand and gave the company a “buy” rating in a research report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $134.15.

In other news, SVP Marcia J. Avedon sold 7,450 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $129.00, for a total value of $961,050.00. Following the completion of the sale, the senior vice president now directly owns 99,075 shares in the company, valued at approximately $12,780,675. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $876,250.00. Following the completion of the sale, the senior vice president now owns 19,608 shares of the company’s stock, valued at $2,451,000. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Ingersoll-Rand Company 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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