Andra AP fonden reduced its position in shares of Ingersoll-Rand PLC (NYSE:IR) by 20.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 69,000 shares of the industrial products company’s stock after selling 17,300 shares during the quarter. Andra AP fonden’s holdings in Ingersoll-Rand were worth $6,191,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Canandaigua National Bank & Trust Co. raised its holdings in Ingersoll-Rand by 12.4% during the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 26,149 shares of the industrial products company’s stock valued at $2,346,000 after buying an additional 2,890 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Ingersoll-Rand in the 2nd quarter worth $1,331,000. Toronto Dominion Bank raised its holdings in Ingersoll-Rand by 18.5% in the 2nd quarter. Toronto Dominion Bank now owns 159,595 shares of the industrial products company’s stock worth $14,317,000 after purchasing an additional 24,904 shares in the last quarter. Field & Main Bank raised its holdings in Ingersoll-Rand by 93.2% in the 2nd quarter. Field & Main Bank now owns 1,990 shares of the industrial products company’s stock worth $196,000 after purchasing an additional 960 shares in the last quarter. Finally, Bailard Inc. raised its holdings in Ingersoll-Rand by 7.2% in the 2nd quarter. Bailard Inc. now owns 10,483 shares of the industrial products company’s stock worth $941,000 after purchasing an additional 705 shares in the last quarter. Institutional investors own 80.11% of the company’s stock.

Shares of Ingersoll-Rand stock opened at $104.03 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.30 and a quick ratio of 0.93. The stock has a market capitalization of $25.52 billion, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 1.62 and a beta of 1.33. Ingersoll-Rand PLC has a 1 year low of $79.63 and a 1 year high of $104.55.

Ingersoll-Rand (NYSE:IR) last issued its quarterly earnings results on Wednesday, July 25th. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.13. The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.21 billion. Ingersoll-Rand had a net margin of 9.28% and a return on equity of 18.11%. Ingersoll-Rand’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the business earned $1.49 EPS. equities research analysts expect that Ingersoll-Rand PLC will post 5.54 earnings per share for the current fiscal year.

IR has been the subject of several research reports. Morgan Stanley initiated coverage on shares of Ingersoll-Rand in a report on Monday, August 20th. They issued an “overweight” rating and a $111.00 price objective for the company. UBS Group upped their price objective on shares of Ingersoll-Rand from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, August 30th. Bank of America upped their price objective on shares of Ingersoll-Rand from $96.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, July 30th. Barclays upped their price objective on shares of Ingersoll-Rand from $115.00 to $117.00 and gave the stock an “overweight” rating in a report on Thursday, August 9th. Finally, Zacks Investment Research upgraded shares of Ingersoll-Rand from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a report on Friday, June 1st. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $109.55.

In related news, EVP David S. Regnery sold 12,098 shares of the stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $97.00, for a total value of $1,173,506.00. Following the completion of the transaction, the executive vice president now directly owns 55,810 shares in the company, valued at approximately $5,413,570. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Marcia J. Avedon sold 10,000 shares of the stock in a transaction dated Wednesday, July 25th. The stock was sold at an average price of $96.00, for a total transaction of $960,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,969 shares of company stock valued at $3,646,048. 0.70% of the stock is owned by company insiders.

Ingersoll-Rand Profile

Ingersoll-Rand plc designs, manufactures, sells, and services industrial and commercial products. It operates through Climate and Industrial segments. The Climate segment offers building management, bus, rail, and multi-pipe HVAC, control, container and cryogenic, diesel-powered, ductless, geothermal, package heating and cooling, rail and self-powered truck refrigeration, temporary heating and cooling, trailer refrigeration, unitary, and vehicle-powered truck refrigeration systems.

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

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