Cambridge Investment Research Advisors Inc. raised its stake in shares of Ingersoll-Rand Plc (NYSE:IR) by 5.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,503 shares of the industrial products company’s stock after buying an additional 605 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Ingersoll-Rand Plc were worth $1,026,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Ingersoll-Rand Plc by 0.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,885 shares of the industrial products company’s stock worth $264,000 after buying an additional 12 shares during the period. Salem Investment Counselors Inc. lifted its position in shares of Ingersoll-Rand Plc by 0.3% in the second quarter. Salem Investment Counselors Inc. now owns 21,737 shares of the industrial products company’s stock worth $1,987,000 after purchasing an additional 62 shares in the last quarter. Calamos Advisors LLC lifted its position in shares of Ingersoll-Rand Plc by 1.5% in the second quarter. Calamos Advisors LLC now owns 4,685 shares of the industrial products company’s stock worth $428,000 after purchasing an additional 70 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Ingersoll-Rand Plc by 1.5% in the second quarter. MML Investors Services LLC now owns 5,365 shares of the industrial products company’s stock worth $490,000 after purchasing an additional 79 shares in the last quarter. Finally, Conning Inc. lifted its position in shares of Ingersoll-Rand Plc by 1.5% in the second quarter. Conning Inc. now owns 6,211 shares of the industrial products company’s stock worth $568,000 after purchasing an additional 89 shares in the last quarter. 81.65% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ingersoll-Rand Plc (IR) opened at $84.59 on Thursday. The stock has a market cap of $21,308.73, a price-to-earnings ratio of 19.65, a PEG ratio of 2.06 and a beta of 1.37. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 0.89. Ingersoll-Rand Plc has a 52 week low of $74.02 and a 52 week high of $96.23.

Ingersoll-Rand Plc (NYSE:IR) last posted its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.01. Ingersoll-Rand Plc had a net margin of 10.03% and a return on equity of 21.59%. The firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the previous year, the company earned $1.41 earnings per share. The business’s revenue was up 2.9% compared to the same quarter last year. research analysts expect that Ingersoll-Rand Plc will post 4.51 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.80 dividend on an annualized basis and a yield of 2.13%. Ingersoll-Rand Plc’s dividend payout ratio is currently 44.89%.

In other news, SVP Paul A. Camuti sold 14,097 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $95.00, for a total value of $1,339,215.00. Following the sale, the senior vice president now owns 66,439 shares in the company, valued at approximately $6,311,705. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marcia J. Avedon sold 10,460 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $94.00, for a total transaction of $983,240.00. Following the completion of the sale, the insider now owns 111,637 shares in the company, valued at approximately $10,493,878. The disclosure for this sale can be found here. 0.65% of the stock is owned by insiders.

A number of research firms have recently issued reports on IR. KeyCorp reissued a “hold” rating on shares of Ingersoll-Rand Plc in a research report on Sunday. Robert W. Baird reissued a “hold” rating on shares of Ingersoll-Rand Plc in a research report on Friday, November 17th. Morgan Stanley lowered shares of Ingersoll-Rand Plc from an “overweight” rating to an “equal weight” rating and set a $98.00 price target for the company. in a research report on Friday, October 27th. Royal Bank Of Canada reduced their price target on shares of Ingersoll-Rand Plc from $93.00 to $91.00 and set a “sector perform” rating for the company in a research report on Thursday, October 26th. Finally, Stifel Nicolaus cut their price objective on shares of Ingersoll-Rand Plc from $103.00 to $101.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $99.18.

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About Ingersoll-Rand Plc

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.

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

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