Huntington National Bank raised its position in shares of Ingersoll-Rand PLC (NYSE:IR) by 26.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,499 shares of the industrial products company’s stock after buying an additional 1,374 shares during the period. Huntington National Bank’s holdings in Ingersoll-Rand were worth $580,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisory Services Network LLC increased its holdings in shares of Ingersoll-Rand by 19.5% during the second quarter. Advisory Services Network LLC now owns 1,304 shares of the industrial products company’s stock worth $119,000 after buying an additional 213 shares in the last quarter. Resources Investment Advisors Inc. increased its holdings in shares of Ingersoll-Rand by 218.6% during the fourth quarter. Resources Investment Advisors Inc. now owns 1,354 shares of the industrial products company’s stock worth $122,000 after buying an additional 929 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of Ingersoll-Rand during the third quarter worth approximately $152,000. Bessemer Group Inc. increased its holdings in shares of 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 buying an additional 1,278 shares in the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new stake in shares of Ingersoll-Rand in the third quarter valued at approximately $178,000. 82.37% of the stock is owned by institutional investors.

In other Ingersoll-Rand news, Chairman Michael W. Lamach sold 210,508 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $88.28, for a total value of $18,583,646.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.63% of the stock is currently owned by company insiders.

A number of analysts recently weighed in on IR shares. Robert W. Baird reissued a “hold” rating on shares of Ingersoll-Rand in a report on Friday, November 17th. Royal Bank of Canada lowered their price target on shares of Ingersoll-Rand from $93.00 to $91.00 and set a “sector perform” rating for the company in a report on Thursday, October 26th. BMO Capital Markets raised their price target on shares of Ingersoll-Rand to $115.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Zacks Investment Research raised shares of Ingersoll-Rand from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Monday, January 22nd. Finally, Stifel Nicolaus lowered their price target on shares of Ingersoll-Rand from $103.00 to $101.00 and set a “buy” rating for the company in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $102.92.

Ingersoll-Rand PLC (NYSE:IR) opened at $87.60 on Friday. Ingersoll-Rand PLC has a 52 week low of $77.26 and a 52 week high of $97.67. The stock has a market cap of $22,785.46, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 1.95 and a beta of 1.33. The company has a quick ratio of 0.95, a current ratio of 1.27 and a debt-to-equity ratio of 0.41.

Ingersoll-Rand (NYSE:IR) last announced its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.01). Ingersoll-Rand had a net margin of 9.17% and a return on equity of 16.91%. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.52 billion. During the same period in the previous year, the business posted $0.84 earnings per share. Ingersoll-Rand’s revenue was up 7.7% compared to the same quarter last year. equities research analysts predict that Ingersoll-Rand PLC will post 5.17 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders 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 yield of 2.05%. Ingersoll-Rand’s payout ratio is presently 35.50%.

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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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