River Road Asset Management LLC Purchases Shares of 2,692 Ingersoll-Rand PLC (Ireland) (IR)

River Road Asset Management LLC purchased a new stake in Ingersoll-Rand PLC (Ireland) (NYSE:IR) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,692 shares of the industrial products company’s stock, valued at approximately $240,000. River Road Asset Management LLC owned approximately 1,077.36% of Ingersoll-Rand PLC (Ireland) as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. boosted its holdings in Ingersoll-Rand PLC (Ireland) by 0.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,885 shares of the industrial products company’s stock valued at $264,000 after acquiring an additional 12 shares in the last quarter. Creative Planning boosted its holdings in Ingersoll-Rand PLC (Ireland) by 0.3% in the second quarter. Creative Planning now owns 9,769 shares of the industrial products company’s stock valued at $893,000 after acquiring an additional 32 shares in the last quarter. Salem Investment Counselors Inc. boosted its holdings in Ingersoll-Rand PLC (Ireland) by 0.3% in the second quarter. Salem Investment Counselors Inc. now owns 21,737 shares of the industrial products company’s stock valued at $1,987,000 after acquiring an additional 62 shares in the last quarter. Calamos Advisors LLC boosted its holdings in Ingersoll-Rand PLC (Ireland) by 1.5% in the second quarter. Calamos Advisors LLC now owns 4,685 shares of the industrial products company’s stock valued at $428,000 after acquiring an additional 70 shares in the last quarter. Finally, MML Investors Services LLC boosted its holdings in Ingersoll-Rand PLC (Ireland) by 1.5% in the second quarter. MML Investors Services LLC now owns 5,365 shares of the industrial products company’s stock valued at $490,000 after acquiring an additional 79 shares in the last quarter. Institutional investors and hedge funds own 82.14% of the company’s stock.

Ingersoll-Rand PLC (IR) traded up $0.55 during midday trading on Friday, reaching $84.96. The company had a trading volume of 1,386,082 shares, compared to its average volume of 2,012,155. Ingersoll-Rand PLC has a 52 week low of $74.02 and a 52 week high of $96.23. The company has a market cap of $21,091.35, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 2.04 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 (Ireland) (NYSE:IR) last released its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.43 by $0.01. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.65% and a net margin of 7.47%. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same period last year, the company earned $1.41 EPS. Ingersoll-Rand PLC (Ireland)’s revenue for the quarter was up 2.9% on a year-over-year basis. equities research analysts anticipate that Ingersoll-Rand PLC will post 4.51 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be issued a $0.45 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.80 annualized dividend and a yield of 2.12%. Ingersoll-Rand PLC (Ireland)’s payout ratio is 44.89%.

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Several brokerages have commented on IR. Citigroup Inc. raised their price objective on Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, October 9th. Stifel Nicolaus lowered their price objective on Ingersoll-Rand PLC (Ireland) from $103.00 to $101.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. Royal Bank Of Canada lowered their price objective on Ingersoll-Rand PLC (Ireland) from $93.00 to $91.00 and set a “sector perform” rating for the company in a research report on Thursday, October 26th. Bank of America Corporation lowered Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 price objective for the company. in a research report on Tuesday, October 17th. Finally, Morgan Stanley lowered Ingersoll-Rand PLC (Ireland) from an “overweight” rating to an “equal weight” rating and set a $98.00 price objective for the company. in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $99.18.

In other Ingersoll-Rand PLC (Ireland) news, EVP Didier P. Teirlinck sold 26,174 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $86.10, for a total transaction of $2,253,581.40. Following the completion of the sale, the executive vice president now directly owns 131,129 shares in the company, valued at approximately $11,290,206.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Marcia J. Avedon sold 10,460 shares of the business’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $94.00, for a total value of $983,240.00. Following the sale, the insider now owns 111,637 shares of the company’s stock, valued at $10,493,878. The disclosure for this sale can be found here. Insiders sold a total of 50,731 shares of company stock valued at $4,576,036 over the last quarter. 0.65% of the stock is owned by corporate insiders.

Ingersoll-Rand PLC (Ireland) Company 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 PLC (Ireland) (NYSE:IR)

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