Geneva Partners LLC Invests $1.80 Million in Ingersoll-Rand PLC (Ireland) (IR) Stock

Geneva Partners LLC purchased a new stake in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 20,150 shares of the industrial products company’s stock, valued at approximately $1,797,000. Ingersoll-Rand PLC (Ireland) makes up 1.4% of Geneva Partners LLC’s investment portfolio, making the stock its 28th biggest position.

Other hedge funds have also made changes to their positions in the company. Amalgamated Bank increased its stake in Ingersoll-Rand PLC (Ireland) by 56.9% during the 2nd quarter. Amalgamated Bank now owns 29,501 shares of the industrial products company’s stock valued at $2,696,000 after purchasing an additional 10,702 shares in the last quarter. Aviva PLC boosted its holdings in Ingersoll-Rand PLC (Ireland) by 1.1% during the 2nd quarter. Aviva PLC now owns 163,875 shares of the industrial products company’s stock worth $14,982,000 after acquiring an additional 1,850 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Ingersoll-Rand PLC (Ireland) by 15.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 43,190 shares of the industrial products company’s stock worth $3,934,000 after acquiring an additional 5,650 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new position in Ingersoll-Rand PLC (Ireland) during the 2nd quarter worth $2,321,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Ingersoll-Rand PLC (Ireland) by 0.5% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 585,096 shares of the industrial products company’s stock worth $53,472,000 after acquiring an additional 2,899 shares during the last quarter. Institutional investors and hedge funds own 81.65% of the company’s stock.

Ingersoll-Rand PLC (NYSE:IR) traded down $0.14 during midday trading on Monday, reaching $85.12. 1,329,500 shares of the company’s stock traded hands, compared to its average volume of 1,726,532. The stock has a market capitalization of $21,268.76, a P/E ratio of 19.61, a PEG ratio of 2.05 and a beta of 1.37. Ingersoll-Rand PLC has a 1-year low of $74.02 and a 1-year high of $96.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.89 and a current ratio of 1.24.

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, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.01. Ingersoll-Rand PLC (Ireland) had a net margin of 7.47% and a return on equity of 16.65%. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the prior year, the firm earned $1.41 earnings per share. The company’s revenue was up 2.9% compared to the same quarter last year. equities research analysts expect that Ingersoll-Rand PLC will post 4.51 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Thursday, December 7th. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is presently 44.89%.

A number of research firms have issued reports on IR. Citigroup Inc. lifted their price objective on shares of Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Stifel Nicolaus cut their price objective on shares of Ingersoll-Rand PLC (Ireland) from $103.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Royal Bank Of Canada cut their price objective on shares of Ingersoll-Rand PLC (Ireland) from $93.00 to $91.00 and set a “sector perform” rating on the stock in a report on Thursday, October 26th. Bank of America Corporation downgraded shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 price objective on the stock. in a report on Tuesday, October 17th. Finally, Morgan Stanley downgraded shares of Ingersoll-Rand PLC (Ireland) from an “overweight” rating to an “equal weight” rating and set a $98.00 price objective on the stock. in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $99.18.

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In other news, insider Marcia J. Avedon sold 10,460 shares of the company’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $94.00, for a total transaction of $983,240.00. Following the sale, the insider now directly owns 111,637 shares in the company, valued at $10,493,878. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Paul A. Camuti sold 14,097 shares of the company’s stock in a transaction dated 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 $6,311,705. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

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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