Cubist Systematic Strategies LLC Sells 3,240 Shares of Ingersoll-Rand PLC (Ireland) (IR)

Cubist Systematic Strategies LLC lowered its holdings in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 14.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,552 shares of the industrial products company’s stock after selling 3,240 shares during the period. Cubist Systematic Strategies LLC’s holdings in Ingersoll-Rand PLC (Ireland) were worth $1,654,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Advisory Services Network LLC grew its holdings in Ingersoll-Rand PLC (Ireland) by 19.5% during the 2nd quarter. Advisory Services Network LLC now owns 1,304 shares of the industrial products company’s stock valued at $119,000 after purchasing an additional 213 shares in the last quarter. Acrospire Investment Management LLC grew its holdings in Ingersoll-Rand PLC (Ireland) by 250.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the industrial products company’s stock valued at $128,000 after purchasing an additional 1,000 shares in the last quarter. Harfst & Associates Inc. grew its holdings in Ingersoll-Rand PLC (Ireland) by 43.9% during the 2nd quarter. Harfst & Associates Inc. now owns 1,580 shares of the industrial products company’s stock valued at $144,000 after purchasing an additional 482 shares in the last quarter. Bessemer Group Inc. grew its holdings in Ingersoll-Rand PLC (Ireland) by 185.5% during the 3rd quarter. Bessemer Group Inc. now owns 1,967 shares of the industrial products company’s stock valued at $175,000 after purchasing an additional 1,278 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in Ingersoll-Rand PLC (Ireland) by 5.0% during the 2nd quarter. Parallel Advisors LLC now owns 2,103 shares of the industrial products company’s stock valued at $185,000 after purchasing an additional 100 shares in the last quarter. 82.87% of the stock is owned by institutional investors.

Ingersoll-Rand PLC (NYSE:IR) opened at $86.75 on Friday. Ingersoll-Rand PLC has a 52 week low of $74.35 and a 52 week high of $96.23. The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.43. The company has a market cap of $21,496.13, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 2.08 and a beta of 1.35.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.44 EPS for the quarter, beating the Zacks’ 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 firm 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 posted $1.41 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. equities research analysts predict that Ingersoll-Rand PLC will post 4.51 earnings per share for the current fiscal year.

The business also recently disclosed 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 2.07%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is 44.89%.

In other news, SVP Paul A. Camuti sold 14,097 shares of the firm’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 transaction, the senior vice president now directly owns 66,439 shares in the company, valued at approximately $6,311,705. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Marcia J. Avedon sold 10,460 shares of the firm’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 completion of the transaction, the insider now owns 111,637 shares in the company, valued at $10,493,878. The disclosure for this sale can be found here. Corporate insiders own 0.63% of the company’s stock.

A number of equities research analysts recently weighed in on IR shares. Stifel Nicolaus reaffirmed a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a report on Thursday, August 24th. Citigroup raised their price target on shares of Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the company a “buy” rating in a report on Monday, October 9th. Jefferies Group reaffirmed a “buy” rating and set a $105.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a report on Tuesday, September 12th. ValuEngine raised shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Finally, Morgan Stanley lowered shares of Ingersoll-Rand PLC (Ireland) from an “overweight” rating to an “equal weight” rating and set a $98.00 price target for the company. in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. Ingersoll-Rand PLC (Ireland) presently has a consensus rating of “Hold” and an average target price of $99.18.

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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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