Ingersoll-Rand PLC (Ireland) (IR) Shares Bought by OxFORD Asset Management LLP

OxFORD Asset Management LLP lifted its position in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 12.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,298 shares of the industrial products company’s stock after purchasing an additional 2,079 shares during the quarter. OxFORD Asset Management LLP’s holdings in Ingersoll-Rand PLC (Ireland) were worth $1,721,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in IR. Vanguard Group Inc. grew its holdings in Ingersoll-Rand PLC (Ireland) by 1.5% during the second quarter. Vanguard Group Inc. now owns 16,727,145 shares of the industrial products company’s stock worth $1,528,695,000 after acquiring an additional 245,210 shares during the period. JPMorgan Chase & Co. grew its holdings in Ingersoll-Rand PLC (Ireland) by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 12,144,210 shares of the industrial products company’s stock valued at $1,070,876,000 after purchasing an additional 217,865 shares during the period. Ameriprise Financial Inc. grew its holdings in Ingersoll-Rand PLC (Ireland) by 1.2% in the third quarter. Ameriprise Financial Inc. now owns 5,874,474 shares of the industrial products company’s stock valued at $523,825,000 after purchasing an additional 70,636 shares during the period. TIAA CREF Investment Management LLC grew its holdings in Ingersoll-Rand PLC (Ireland) by 0.6% in the second quarter. TIAA CREF Investment Management LLC now owns 2,847,766 shares of the industrial products company’s stock valued at $260,257,000 after purchasing an additional 17,055 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Ingersoll-Rand PLC (Ireland) by 5.9% in the third quarter. Victory Capital Management Inc. now owns 1,741,228 shares of the industrial products company’s stock valued at $155,265,000 after purchasing an additional 97,058 shares during the period. Hedge funds and other institutional investors own 82.87% of the company’s stock.

In other Ingersoll-Rand PLC (Ireland) news, insider Marcia J. Avedon sold 10,460 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction on Monday, October 23rd. The stock was 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 in the company, valued at $10,493,878. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Paul A. Camuti sold 14,097 shares of Ingersoll-Rand PLC (Ireland) 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 completion of the sale, the senior vice president now owns 66,439 shares in the company, valued at approximately $6,311,705. The disclosure for this sale can be found here. Company insiders own 0.63% of the company’s stock.

Shares of Ingersoll-Rand PLC (NYSE:IR) opened at $86.75 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 0.89. The stock has a market capitalization of $21,676.05, a P/E ratio of 19.99, a PEG ratio of 2.09 and a beta of 1.35. Ingersoll-Rand PLC has a 12 month low of $74.35 and a 12 month high of $96.23.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.44 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter last year, the business posted $1.41 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. research analysts predict that Ingersoll-Rand PLC will post 4.51 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be given 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 payout ratio is 44.89%.

Several brokerages have commented on IR. Citigroup raised their price objective on Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the company a “buy” rating in a report on Monday, October 9th. Stifel Nicolaus dropped their price objective on 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 dropped their price objective on 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 lowered 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 lowered 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 assigned a buy rating to the stock. Ingersoll-Rand PLC (Ireland) currently 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.

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

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