Appleton Partners Inc. MA Has $214,000 Position in Ingersoll-Rand PLC (IR)

Appleton Partners Inc. MA Has $214,000 Position in Ingersoll-Rand PLC (IR)

Appleton Partners Inc. MA lowered its stake in shares of Ingersoll-Rand PLC (NYSE:IR) by 23.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,632 shares of the industrial products company’s stock after selling 795 shares during the period. Appleton Partners Inc. MA’s holdings in Ingersoll-Rand PLC were worth $214,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. First Houston Capital Inc. increased its position in Ingersoll-Rand PLC by 168.7% in the first quarter. First Houston Capital Inc. now owns 18,000 shares of the industrial products company’s stock valued at $1,464,000 after buying an additional 11,300 shares during the last quarter. Great West Life Assurance Co. Can increased its position in Ingersoll-Rand PLC by 16.8% in the first quarter. Great West Life Assurance Co. Can now owns 341,308 shares of the industrial products company’s stock valued at $27,741,000 after buying an additional 48,971 shares during the last quarter. Bowling Portfolio Management LLC purchased a new position in Ingersoll-Rand PLC during the first quarter valued at about $2,076,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Ingersoll-Rand PLC by 3.9% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 41,461 shares of the industrial products company’s stock valued at $3,372,000 after buying an additional 1,553 shares during the last quarter. Finally, Advisor Partners LLC increased its position in Ingersoll-Rand PLC by 19.8% in the first quarter. Advisor Partners LLC now owns 5,770 shares of the industrial products company’s stock valued at $469,000 after buying an additional 952 shares during the last quarter. Hedge funds and other institutional investors own 82.76% of the company’s stock.

Shares of Ingersoll-Rand PLC (NYSE:IR) traded up 0.21% during midday trading on Friday, reaching $90.01. The company’s stock had a trading volume of 1,047,879 shares. The company has a 50 day moving average of $83.34 and a 200-day moving average of $78.03. Ingersoll-Rand PLC has a 52 week low of $59.10 and a 52 week high of $90.18. The stock has a market capitalization of $23.04 billion, a price-to-earnings ratio of 16.35 and a beta of 1.31.

Ingersoll-Rand PLC (NYSE:IR) last announced its earnings results on Wednesday, April 26th. The industrial products company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. Ingersoll-Rand PLC had a net margin of 10.93% and a return on equity of 16.70%. The business earned $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the company earned $0.50 earnings per share. The business’s revenue was up 3.7% 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 year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 9th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.78%. Ingersoll-Rand PLC’s payout ratio is 28.42%.

Several equities analysts recently issued reports on IR shares. Wells Fargo & Co raised Ingersoll-Rand PLC from a “market perform” rating to an “outperform” rating in a research report on Monday, March 20th. Jefferies Group LLC reissued a “buy” rating on shares of Ingersoll-Rand PLC in a research report on Wednesday, January 25th. Evercore ISI downgraded Ingersoll-Rand PLC from a “buy” rating to a “hold” rating in a research report on Friday, February 10th. Credit Suisse Group AG reissued a “buy” rating and issued a $84.00 target price on shares of Ingersoll-Rand PLC in a research report on Sunday, February 5th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $87.00 target price on shares of Ingersoll-Rand PLC in a research report on Thursday, April 20th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $91.67.

In other news, EVP Didier P. Teirlinck sold 3,635 shares of the company’s stock in a transaction dated Tuesday, February 14th. The shares were sold at an average price of $81.63, for a total value of $296,725.05. Following the completion of the sale, the executive vice president now directly owns 110,069 shares of the company’s stock, valued at $8,984,932.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Marcia J. Avedon sold 10,000 shares of the company’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $89.53, for a total transaction of $895,300.00. Following the completion of the sale, the insider now directly owns 118,297 shares of the company’s stock, valued at $10,591,130.41. The disclosure for this sale can be found here. Insiders sold 36,541 shares of company stock valued at $3,054,414 over the last ninety days. Corporate insiders own 0.65% of the company’s stock.

About Ingersoll-Rand PLC

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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