The Ingersoll-Rand PLC (IR) Stake Raised by Xact Kapitalforvaltning AB

The Ingersoll-Rand PLC (IR) Stake Raised by Xact Kapitalforvaltning AB

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Comerica Bank raised its stake in Ingersoll-Rand PLC by 3.8% in the first quarter. Comerica Bank now owns 76,280 shares of the industrial products company’s stock valued at $6,808,000 after buying an additional 2,813 shares in the last quarter. Tradewinds Capital Management LLC raised its stake in Ingersoll-Rand PLC by 9.0% in the first quarter. Tradewinds Capital Management LLC now owns 1,690 shares of the industrial products company’s stock valued at $137,000 after buying an additional 140 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Ingersoll-Rand PLC by 209.0% in the first quarter. BNP Paribas Arbitrage SA now owns 214,435 shares of the industrial products company’s stock valued at $17,438,000 after buying an additional 145,041 shares in the last quarter. Elkfork Partners LLC raised its stake in Ingersoll-Rand PLC by 86.4% in the first quarter. Elkfork Partners LLC now owns 82,756 shares of the industrial products company’s stock valued at $6,730,000 after buying an additional 38,352 shares in the last quarter. Finally, US Bancorp DE raised its stake in Ingersoll-Rand PLC by 1.1% in the first quarter. US Bancorp DE now owns 151,030 shares of the industrial products company’s stock valued at $12,281,000 after buying an additional 1,705 shares in the last quarter. 82.76% of the stock is owned by institutional investors.

Xact Kapitalforvaltning AB increased its position in shares of Ingersoll-Rand PLC (NYSE:IR) by 18.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,185 shares of the industrial products company’s stock after buying an additional 9,705 shares during the period. Xact Kapitalforvaltning AB’s holdings in Ingersoll-Rand PLC were worth $5,057,000 as of its most recent SEC filing.

Ingersoll-Rand PLC (NYSE:IR) opened at 89.48 on Monday. The stock has a 50 day moving average of $87.79 and a 200 day moving average of $80.90. Ingersoll-Rand PLC has a 12-month low of $59.10 and a 12-month high of $90.18. The firm has a market capitalization of $22.91 billion, a price-to-earnings ratio of 16.26 and a beta of 1.31.

Ingersoll-Rand PLC (NYSE:IR) last posted its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Ingersoll-Rand PLC had a return on equity of 16.70% and a net margin of 10.93%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 EPS. Equities research analysts anticipate that Ingersoll-Rand PLC will post $4.51 earnings per share for the current year. The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 9th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Wednesday, June 7th. Ingersoll-Rand PLC’s payout ratio is 28.42%.

Ingersoll-Rand PLC (NYSE:IR) last posted its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Ingersoll-Rand PLC had a return on equity of 16.70% and a net margin of 10.93%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 EPS. Equities research analysts anticipate that Ingersoll-Rand PLC will post $4.51 earnings per share for the current year. A number of brokerages have weighed in on IR. Zacks Investment Research lowered shares of Ingersoll-Rand PLC from a “buy” rating to a “hold” rating in a report on Wednesday, May 31st. Royal Bank of Canada raised their target price on shares of Ingersoll-Rand PLC from $83.00 to $85.00 and gave the company a “sector perform” rating in a research note on Thursday, April 27th. Evercore ISI downgraded shares of Ingersoll-Rand PLC from a “buy” rating to a “hold” rating in a research note on Friday, February 10th. BMO Capital Markets reissued a “buy” rating and issued a $87.00 target price on shares of Ingersoll-Rand PLC in a research note on Thursday, April 20th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of Ingersoll-Rand PLC in a research note on Friday, March 31st. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $93.17.

In other Ingersoll-Rand PLC news, insider Marcia J. Avedon sold 10,000 shares of the company’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $89.53, for a total value of $895,300.00. Following the completion of the transaction, the insider now owns 118,297 shares in the company, valued at approximately $10,591,130.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul A. Camuti sold 3,500 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $89.64, for a total value of $313,740.00. Following the completion of the transaction, the insider now owns 61,519 shares of the company’s stock, valued at approximately $5,514,563.16. The disclosure for this sale can be found here. Insiders have sold 14,983 shares of company stock worth $1,341,902 over the last ninety days. 0.65% of the stock is owned by insiders. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “IR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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