UBS Asset Management Americas Inc. Has $251.88 Million Holding in Ingersoll-Rand PLC (IR)

UBS Asset Management Americas Inc. Has $251.88 Million Holding in Ingersoll-Rand PLC (IR)

UBS Asset Management Americas Inc. decreased its position in Ingersoll-Rand PLC (NYSE:IR) by 3.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,097,336 shares of the industrial products company’s stock after selling 99,773 shares during the period. UBS Asset Management Americas Inc.’s holdings in Ingersoll-Rand PLC were worth $251,875,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. boosted its position in shares of Ingersoll-Rand PLC by 20.1% in the fourth quarter. Bessemer Group Inc. now owns 1,693 shares of the industrial products company’s stock worth $127,000 after buying an additional 283 shares in the last quarter. Parallel Advisors LLC bought a new stake in shares of Ingersoll-Rand PLC during the fourth quarter worth $137,000. Tradewinds Capital Management LLC raised its stake in shares of 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 worth $137,000 after buying an additional 140 shares in the last quarter. SRB Corp raised its stake in shares of Ingersoll-Rand PLC by 5.6% in the third quarter. SRB Corp now owns 2,313 shares of the industrial products company’s stock worth $157,000 after buying an additional 123 shares in the last quarter. Finally, Courier Capital LLC bought a new stake in shares of Ingersoll-Rand PLC during the first quarter worth $204,000. Hedge funds and other institutional investors own 82.76% of the company’s stock.

Ingersoll-Rand PLC (IR) opened at 89.60 on Friday. Ingersoll-Rand PLC has a 12 month low of $59.10 and a 12 month high of $90.18. The stock’s 50 day moving average is $87.57 and its 200-day moving average is $80.80. The company has a market capitalization of $22.94 billion, a PE ratio of 16.28 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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the previous year, the business posted $0.50 earnings per share. Ingersoll-Rand PLC’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts expect that Ingersoll-Rand PLC will post $4.51 EPS for the current year.

The firm also recently disclosed 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 1.79%. Ingersoll-Rand PLC’s payout ratio is 28.42%.

IR has been the subject of a number of analyst reports. Wells Fargo & Co raised shares of Ingersoll-Rand PLC from a “market perform” rating to an “outperform” rating in a report on Monday, March 20th. Evercore ISI lowered shares of Ingersoll-Rand PLC from a “buy” rating to a “hold” rating in a report on Friday, February 10th. Jefferies Group LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Ingersoll-Rand PLC in a report on Friday, March 31st. Credit Suisse Group AG reaffirmed a “buy” rating and set a $84.00 target price on shares of Ingersoll-Rand PLC in a report on Sunday, February 5th. Finally, Zacks Investment Research lowered shares of Ingersoll-Rand PLC from a “buy” rating to a “hold” rating in a report on Thursday, May 25th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $93.17.

In other news, EVP Robert Zafari sold 1,483 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $89.59, for a total value of $132,861.97. Following the completion of the sale, the executive vice president now directly owns 66,944 shares in the company, valued at approximately $5,997,512.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Marcia J. Avedon sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, April 27th. The stock was 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 owns 118,297 shares of the company’s stock, valued at $10,591,130.41. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,983 shares of company stock valued at $1,341,902. Company 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.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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