MU Investments Co. Ltd. maintained its position in shares of Ingersoll-Rand PLC (NYSE:IR) during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 58,200 shares of the company’s stock at the end of the first quarter. Ingersoll-Rand PLC makes up about 3.3% of MU Investments Co. Ltd.’s investment portfolio, making the stock its 22nd largest position. MU Investments Co. Ltd.’s holdings in Ingersoll-Rand PLC were worth $4,708,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in IR. Synovus Financial Corp raised its position in shares of Ingersoll-Rand PLC by 175.2% in the third quarter. Synovus Financial Corp now owns 1,544 shares of the company’s stock valued at $105,000 after buying an additional 983 shares during the period. World Asset Management Inc raised its position in Ingersoll-Rand PLC by 2.0% in the third quarter. World Asset Management Inc now owns 26,762 shares of the company’s stock valued at $1,818,000 after buying an additional 519 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Ingersoll-Rand PLC by 3.6% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 39,736 shares of the company’s stock valued at $2,700,000 after buying an additional 1,368 shares during the last quarter. Edmp Inc. bought a new position in Ingersoll-Rand PLC during the third quarter valued at about $205,000. Finally, Hermes Investment Management Ltd. raised its position in Ingersoll-Rand PLC by 184.6% in the third quarter. Hermes Investment Management Ltd. now owns 347,549 shares of the company’s stock valued at $23,612,000 after buying an additional 225,451 shares during the last quarter. Hedge funds and other institutional investors own 82.76% of the company’s stock.
Ingersoll-Rand PLC (NYSE:IR) traded up 0.20% on Monday, hitting $82.02. The stock had a trading volume of 217,758 shares. The stock’s 50-day moving average is $80.60 and its 200 day moving average is $75.83. Ingersoll-Rand PLC has a 1-year low of $59.10 and a 1-year high of $83.99.
Ingersoll-Rand PLC (NYSE:IR) last posted its earnings results on Wednesday, February 1st. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by $0.08. The firm earned $3.36 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Ingersoll-Rand PLC had a return on equity of 16.70% and a net margin of 10.93%. Ingersoll-Rand PLC’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.94 earnings per share. On average, equities research analysts expect that Ingersoll-Rand PLC will post $4.48 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 9th will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.95%. Ingersoll-Rand PLC’s dividend payout ratio is currently 28.42%.
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Several equities analysts recently issued reports on the company. Credit Suisse Group AG restated a “buy” rating and set a $84.00 price target on shares of Ingersoll-Rand PLC in a research report on Tuesday, April 11th. Zacks Investment Research upgraded Ingersoll-Rand PLC from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research report on Wednesday, April 5th. Wells Fargo & Co upgraded Ingersoll-Rand PLC from a “market perform” rating to an “outperform” rating in a research report on Monday, March 20th. Jefferies Group LLC restated a “buy” rating and set a $90.00 price target on shares of Ingersoll-Rand PLC in a research report on Friday, March 31st. Finally, Evercore ISI lowered Ingersoll-Rand PLC from a “buy” rating to a “hold” rating in a research report on Friday, February 10th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $81.14.
In other Ingersoll-Rand PLC news, insider Keith A. Sultana sold 1,046 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $79.95, for a total transaction of $83,627.70. Following the sale, the insider now directly owns 10,573 shares of the company’s stock, valued at $845,311.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Didier P. Teirlinck sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $80.87, for a total value of $485,220.00. Following the sale, the executive vice president now directly owns 128,776 shares in the company, valued at $10,414,115.12. The disclosure for this sale can be found here. Insiders sold 26,541 shares of company stock worth $2,159,114 over the last quarter. 0.65% of the stock is owned by company 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.
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