LS Investment Advisors LLC boosted its position in shares of Ingersoll-Rand PLC (NYSE:IR) by 0.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,622 shares of the company’s stock after buying an additional 10 shares during the period. LS Investment Advisors LLC’s holdings in Ingersoll-Rand PLC were worth $804,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Oakworth Capital Inc. boosted its stake in Ingersoll-Rand PLC by 2,097.9% in the second quarter. Oakworth Capital Inc. now owns 3,143 shares of the company’s stock worth $210,000 after buying an additional 3,000 shares during the period. Fox Run Management L.L.C. purchased a new stake in Ingersoll-Rand PLC during the second quarter worth about $223,000. M&R Capital Management Inc. purchased a new stake in Ingersoll-Rand PLC during the first quarter worth about $236,000. Advisor Partners LLC boosted its stake in Ingersoll-Rand PLC by 4.1% in the first quarter. Advisor Partners LLC now owns 4,078 shares of the company’s stock worth $253,000 after buying an additional 162 shares during the period. Finally, Virginia Retirement System purchased a new stake in Ingersoll-Rand PLC during the first quarter worth about $262,000. Institutional investors own 80.96% of the company’s stock.
Ingersoll-Rand PLC (NYSE:IR) traded up 1.76% during mid-day trading on Wednesday, hitting $65.92. 1,966,087 shares of the stock traded hands. The stock has a market capitalization of $17.01 billion, a PE ratio of 12.14 and a beta of 1.26. The company has a 50 day moving average price of $66.46 and a 200-day moving average price of $65.48. Ingersoll-Rand PLC has a one year low of $47.08 and a one year high of $68.97.
Ingersoll-Rand PLC (NYSE:IR) last announced its earnings results on Wednesday, July 27th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.30 by $0.08. The business earned $3.69 billion during the quarter, compared to the consensus estimate of $3.70 billion. Ingersoll-Rand PLC had a net margin of 10.71% and a return on equity of 17.73%. Ingersoll-Rand PLC’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.20 EPS. Equities analysts anticipate that Ingersoll-Rand PLC will post $4.09 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, December 7th. This represents a $1.60 dividend on an annualized basis and a yield of 2.43%. This is an increase from Ingersoll-Rand PLC’s previous quarterly dividend of $0.32. Ingersoll-Rand PLC’s payout ratio is currently 23.53%.
IR has been the subject of a number of recent analyst reports. Jefferies Group restated a “buy” rating on shares of Ingersoll-Rand PLC in a report on Thursday, July 28th. Stifel Nicolaus reduced their target price on shares of Ingersoll-Rand PLC from $77.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, July 28th. Credit Suisse Group AG reiterated a “buy” rating and issued a $72.00 target price on shares of Ingersoll-Rand PLC in a research note on Sunday, July 10th. KeyCorp reiterated a “hold” rating on shares of Ingersoll-Rand PLC in a research note on Monday. Finally, Zacks Investment Research upgraded shares of Ingersoll-Rand PLC from a “sell” rating to a “hold” rating and set a $77.00 target price for the company in a research note on Tuesday, October 4th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Ingersoll-Rand PLC has an average rating of “Buy” and a consensus price target of $68.00.
In other Ingersoll-Rand PLC news, insider Marcia J. Avedon sold 5,815 shares of the business’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $68.17, for a total value of $396,408.55. Following the completion of the sale, the insider now owns 117,192 shares of the company’s stock, valued at approximately $7,988,978.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard J. Swift sold 2,100 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $67.99, for a total transaction of $142,779.00. Following the completion of the sale, the director now directly owns 66,648 shares of the company’s stock, valued at approximately $4,531,397.52. The disclosure for this sale can be found here. 0.65% of the stock is currently 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.