US Bancorp DE boosted its stake in shares of Ingersoll-Rand PLC (NYSE:IR) by 13.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 156,533 shares of the company’s stock after buying an additional 18,331 shares during the period. US Bancorp DE’s holdings in Ingersoll-Rand PLC were worth $10,634,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IR. Synovus Financial Corp raised its stake 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. Penserra Capital Management LLC raised its stake in shares of Ingersoll-Rand PLC by 100.0% in the third quarter. Penserra Capital Management LLC now owns 1,872 shares of the company’s stock worth $127,000 after buying an additional 936 shares during the period. Howe & Rusling Inc. raised its stake in shares of Ingersoll-Rand PLC by 47.4% in the second quarter. Howe & Rusling Inc. now owns 2,112 shares of the company’s stock worth $134,000 after buying an additional 679 shares during the period. Washington Trust Bank raised its stake in shares of Ingersoll-Rand PLC by 39.6% in the third quarter. Washington Trust Bank now owns 2,374 shares of the company’s stock worth $161,000 after buying an additional 674 shares during the period. Finally, Zions Bancorporation raised its stake in shares of Ingersoll-Rand PLC by 30.1% in the second quarter. Zions Bancorporation now owns 2,575 shares of the company’s stock worth $166,000 after buying an additional 596 shares during the period. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Ingersoll-Rand PLC (NYSE:IR)

Ingersoll-Rand PLC (NYSE:IR) traded down 0.206% during midday trading on Wednesday, hitting $74.905. The stock had a trading volume of 758,998 shares. The stock has a 50-day moving average price of $69.87 and a 200 day moving average price of $67.07. The firm has a market cap of $19.35 billion, a PE ratio of 12.998 and a beta of 1.32. Ingersoll-Rand PLC has a one year low of $47.08 and a one year high of $76.45.

Ingersoll-Rand PLC (NYSE:IR) last announced its earnings results on Wednesday, October 26th. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.29 by $0.12. The business had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.55 billion. Ingersoll-Rand PLC had a return on equity of 17.70% and a net margin of 11.21%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the business posted $1.21 EPS. On average, analysts predict that Ingersoll-Rand PLC will post $4.20 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 9th will be issued a dividend of $0.40 per share. This is an increase from Ingersoll-Rand PLC’s previous quarterly dividend of $0.32. This represents a $1.60 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Wednesday, December 7th. Ingersoll-Rand PLC’s dividend payout ratio (DPR) is presently 22.22%.

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A number of analysts have issued reports on IR shares. Zacks Investment Research lowered shares of Ingersoll-Rand PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, September 27th. Jefferies Group reiterated a “buy” rating on shares of Ingersoll-Rand PLC in a research note on Wednesday, August 3rd. KeyCorp reiterated a “hold” rating on shares of Ingersoll-Rand PLC in a research note on Monday, October 10th. Royal Bank Of Canada boosted their price target on shares of Ingersoll-Rand PLC from $74.00 to $76.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 27th. Finally, Buckingham Research lowered shares of Ingersoll-Rand PLC from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 16th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Ingersoll-Rand PLC has a consensus rating of “Buy” and an average price target of $69.41.

In related news, EVP Didier P. Teirlinck sold 28,117 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $67.51, for a total transaction of $1,898,178.67. Following the sale, the executive vice president now directly owns 135,532 shares in the company, valued at approximately $9,149,765.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard J. Swift sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $67.99, for a total value of $142,779.00. Following the sale, the director now owns 66,648 shares in the company, valued at $4,531,397.52. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

Ingersoll-Rand PLC Company Profile

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.

5 Day Chart for NYSE:IR

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