Bp Plc continued to hold its stake in Ingersoll-Rand PLC (NYSE:IR) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 32,000 shares of the industrial products company’s stock at the end of the second quarter. Bp Plc’s holdings in Ingersoll-Rand PLC were worth $2,925,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Advisor Partners LLC raised its stake in Ingersoll-Rand PLC by 2.9% in the second quarter. Advisor Partners LLC now owns 5,935 shares of the industrial products company’s stock worth $542,000 after buying an additional 165 shares in the last quarter. IFP Advisors Inc raised its stake in Ingersoll-Rand PLC by 6.9% in the second quarter. IFP Advisors Inc now owns 5,073 shares of the industrial products company’s stock worth $464,000 after buying an additional 327 shares in the last quarter. Rand Wealth LLC raised its stake in Ingersoll-Rand PLC by 2.5% in the second quarter. Rand Wealth LLC now owns 20,748 shares of the industrial products company’s stock worth $1,896,000 after buying an additional 498 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in Ingersoll-Rand PLC by 7.3% in the second quarter. Stratos Wealth Partners LTD. now owns 7,400 shares of the industrial products company’s stock worth $676,000 after buying an additional 506 shares in the last quarter. Finally, Essex Investment Management Co. LLC raised its stake in Ingersoll-Rand PLC by 10.6% in the second quarter. Essex Investment Management Co. LLC now owns 3,505 shares of the industrial products company’s stock worth $320,000 after buying an additional 337 shares in the last quarter. Institutional investors and hedge funds own 83.11% of the company’s stock.
Ingersoll-Rand PLC (IR) opened at 87.26 on Thursday. Ingersoll-Rand PLC has a 12 month low of $62.40 and a 12 month high of $94.39. The stock has a market capitalization of $22.13 billion, a P/E ratio of 21.66 and a beta of 1.31. The company’s 50-day moving average is $90.53 and its 200-day moving average is $85.57.
Ingersoll-Rand PLC (NYSE:IR) last announced its earnings results on Wednesday, July 26th. The industrial products company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.46 by $0.03. The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.78 billion. Ingersoll-Rand PLC had a net margin of 9.05% and a return on equity of 21.12%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the company posted $1.38 EPS. Equities analysts anticipate that Ingersoll-Rand PLC will post $4.54 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued a dividend of $0.45 per share. This is an increase from Ingersoll-Rand PLC’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, September 7th. Ingersoll-Rand PLC’s dividend payout ratio (DPR) is 39.80%.
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A number of research firms have recently issued reports on IR. BidaskClub lowered shares of Ingersoll-Rand PLC from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Zacks Investment Research lowered shares of Ingersoll-Rand PLC from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Royal Bank Of Canada restated a “sector perform” rating and set a $93.00 price target (up previously from $90.00) on shares of Ingersoll-Rand PLC in a report on Thursday, July 27th. UBS AG set a $97.00 price target on shares of Ingersoll-Rand PLC and gave the company a “buy” rating in a report on Thursday, July 27th. Finally, Wolfe Research began coverage on shares of Ingersoll-Rand PLC in a report on Tuesday, July 11th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $97.43.
In other news, Director Richard J. Swift sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $88.03, for a total transaction of $220,075.00. Following the completion of the transaction, the director now directly owns 65,932 shares of the company’s stock, valued at approximately $5,803,993.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert Zafari sold 1,483 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $89.59, for a total transaction of $132,861.97. Following the transaction, the executive vice president now directly owns 66,944 shares of the company’s stock, valued at $5,997,512.96. The disclosure for this sale can be found here. Insiders have sold a total of 14,443 shares of company stock worth $1,292,381 over the last 90 days. 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.
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