JPMorgan Chase & Co. boosted its position in Ingersoll-Rand PLC (NYSE:IR) by 57.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,256,871 shares of the company’s stock after buying an additional 1,192,428 shares during the period. JPMorgan Chase & Co. owned about 1.26% of Ingersoll-Rand PLC worth $221,272,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IR. Creative Planning boosted its stake in Ingersoll-Rand PLC by 0.7% in the third quarter. Creative Planning now owns 9,005 shares of the company’s stock worth $612,000 after buying an additional 61 shares during the last quarter. Moody Lynn & Lieberson LLC boosted its stake in Ingersoll-Rand PLC by 1.3% in the second quarter. Moody Lynn & Lieberson LLC now owns 5,827 shares of the company’s stock worth $371,000 after buying an additional 77 shares during the last quarter. First Allied Advisory Services Inc. boosted its stake in Ingersoll-Rand PLC by 1.3% in the second quarter. First Allied Advisory Services Inc. now owns 6,252 shares of the company’s stock worth $399,000 after buying an additional 78 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in Ingersoll-Rand PLC by 0.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 19,893 shares of the company’s stock worth $1,266,000 after buying an additional 82 shares during the last quarter. Finally, Advisor Partners LLC boosted its stake in Ingersoll-Rand PLC by 2.5% in the second quarter. Advisor Partners LLC now owns 4,181 shares of the company’s stock worth $266,000 after buying an additional 103 shares during the last quarter. Institutional investors own 81.48% of the company’s stock.

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

Ingersoll-Rand PLC (NYSE:IR) opened at 74.54 on Thursday. The firm has a market cap of $19.26 billion, a P/E ratio of 12.93 and a beta of 1.32. The company has a 50-day moving average of $69.87 and a 200 day moving average of $67.07. Ingersoll-Rand PLC has a 52 week low of $47.08 and a 52 week high of $76.45.

Ingersoll-Rand PLC (NYSE:IR) last issued its earnings results on Wednesday, October 26th. The company reported $1.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.12. Ingersoll-Rand PLC had a return on equity of 17.70% and a net margin of 11.21%. The firm had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.55 billion. During the same period last year, the company earned $1.21 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities 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. Shareholders of record on Friday, December 9th will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, December 7th. This is a positive change from Ingersoll-Rand PLC’s previous quarterly dividend of $0.32. This represents a $1.60 annualized dividend and a yield of 2.15%. Ingersoll-Rand PLC’s dividend payout ratio (DPR) is currently 22.22%.

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A number of brokerages have recently commented on IR. Buckingham Research cut shares of Ingersoll-Rand PLC from a “buy” rating to a “neutral” rating in a report on Wednesday, November 16th. Zacks Investment Research cut shares of Ingersoll-Rand PLC from a “buy” rating to a “hold” rating in a report on Friday, November 11th. KeyCorp reaffirmed a “hold” rating on shares of Ingersoll-Rand PLC in a report on Monday, October 10th. Royal Bank Of Canada boosted their price objective on shares of Ingersoll-Rand PLC from $74.00 to $76.00 and gave the company a “sector perform” rating in a research note on Thursday, October 27th. Finally, Jefferies Group reissued a “buy” rating on shares of Ingersoll-Rand PLC in a research note on Wednesday, August 3rd. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $69.41.

In other news, EVP Didier P. Teirlinck sold 9,090 shares of the firm’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $70.00, for a total transaction of $636,300.00. Following the transaction, the executive vice president now directly owns 116,709 shares of the company’s stock, valued at $8,169,630. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard J. Swift sold 2,100 shares of the firm’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $67.99, for a total value of $142,779.00. Following the transaction, the director now directly owns 66,648 shares in the company, valued at $4,531,397.52. The disclosure for this sale can be found here. 0.65% of the stock is owned by company insiders.

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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