Janus Henderson Group PLC increased its stake in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 35.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 967,271 shares of the industrial products company’s stock after buying an additional 250,819 shares during the quarter. Janus Henderson Group PLC owned about 0.39% of Ingersoll-Rand PLC (Ireland) worth $86,252,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of IR. Advisory Services Network LLC grew its stake in shares of Ingersoll-Rand PLC (Ireland) by 19.5% in the second quarter. Advisory Services Network LLC now owns 1,304 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 213 shares in the last quarter. Acrospire Investment Management LLC grew its stake in shares of Ingersoll-Rand PLC (Ireland) by 250.0% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the industrial products company’s stock worth $128,000 after purchasing an additional 1,000 shares in the last quarter. Harfst & Associates Inc. boosted its stake in Ingersoll-Rand PLC (Ireland) by 43.9% during the second quarter. Harfst & Associates Inc. now owns 1,580 shares of the industrial products company’s stock valued at $144,000 after buying an additional 482 shares in the last quarter. Bessemer Group Inc. boosted its stake in Ingersoll-Rand PLC (Ireland) by 185.5% during the third quarter. Bessemer Group Inc. now owns 1,967 shares of the industrial products company’s stock valued at $175,000 after buying an additional 1,278 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in Ingersoll-Rand PLC (Ireland) by 5.0% during the second quarter. Parallel Advisors LLC now owns 2,103 shares of the industrial products company’s stock valued at $185,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 82.87% of the company’s stock.

In other news, insider Marcia J. Avedon sold 10,460 shares of the firm’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $94.00, for a total transaction of $983,240.00. Following the completion of the sale, the insider now directly owns 111,637 shares of the company’s stock, valued at approximately $10,493,878. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Paul A. Camuti sold 14,097 shares of the firm’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $95.00, for a total value of $1,339,215.00. Following the sale, the senior vice president now directly owns 66,439 shares of the company’s stock, valued at $6,311,705. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by corporate insiders.

Shares of Ingersoll-Rand PLC (NYSE:IR) traded down $1.10 during midday trading on Friday, hitting $86.03. The stock had a trading volume of 1,192,700 shares, compared to its average volume of 1,732,454. Ingersoll-Rand PLC has a twelve month low of $74.35 and a twelve month high of $96.23. The stock has a market capitalization of $21,770.99, a P/E ratio of 20.08, a price-to-earnings-growth ratio of 2.10 and a beta of 1.35. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.89 and a current ratio of 1.24.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its earnings results on Wednesday, October 25th. The industrial products company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.43 by $0.01. The business had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.71 billion. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.65% and a net margin of 7.47%. Ingersoll-Rand PLC (Ireland)’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.41 earnings per share. research analysts anticipate that Ingersoll-Rand PLC will post 4.51 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.09%. The ex-dividend date is Thursday, December 7th. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is currently 44.89%.

Several research analysts recently weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a research note on Thursday, August 24th. Citigroup raised their target price on Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Morgan Stanley raised their target price on Ingersoll-Rand PLC (Ireland) from $94.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, September 25th. Royal Bank of Canada decreased their target price on Ingersoll-Rand PLC (Ireland) from $93.00 to $91.00 and set a “sector perform” rating for the company in a research note on Thursday, October 26th. Finally, Zacks Investment Research cut Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $99.18.

WARNING: “Janus Henderson Group PLC Buys 250,819 Shares of Ingersoll-Rand PLC (Ireland) (IR)” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://www.thecerbatgem.com/2017/12/15/janus-henderson-group-plc-buys-250819-shares-of-ingersoll-rand-plc-ireland-ir.html.

Ingersoll-Rand PLC (Ireland) 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.

Want to see what other hedge funds are holding IR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingersoll-Rand PLC (Ireland) (NYSE:IR).

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

Receive News & Stock Ratings for Ingersoll-Rand PLC (Ireland) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingersoll-Rand PLC (Ireland) and related stocks with our FREE daily email newsletter.