Boyd Watterson Asset Management LLC OH purchased a new stake in Ingersoll-Rand PLC (Ireland) (NYSE:IR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,978 shares of the industrial products company’s stock, valued at approximately $444,000.

Other hedge funds have also recently made changes to their positions in the company. Advisory Services Network LLC increased its position in Ingersoll-Rand PLC (Ireland) by 19.5% during the 2nd 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 holdings in Ingersoll-Rand PLC (Ireland) by 250.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the industrial products company’s stock valued at $128,000 after buying an additional 1,000 shares during the period. Harfst & Associates Inc. grew its holdings in Ingersoll-Rand PLC (Ireland) by 43.9% in the 2nd 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 during the period. Valeo Financial Advisors LLC purchased a new stake in Ingersoll-Rand PLC (Ireland) in the 3rd quarter valued at about $152,000. Finally, Bessemer Group Inc. grew its holdings in Ingersoll-Rand PLC (Ireland) by 185.5% in the 3rd 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 during the period. Institutional investors and hedge funds own 82.37% of the company’s stock.

Several research firms have commented on IR. Citigroup lifted their price target on Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the company a “buy” rating in a report on Monday, October 9th. Royal Bank of Canada lowered their price target on Ingersoll-Rand PLC (Ireland) from $93.00 to $91.00 and set a “sector perform” rating for the company in a report on Thursday, October 26th. Stifel Nicolaus reduced their price objective on Ingersoll-Rand PLC (Ireland) from $103.00 to $101.00 and set a “buy” rating on the stock in a research note on Thursday, October 26th. Bank of America lowered Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 price objective on the stock. in a research note on Tuesday, October 17th. Finally, Morgan Stanley lowered Ingersoll-Rand PLC (Ireland) from an “overweight” rating to an “equal weight” rating and set a $98.00 price objective on the stock. in a research note on Friday, October 27th. One 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. Ingersoll-Rand PLC (Ireland) has a consensus rating of “Hold” and an average price target of $99.18.

Ingersoll-Rand PLC (IR) traded up $0.09 during trading on Thursday, reaching $90.98. The company had a trading volume of 1,495,200 shares, compared to its average volume of 1,589,171. The firm has a market cap of $22,980.00, a price-to-earnings ratio of 22.75, a PEG ratio of 1.92 and a beta of 1.35. The company has a quick ratio of 0.89, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. Ingersoll-Rand PLC has a 12-month low of $75.20 and a 12-month high of $96.23.

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

In other news, SVP Paul A. Camuti sold 14,097 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the senior vice president now directly owns 66,439 shares in the company, valued at approximately $6,311,705. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Michael W. Lamach sold 210,508 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $88.28, for a total value of $18,583,646.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 235,065 shares of company stock worth $20,906,101. 0.63% of the stock is currently owned by corporate insiders.

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

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