Oppenheimer & Co. Inc. trimmed its holdings in shares of Ingersoll-Rand PLC (NYSE:IR) by 9.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 27,677 shares of the industrial products company’s stock after selling 2,832 shares during the period. Oppenheimer & Co. Inc.’s holdings in Ingersoll-Rand were worth $2,469,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Calton & Associates Inc. purchased a new stake in Ingersoll-Rand during the 4th quarter worth about $112,000. Advisory Services Network LLC lifted its holdings in Ingersoll-Rand 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 buying an additional 213 shares during the last quarter. Resources Investment Advisors Inc. lifted its holdings in Ingersoll-Rand by 218.6% during the 4th quarter. Resources Investment Advisors Inc. now owns 1,354 shares of the industrial products company’s stock worth $122,000 after buying an additional 929 shares during the last quarter. Valeo Financial Advisors LLC purchased a new stake in Ingersoll-Rand during the 3rd quarter worth about $152,000. Finally, Bessemer Group Inc. lifted its holdings in Ingersoll-Rand by 185.5% during the 3rd quarter. Bessemer Group Inc. now owns 1,967 shares of the industrial products company’s stock worth $175,000 after buying an additional 1,278 shares during the last quarter. 81.71% of the stock is owned by institutional investors.

A number of brokerages have issued reports on IR. BMO Capital Markets lifted their price target on Ingersoll-Rand to $115.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Stifel Nicolaus boosted their target price on Ingersoll-Rand from $101.00 to $112.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Argus boosted their target price on Ingersoll-Rand to $105.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Zacks Investment Research downgraded Ingersoll-Rand from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Finally, Royal Bank of Canada reduced their target price on Ingersoll-Rand from $93.00 to $91.00 and set a “sector perform” rating for the company in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. Ingersoll-Rand currently has a consensus rating of “Hold” and a consensus price target of $102.92.

In related news, Director Jared L. Cohon sold 2,350 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.40, for a total value of $217,140.00. Following the transaction, the director now owns 25,766 shares in the company, valued at approximately $2,380,778.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Michael W. Lamach sold 210,508 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were 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. Insiders own 0.63% of the company’s stock.

Ingersoll-Rand PLC (IR) opened at $90.39 on Thursday. The stock has a market capitalization of $22,555.01, a PE ratio of 17.83, a P/E/G ratio of 1.93 and a beta of 1.33. Ingersoll-Rand PLC has a 52-week low of $77.26 and a 52-week high of $97.67. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 0.95.

Ingersoll-Rand (NYSE:IR) last issued its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.01). The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.52 billion. Ingersoll-Rand had a net margin of 9.17% and a return on equity of 16.91%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 EPS. equities analysts expect that Ingersoll-Rand PLC will post 5.17 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, March 8th. Ingersoll-Rand’s dividend payout ratio (DPR) is presently 35.50%.

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Ingersoll-Rand 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 (NYSE:IR)

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