Nomura Holdings Inc. acquired a new stake in Ingersoll-Rand PLC (NYSE:IR) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 8,900 shares of the industrial products company’s stock, valued at approximately $1,071,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Ingersoll-Rand by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 17,825,020 shares of the industrial products company’s stock valued at $2,257,896,000 after buying an additional 146,948 shares during the last quarter. State Street Corp increased its stake in Ingersoll-Rand by 6.8% in the 3rd quarter. State Street Corp now owns 10,867,714 shares of the industrial products company’s stock valued at $1,339,015,000 after buying an additional 688,390 shares during the last quarter. Nuveen Asset Management LLC increased its stake in Ingersoll-Rand by 19,817.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 5,759,489 shares of the industrial products company’s stock valued at $729,554,000 after buying an additional 5,730,572 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Ingersoll-Rand by 23.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,611,762 shares of the industrial products company’s stock valued at $573,471,000 after buying an additional 873,152 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Ingersoll-Rand by 7.5% in the 2nd quarter. Bank of America Corp DE now owns 4,346,669 shares of the industrial products company’s stock valued at $550,592,000 after buying an additional 301,918 shares during the last quarter. 79.12% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on IR shares. KeyCorp lifted their price target on shares of Ingersoll-Rand from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Stephens lowered shares of Ingersoll-Rand from an “overweight” rating to an “equal” rating in a research note on Monday, October 7th. BMO Capital Markets set a $145.00 price target on shares of Ingersoll-Rand and gave the company a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. lowered their price target on shares of Ingersoll-Rand from $140.00 to $129.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Finally, Deutsche Bank lowered shares of Ingersoll-Rand from a “buy” rating to a “hold” rating and lowered their price target for the company from $137.00 to $135.00 in a research note on Tuesday, October 29th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the stock. Ingersoll-Rand currently has a consensus rating of “Buy” and an average target price of $136.38.

Ingersoll-Rand stock opened at $133.81 on Friday. The firm has a market capitalization of $32.06 billion, a PE ratio of 23.85, a P/E/G ratio of 1.93 and a beta of 1.22. The company’s 50-day moving average is $129.20 and its 200-day moving average is $123.48. Ingersoll-Rand PLC has a fifty-two week low of $85.15 and a fifty-two week high of $134.71. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 0.88.

Ingersoll-Rand (NYSE:IR) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.08. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.30 billion. Ingersoll-Rand had a net margin of 8.38% and a return on equity of 21.72%. Ingersoll-Rand’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.75 EPS. As a group, analysts expect that Ingersoll-Rand PLC will post 6.4 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be paid a dividend of $0.53 per share. The ex-dividend date is Thursday, December 5th. This represents a $2.12 annualized dividend and a dividend yield of 1.58%. Ingersoll-Rand’s dividend payout ratio is presently 37.79%.

In other news, SVP Marcia J. Avedon sold 7,450 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $129.00, for a total transaction of $961,050.00. Following the transaction, the senior vice president now directly owns 99,075 shares in the company, valued at approximately $12,780,675. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Keith A. Sultana sold 7,010 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $125.00, for a total transaction of $876,250.00. Following the transaction, the senior vice president now owns 19,608 shares in the company, valued at $2,451,000. The disclosure for this sale can be found here. Insiders have sold a total of 25,170 shares of company stock worth $3,253,055 over the last 90 days. 0.70% of the stock is owned by company insiders.

About Ingersoll-Rand

Ingersoll-Rand Plc designs, manufactures, sells, and services industrial and commercial products. The company operates through Climate and Industrial segments. The Climate segment offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality; industrial refrigeration; motor replacements; refrigerant reclamation; thermostats/controls; transport heater products; and water source heat pumps.

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

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