Janney Montgomery Scott LLC Has $4.30 Million Position in Ingersoll-Rand PLC (IR)

Janney Montgomery Scott LLC lowered its position in shares of Ingersoll-Rand PLC (NYSE:IR) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,178 shares of the industrial products company’s stock after selling 337 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Ingersoll-Rand were worth $4,304,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its position in Ingersoll-Rand by 10.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,609,711 shares of the industrial products company’s stock worth $778,473,000 after acquiring an additional 740,151 shares during the last quarter. Carnick & Kubik Group LLC boosted its holdings in shares of Ingersoll-Rand by 36.5% in the 3rd quarter. Carnick & Kubik Group LLC now owns 40,000 shares of the industrial products company’s stock valued at $4,092,000 after purchasing an additional 10,700 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Ingersoll-Rand by 9.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 30,002 shares of the industrial products company’s stock valued at $3,069,000 after purchasing an additional 2,670 shares during the last quarter. Rehmann Capital Advisory Group boosted its holdings in shares of Ingersoll-Rand by 9,536.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 72,657 shares of the industrial products company’s stock valued at $710,000 after purchasing an additional 71,903 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Ingersoll-Rand by 11.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 14,691 shares of the industrial products company’s stock valued at $1,503,000 after purchasing an additional 1,507 shares during the last quarter. Hedge funds and other institutional investors own 80.59% of the company’s stock.

NYSE:IR opened at $101.92 on Monday. The company has a current ratio of 1.33, a quick ratio of 0.94 and a debt-to-equity ratio of 0.53. The firm has a market cap of $25.04 billion, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 1.60 and a beta of 1.26. Ingersoll-Rand PLC has a twelve month low of $79.63 and a twelve month high of $107.08.



Ingersoll-Rand (NYSE:IR) last posted its earnings results on Wednesday, January 30th. The industrial products company reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.03. The business had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.86 billion. Ingersoll-Rand had a net margin of 8.54% and a return on equity of 19.78%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.02 EPS. Sell-side analysts forecast that Ingersoll-Rand PLC will post 6.3 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 8th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $2.12 annualized dividend and a dividend yield of 2.08%. Ingersoll-Rand’s payout ratio is 37.79%.

A number of brokerages have weighed in on IR. Citigroup lifted their price target on shares of Ingersoll-Rand from $117.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, October 25th. Robert W. Baird set a $106.00 price target on shares of Ingersoll-Rand and gave the company a “hold” rating in a report on Thursday, October 25th. Stephens began coverage on shares of Ingersoll-Rand in a report on Monday, November 19th. They issued an “overweight” rating and a $118.00 price target on the stock. OTR Global lowered shares of Ingersoll-Rand to a “positive” rating in a report on Friday, January 18th. Finally, Barclays decreased their price target on shares of Ingersoll-Rand from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 11th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $109.77.

In related news, insider Marcia J. Avedon sold 6,486 shares of Ingersoll-Rand stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $99.24, for a total transaction of $643,670.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Christopher J. Kuehn sold 6,501 shares of Ingersoll-Rand stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $99.85, for a total transaction of $649,124.85. The disclosure for this sale can be found here. Insiders have sold a total of 179,394 shares of company stock worth $16,334,324 in the last 90 days. Company insiders own 0.70% of the company’s stock.

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About Ingersoll-Rand

Ingersoll-Rand plc designs, manufactures, sells, and services industrial and commercial products. It operates through Climate and Industrial segments. The Climate segment offers building management, bus, rail, and multi-pipe HVAC, control, container and cryogenic, diesel-powered, ductless, geothermal, package heating and cooling, rail and self-powered truck refrigeration, temporary heating and cooling, trailer refrigeration, unitary, and vehicle-powered truck refrigeration systems.

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

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