Neville Rodie & Shaw Inc. Sells 200 Shares of Ingersoll-Rand PLC (NYSE:IR)

Neville Rodie & Shaw Inc. reduced its stake in Ingersoll-Rand PLC (NYSE:IR) by 3.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,400 shares of the industrial products company’s stock after selling 200 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in Ingersoll-Rand were worth $665,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. River & Mercantile Asset Management LLP acquired a new stake in Ingersoll-Rand in the 2nd quarter valued at $273,000. Front Row Advisors LLC increased its stake in Ingersoll-Rand by 191.7% in the 2nd quarter. Front Row Advisors LLC now owns 2,275 shares of the industrial products company’s stock valued at $288,000 after buying an additional 1,495 shares during the last quarter. Kanawha Capital Management LLC increased its stake in Ingersoll-Rand by 4.8% in the 2nd quarter. Kanawha Capital Management LLC now owns 4,884 shares of the industrial products company’s stock valued at $619,000 after buying an additional 224 shares during the last quarter. Arjuna Capital increased its stake in Ingersoll-Rand by 33.0% in the 2nd quarter. Arjuna Capital now owns 4,016 shares of the industrial products company’s stock valued at $509,000 after buying an additional 996 shares during the last quarter. Finally, Marvin & Palmer Associates Inc. acquired a new stake in Ingersoll-Rand in the 2nd quarter valued at $6,126,000. 78.18% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Michael W. Lamach sold 146,733 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $125.00, for a total value of $18,341,625.00. Following the transaction, the chief executive officer now owns 356,238 shares in the company, valued at approximately $44,529,750. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Evan M. Turtz sold 3,770 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $128.00, for a total transaction of $482,560.00. Following the completion of the transaction, the insider now owns 15,549 shares in the company, valued at approximately $1,990,272. The disclosure for this sale can be found here. In the last quarter, insiders sold 151,441 shares of company stock worth $18,935,873. 0.70% of the stock is owned by company insiders.

Several brokerages have issued reports on IR. Morgan Stanley lifted their price target on shares of Ingersoll-Rand from $137.00 to $139.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Barclays reiterated a “buy” rating and issued a $134.00 price target on shares of Ingersoll-Rand in a research note on Friday. Credit Suisse Group boosted their price objective on shares of Ingersoll-Rand from $138.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Jefferies Financial Group lowered shares of Ingersoll-Rand from a “buy” rating to a “hold” rating and set a $140.00 price objective on the stock. in a research note on Tuesday, July 2nd. Finally, ValuEngine lowered shares of Ingersoll-Rand from a “hold” rating to a “sell” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. Ingersoll-Rand currently has a consensus rating of “Buy” and a consensus price target of $129.60.

Shares of Ingersoll-Rand stock traded up $0.31 during trading on Friday, hitting $117.93. 358,538 shares of the stock were exchanged, compared to its average volume of 1,041,346. The stock has a market capitalization of $29.01 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 1.72 and a beta of 1.24. The company has a fifty day moving average price of $120.54 and a 200-day moving average price of $119.61. Ingersoll-Rand PLC has a 1-year low of $85.15 and a 1-year high of $128.31. The company has a current ratio of 1.23, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69.

Ingersoll-Rand (NYSE:IR) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.03. Ingersoll-Rand had a net margin of 8.89% and a return on equity of 20.97%. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same period in the previous year, the business earned $1.85 EPS. Ingersoll-Rand’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities research analysts forecast that Ingersoll-Rand PLC will post 6.4 EPS for the current fiscal year.

Ingersoll-Rand Company Profile

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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