Swiss National Bank Lowers Stake in Ingersoll-Rand PLC (NYSE:IR)

Swiss National Bank cut its holdings in shares of Ingersoll-Rand PLC (NYSE:IR) by 4.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 761,854 shares of the industrial products company’s stock after selling 34,500 shares during the period. Swiss National Bank’s holdings in Ingersoll-Rand were worth $101,266,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Signaturefd LLC lifted its holdings in Ingersoll-Rand by 10.7% during the fourth quarter. Signaturefd LLC now owns 1,170 shares of the industrial products company’s stock valued at $156,000 after purchasing an additional 113 shares in the last quarter. Inverness Counsel LLC NY raised its position in shares of Ingersoll-Rand by 7.1% during the 4th quarter. Inverness Counsel LLC NY now owns 363,594 shares of the industrial products company’s stock worth $48,329,000 after purchasing an additional 24,093 shares during the last quarter. American International Group Inc. raised its position in shares of Ingersoll-Rand by 2.2% during the 4th quarter. American International Group Inc. now owns 95,421 shares of the industrial products company’s stock worth $12,683,000 after purchasing an additional 2,009 shares during the last quarter. Rhumbline Advisers raised its position in shares of Ingersoll-Rand by 2.7% during the 4th quarter. Rhumbline Advisers now owns 462,796 shares of the industrial products company’s stock worth $61,515,000 after purchasing an additional 11,997 shares during the last quarter. Finally, Montag A & Associates Inc. lifted its stake in Ingersoll-Rand by 69.8% in the 4th quarter. Montag A & Associates Inc. now owns 27,409 shares of the industrial products company’s stock valued at $3,643,000 after buying an additional 11,267 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

In other news, SVP Paul A. Camuti sold 10,710 shares of Ingersoll-Rand stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $132.19, for a total transaction of $1,415,754.90. Following the transaction, the senior vice president now owns 70,804 shares in the company, valued at approximately $9,359,580.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Evan M. Turtz sold 3,887 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $135.00, for a total transaction of $524,745.00. Following the transaction, the senior vice president now directly owns 15,681 shares in the company, valued at approximately $2,116,935. The disclosure for this sale can be found here. Insiders have sold 281,332 shares of company stock worth $38,000,966 in the last three months. 0.58% of the stock is currently owned by corporate insiders.

IR has been the topic of several research analyst reports. Morgan Stanley lifted their price objective on Ingersoll-Rand from $147.00 to $154.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Wolfe Research cut Ingersoll-Rand from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 9th. ValuEngine downgraded Ingersoll-Rand from a “hold” rating to a “sell” rating in a research report on Tuesday, January 7th. Zacks Investment Research downgraded Ingersoll-Rand from a “hold” rating to a “sell” rating and set a $138.00 target price on the stock. in a research report on Monday, December 2nd. Finally, Robert W. Baird lowered their price target on Ingersoll-Rand from $138.00 to $134.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $139.06.

IR traded up $0.28 during trading on Friday, reaching $145.90. The company’s stock had a trading volume of 15,648 shares, compared to its average volume of 1,570,294. The company has a market cap of $34.63 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 2.11 and a beta of 1.26. The firm has a fifty day simple moving average of $134.61 and a two-hundred day simple moving average of $126.70. Ingersoll-Rand PLC has a 1 year low of $102.69 and a 1 year high of $146.16. The company has a quick ratio of 0.93, a current ratio of 1.28 and a debt-to-equity ratio of 0.67.

Ingersoll-Rand (NYSE:IR) last posted its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.02). Ingersoll-Rand had a net margin of 8.50% and a return on equity of 21.72%. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.16 billion. During the same quarter last year, the company earned $1.32 earnings per share. Ingersoll-Rand’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities analysts forecast that Ingersoll-Rand PLC will post 6.87 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, March 12th. Ingersoll-Rand’s dividend payout ratio (DPR) is currently 33.28%.

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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