Ingersoll-Rand PLC (Ireland) (NYSE:IR) Shares Sold by Sumitomo Mitsui Asset Management Company LTD

Sumitomo Mitsui Asset Management Company LTD lowered its position in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 8.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,429 shares of the industrial products company’s stock after selling 1,733 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Ingersoll-Rand PLC (Ireland) were worth $1,732,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Amalgamated Bank raised its holdings in shares of Ingersoll-Rand PLC (Ireland) by 56.9% in the second quarter. Amalgamated Bank now owns 29,501 shares of the industrial products company’s stock valued at $2,696,000 after purchasing an additional 10,702 shares during the last quarter. Aviva PLC raised its holdings in shares of Ingersoll-Rand PLC (Ireland) by 1.1% in the second quarter. Aviva PLC now owns 163,875 shares of the industrial products company’s stock valued at $14,982,000 after purchasing an additional 1,850 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Ingersoll-Rand PLC (Ireland) by 15.1% in the second quarter. Nisa Investment Advisors LLC now owns 43,190 shares of the industrial products company’s stock valued at $3,934,000 after purchasing an additional 5,650 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of Ingersoll-Rand PLC (Ireland) in the second quarter valued at about $2,321,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Ingersoll-Rand PLC (Ireland) by 0.5% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 585,096 shares of the industrial products company’s stock valued at $53,472,000 after purchasing an additional 2,899 shares during the last quarter. Institutional investors own 82.52% of the company’s stock.

In other news, SVP Paul A. Camuti sold 14,097 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $95.00, for a total value of $1,339,215.00. Following the completion of the sale, the senior vice president now directly owns 66,439 shares in the company, valued at approximately $6,311,705. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Marcia J. Avedon sold 10,460 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $94.00, for a total transaction of $983,240.00. Following the completion of the sale, the insider now owns 111,637 shares of the company’s stock, valued at $10,493,878. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

A number of analysts recently issued reports on the stock. Citigroup Inc. raised their price objective on shares of Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Stifel Nicolaus decreased their price objective on shares of Ingersoll-Rand PLC (Ireland) from $103.00 to $101.00 and set a “buy” rating for the company in a report on Thursday, October 26th. Royal Bank Of Canada decreased their price objective on shares of Ingersoll-Rand PLC (Ireland) from $93.00 to $91.00 and set a “sector perform” rating for the company in a report on Thursday, October 26th. Bank of America Corporation downgraded shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 price objective for the company. in a report on Tuesday, October 17th. Finally, Morgan Stanley downgraded shares of Ingersoll-Rand PLC (Ireland) from an “overweight” rating to an “equal weight” rating and set a $98.00 price objective for the company. in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. Ingersoll-Rand PLC (Ireland) presently has a consensus rating of “Hold” and an average target price of $99.18.

Shares of Ingersoll-Rand PLC (IR) opened at $84.76 on Tuesday. Ingersoll-Rand PLC has a 1 year low of $74.02 and a 1 year high of $96.23. The stock has a market cap of $21,228.78, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 2.05 and a beta of 1.37. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.89 and a current ratio of 1.24.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its earnings results on Wednesday, October 25th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.01. Ingersoll-Rand PLC (Ireland) had a net margin of 7.47% and a return on equity of 16.65%. The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same period in the previous year, the business posted $1.41 earnings per share. Ingersoll-Rand PLC (Ireland)’s revenue for the quarter was up 2.9% on a year-over-year basis. equities research analysts anticipate that Ingersoll-Rand PLC will post 4.51 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.80 annualized dividend and a yield of 2.12%. Ingersoll-Rand PLC (Ireland)’s payout ratio is presently 44.89%.

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Ingersoll-Rand PLC (Ireland) Company 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.

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

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