Campbell & CO Investment Adviser LLC Buys Shares of 16,542 Ingersoll-Rand PLC (Ireland) (IR)

Campbell & CO Investment Adviser LLC bought a new stake in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 16,542 shares of the industrial products company’s stock, valued at approximately $1,475,000. Ingersoll-Rand PLC (Ireland) accounts for approximately 1.2% of Campbell & CO Investment Adviser LLC’s investment portfolio, making the stock its biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. increased its stake in Ingersoll-Rand PLC (Ireland) by 182.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,926,345 shares of the industrial products company’s stock worth $1,089,950,000 after acquiring an additional 7,702,903 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in shares of Ingersoll-Rand PLC (Ireland) during the 2nd quarter valued at approximately $100,929,000. Janus Henderson Group PLC increased its position in shares of Ingersoll-Rand PLC (Ireland) by 2,075.3% during the 2nd quarter. Janus Henderson Group PLC now owns 716,452 shares of the industrial products company’s stock valued at $65,477,000 after purchasing an additional 683,516 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Ingersoll-Rand PLC (Ireland) by 87.4% during the 3rd quarter. Prudential Financial Inc. now owns 1,429,458 shares of the industrial products company’s stock valued at $127,465,000 after purchasing an additional 666,550 shares during the last quarter. Finally, APG Asset Management N.V. increased its position in shares of Ingersoll-Rand PLC (Ireland) by 83.0% during the 3rd quarter. APG Asset Management N.V. now owns 1,418,049 shares of the industrial products company’s stock valued at $126,447,000 after purchasing an additional 643,000 shares during the last quarter. 82.87% of the stock is currently owned by institutional investors.

Ingersoll-Rand PLC (IR) traded down $1.41 on Friday, hitting $86.21. The stock had a trading volume of 1,760,000 shares, compared to its average volume of 1,940,000. The company has a market cap of $21,540.00, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 2.08 and a beta of 1.35. The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.43. Ingersoll-Rand PLC has a 52-week low of $74.02 and a 52-week high of $96.23.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last released its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.01. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.65% and a net margin of 7.47%. The firm 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 company posted $1.41 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. research analysts forecast that Ingersoll-Rand PLC will post 4.51 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, December 7th. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is currently 45.00%.

IR has been the topic of several analyst reports. Stifel Nicolaus cut their target price on Ingersoll-Rand PLC (Ireland) from $103.00 to $98.00 and set a “buy” rating on the stock in a research report on Wednesday, September 13th. Bank of America downgraded Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 target price on the stock. in a research report on Tuesday, October 17th. Robert W. Baird set a $98.00 price objective on Ingersoll-Rand PLC (Ireland) and gave the company a “hold” rating in a report on Thursday, August 24th. Zacks Investment Research upgraded Ingersoll-Rand PLC (Ireland) from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Finally, ValuEngine cut Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. 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 company. Ingersoll-Rand PLC (Ireland) presently has a consensus rating of “Hold” and a consensus price target of $99.18.

In other news, SVP Paul A. Camuti sold 14,097 shares of the stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $95.00, for a total value of $1,339,215.00. Following the transaction, the senior vice president now directly owns 66,439 shares of the company’s stock, valued at $6,311,705. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marcia J. Avedon sold 10,460 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $94.00, for a total value of $983,240.00. Following the completion of the transaction, the insider now directly owns 111,637 shares in the company, valued at $10,493,878. The disclosure for this sale can be found here. Corporate insiders own 0.63% of the company’s stock.

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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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