Norinchukin Bank The Has $1.78 Million Stake in Ingersoll-Rand PLC (IR)

Norinchukin Bank The increased its position in Ingersoll-Rand PLC (NYSE:IR) by 5.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 19,978 shares of the industrial products company’s stock after acquiring an additional 1,096 shares during the quarter. Norinchukin Bank The’s holdings in Ingersoll-Rand were worth $1,782,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in IR. Bank of Nova Scotia boosted its position in shares of Ingersoll-Rand by 3.4% in the second quarter. Bank of Nova Scotia now owns 6,136 shares of the industrial products company’s stock valued at $561,000 after acquiring an additional 200 shares during the period. Advisory Services Network LLC boosted its position in shares of Ingersoll-Rand by 19.5% in the second quarter. Advisory Services Network LLC now owns 1,304 shares of the industrial products company’s stock valued at $119,000 after acquiring an additional 213 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of Ingersoll-Rand by 2.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 71,256 shares of the industrial products company’s stock valued at $6,355,000 after acquiring an additional 1,536 shares during the period. Fisher Asset Management LLC boosted its position in shares of Ingersoll-Rand by 13.2% in the third quarter. Fisher Asset Management LLC now owns 14,108 shares of the industrial products company’s stock valued at $1,258,000 after acquiring an additional 1,648 shares during the period. Finally, APG Asset Management N.V. boosted its position in shares of Ingersoll-Rand by 83.0% in the third 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 acquiring an additional 643,000 shares during the period. Institutional investors own 78.90% of the company’s stock.

IR has been the subject of a number of analyst reports. Stifel Nicolaus cut their price objective on shares of Ingersoll-Rand from $103.00 to $101.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. Robert W. Baird restated a “hold” rating on shares of Ingersoll-Rand in a research report on Friday, November 17th. Zacks Investment Research upgraded shares of Ingersoll-Rand from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research report on Monday, January 22nd. KeyCorp restated a “hold” rating on shares of Ingersoll-Rand in a research report on Sunday, November 19th. Finally, UBS Group assumed coverage on shares of Ingersoll-Rand in a research report on Monday, January 22nd. They issued a “buy” rating and a $105.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. Ingersoll-Rand presently has a consensus rating of “Hold” and an average price target of $103.08.

In other Ingersoll-Rand news, Chairman Michael W. Lamach sold 210,508 shares of Ingersoll-Rand stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $88.28, for a total transaction of $18,583,646.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Michael W. Lamach sold 58,284 shares of Ingersoll-Rand stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $90.30, for a total transaction of $5,263,045.20. The disclosure for this sale can be found here. Insiders have sold 278,702 shares of company stock worth $24,746,424 over the last three months. Insiders own 0.63% of the company’s stock.

Shares of Ingersoll-Rand PLC (NYSE IR) opened at $90.31 on Friday. Ingersoll-Rand PLC has a 1 year low of $77.26 and a 1 year high of $97.67. The stock has a market cap of $22,492.54, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 1.93 and a beta of 1.33. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.95 and a current ratio of 1.27.

Ingersoll-Rand (NYSE:IR) last posted its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $1.02 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.01). The business had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.52 billion. Ingersoll-Rand had a return on equity of 16.91% and a net margin of 9.17%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $0.84 earnings per share. equities research analysts anticipate that Ingersoll-Rand PLC will post 5.17 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, March 8th. Ingersoll-Rand’s dividend payout ratio (DPR) is presently 35.50%.

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Ingersoll-Rand 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.

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

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