Ingersoll-Rand PLC (NYSE:IR) Shares Acquired by Creative Planning

Creative Planning increased its position in Ingersoll-Rand PLC (NYSE:IR) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,032 shares of the industrial products company’s stock after acquiring an additional 625 shares during the period. Creative Planning’s holdings in Ingersoll-Rand were worth $2,345,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Beese Fulmer Investment Management Inc. acquired a new position in shares of Ingersoll-Rand in the 3rd quarter worth approximately $1,770,000. Picton Mahoney Asset Management grew its stake in shares of Ingersoll-Rand by 11.0% in the 3rd quarter. Picton Mahoney Asset Management now owns 128,075 shares of the industrial products company’s stock worth $15,779,000 after purchasing an additional 12,675 shares during the last quarter. Synovus Financial Corp grew its stake in shares of Ingersoll-Rand by 9.1% in the 3rd quarter. Synovus Financial Corp now owns 11,657 shares of the industrial products company’s stock worth $1,432,000 after purchasing an additional 977 shares during the last quarter. Sandy Spring Bank grew its stake in shares of Ingersoll-Rand by 735.8% in the 3rd quarter. Sandy Spring Bank now owns 443 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 390 shares during the last quarter. Finally, LS Investment Advisors LLC grew its stake in shares of Ingersoll-Rand by 3.3% in the 3rd quarter. LS Investment Advisors LLC now owns 6,980 shares of the industrial products company’s stock worth $860,000 after purchasing an additional 221 shares during the last quarter. 78.14% of the stock is currently owned by institutional investors and hedge funds.

Shares of IR opened at $130.44 on Friday. Ingersoll-Rand PLC has a one year low of $85.15 and a one year high of $132.42. The company has a 50-day moving average of $121.39 and a two-hundred day moving average of $121.67. The stock has a market cap of $31.33 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 1.90 and a beta of 1.22. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 0.88.

Ingersoll-Rand (NYSE:IR) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.91 by $0.08. Ingersoll-Rand had a net margin of 8.38% and a return on equity of 21.72%. The company had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period last year, the company posted $1.75 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts anticipate that Ingersoll-Rand PLC will post 6.4 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Thursday, December 5th. Ingersoll-Rand’s payout ratio is 37.79%.

Several equities analysts have recently issued reports on IR shares. Barclays reaffirmed a “buy” rating and issued a $134.00 price objective on shares of Ingersoll-Rand in a research note on Friday, October 4th. JPMorgan Chase & Co. decreased their target price on shares of Ingersoll-Rand from $140.00 to $129.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. KeyCorp raised their target price on shares of Ingersoll-Rand from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Credit Suisse Group raised their target price on shares of Ingersoll-Rand from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets set a $145.00 target price on shares of Ingersoll-Rand and gave the stock a “buy” rating in a report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $134.15.

In related news, SVP Marcia J. Avedon sold 7,450 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $129.00, for a total transaction of $961,050.00. Following the completion of the sale, the senior vice president now directly owns 99,075 shares in the company, valued at $12,780,675. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Keith A. Sultana sold 7,010 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $125.00, for a total transaction of $876,250.00. Following the sale, the senior vice president now owns 19,608 shares of the company’s stock, valued at $2,451,000. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Ingersoll-Rand 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.

Featured Article: Different Types of Derivatives

Want to see what other hedge funds are holding IR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingersoll-Rand PLC (NYSE:IR).

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

Receive News & Ratings for Ingersoll-Rand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingersoll-Rand and related companies with MarketBeat.com's FREE daily email newsletter.