Janney Montgomery Scott LLC Purchases 518 Shares of Ingersoll-Rand PLC (NYSE:IR)

Janney Montgomery Scott LLC grew its position in shares of Ingersoll-Rand PLC (NYSE:IR) by 1.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,696 shares of the industrial products company’s stock after purchasing an additional 518 shares during the period. Janney Montgomery Scott LLC’s holdings in Ingersoll-Rand were worth $5,149,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in Ingersoll-Rand in the fourth quarter worth about $360,951,000. Oregon Public Employees Retirement Fund raised its stake in shares of Ingersoll-Rand by 8,911.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,440,494 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 2,413,413 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Ingersoll-Rand by 26.6% during the third quarter. JPMorgan Chase & Co. now owns 5,165,500 shares of the industrial products company’s stock valued at $528,432,000 after acquiring an additional 1,085,581 shares in the last quarter. Nordea Investment Management AB bought a new stake in shares of Ingersoll-Rand during the third quarter valued at approximately $100,178,000. Finally, BlackRock Inc. raised its stake in shares of Ingersoll-Rand by 5.0% during the fourth quarter. BlackRock Inc. now owns 18,815,633 shares of the industrial products company’s stock valued at $1,716,550,000 after acquiring an additional 901,225 shares in the last quarter. Hedge funds and other institutional investors own 78.79% of the company’s stock.

In other news, CAO Christopher J. Kuehn sold 5,195 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $109.90, for a total value of $570,930.50. Following the completion of the sale, the chief accounting officer now owns 25,273 shares of the company’s stock, valued at approximately $2,777,502.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Marcia J. Avedon sold 10,205 shares of the stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $105.95, for a total transaction of $1,081,219.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 211,726 shares of company stock valued at $22,538,262. 0.70% of the stock is owned by corporate insiders.

Shares of IR traded down $0.33 during mid-day trading on Wednesday, hitting $118.27. 1,123,953 shares of the company were exchanged, compared to its average volume of 1,492,836. Ingersoll-Rand PLC has a 1-year low of $85.15 and a 1-year high of $125.26. The company has a quick ratio of 1.14, a current ratio of 1.58 and a debt-to-equity ratio of 0.75. The company has a market cap of $28.98 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 1.76 and a beta of 1.32.

Ingersoll-Rand (NYSE:IR) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.09. Ingersoll-Rand had a net margin of 8.94% and a return on equity of 20.52%. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the prior year, the firm earned $0.70 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, sell-side analysts expect that Ingersoll-Rand PLC will post 6.37 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a dividend of $0.53 per share. The ex-dividend date is Thursday, June 6th. This represents a $2.12 annualized dividend and a yield of 1.79%. Ingersoll-Rand’s dividend payout ratio is presently 37.79%.

Several brokerages recently issued reports on IR. Zacks Investment Research lowered shares of Ingersoll-Rand from a “buy” rating to a “hold” rating in a report on Monday, May 6th. BMO Capital Markets lifted their price target on shares of Ingersoll-Rand from $112.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Wells Fargo & Co lifted their price target on shares of Ingersoll-Rand from $113.00 to $122.00 and gave the stock a “market perform” rating in a report on Wednesday, May 1st. Deutsche Bank raised shares of Ingersoll-Rand from a “hold” rating to a “buy” rating and set a $123.46 price target on the stock in a report on Wednesday, May 1st. Finally, KeyCorp boosted their price objective on shares of Ingersoll-Rand from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $123.96.

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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.

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

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