TIAA CREF Investment Management LLC cut its stake in shares of Ingersoll-Rand PLC (NYSE:IR) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,807,249 shares of the industrial products company’s stock after selling 31,485 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 1.12% of Ingersoll-Rand worth $250,379,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Calton & Associates Inc. acquired a new position in Ingersoll-Rand during the 4th quarter worth about $112,000. Resources Investment Advisors Inc. lifted its holdings in Ingersoll-Rand by 218.6% during the 4th quarter. Resources Investment Advisors Inc. now owns 1,354 shares of the industrial products company’s stock worth $122,000 after buying an additional 929 shares during the period. Valeo Financial Advisors LLC acquired a new position in Ingersoll-Rand during the 3rd quarter worth about $152,000. Advisory Services Network LLC lifted its holdings in Ingersoll-Rand by 61.3% during the 4th quarter. Advisory Services Network LLC now owns 1,790 shares of the industrial products company’s stock worth $160,000 after buying an additional 680 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in Ingersoll-Rand by 185.5% during the 3rd quarter. Bessemer Group Inc. now owns 1,967 shares of the industrial products company’s stock worth $175,000 after buying an additional 1,278 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Jared L. Cohon sold 2,350 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.40, for a total value of $217,140.00. Following the completion of the sale, the director now directly owns 25,766 shares of the company’s stock, valued at approximately $2,380,778.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Michael W. Lamach sold 210,508 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $88.28, for a total value of $18,583,646.24. The disclosure for this sale can be found here. Insiders sold a total of 280,380 shares of company stock valued at $24,889,306 over the last ninety days. 0.63% of the stock is currently owned by corporate insiders.
Ingersoll-Rand PLC (IR) opened at $88.24 on Wednesday. Ingersoll-Rand PLC has a 12-month low of $77.26 and a 12-month high of $97.67. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 0.95. The firm has a market capitalization of $22,010.25, a PE ratio of 19.49, a PEG ratio of 1.89 and a beta of 1.34.
Ingersoll-Rand (NYSE:IR) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.01). Ingersoll-Rand had a return on equity of 16.91% and a net margin of 9.17%. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.52 billion. During the same period last year, the business posted $0.84 earnings per share. The business’s revenue was up 7.7% on a year-over-year basis. research analysts predict that Ingersoll-Rand PLC will post 5.17 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 9th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, March 8th. Ingersoll-Rand’s dividend payout ratio (DPR) is presently 35.50%.
Ingersoll-Rand 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.
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