Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Boosts Holdings in Ingersoll-Rand PLC (Ireland) (IR)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,048 shares of the industrial products company’s stock after purchasing an additional 773 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Ingersoll-Rand PLC (Ireland) were worth $3,393,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Country Trust Bank grew its holdings in Ingersoll-Rand PLC (Ireland) by 1.0% in the third quarter. Country Trust Bank now owns 278,846 shares of the industrial products company’s stock worth $24,865,000 after purchasing an additional 2,660 shares during the period. ST Germain D J Co. Inc. grew its holdings in Ingersoll-Rand PLC (Ireland) by 28.3% in the third quarter. ST Germain D J Co. Inc. now owns 3,080 shares of the industrial products company’s stock worth $275,000 after purchasing an additional 680 shares during the period. Forsta AP Fonden acquired a new stake in Ingersoll-Rand PLC (Ireland) in the third quarter worth $2,934,000. Csenge Advisory Group acquired a new stake in Ingersoll-Rand PLC (Ireland) in the third quarter worth $568,000. Finally, Andra AP fonden grew its holdings in Ingersoll-Rand PLC (Ireland) by 0.9% in the third quarter. Andra AP fonden now owns 70,100 shares of the industrial products company’s stock worth $6,251,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 82.14% of the company’s stock.

Shares of Ingersoll-Rand PLC (NYSE IR) opened at $85.68 on Thursday. The company has a market cap of $21,378.70, a PE ratio of 19.71, a price-to-earnings-growth ratio of 2.06 and a beta of 1.37. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 0.89. Ingersoll-Rand PLC has a 12-month low of $69.59 and a 12-month high of $96.23.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last announced its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.43 by $0.01. The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.71 billion. Ingersoll-Rand PLC (Ireland) had a net margin of 7.47% and a return on equity of 16.65%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.41 earnings per share. equities analysts forecast that Ingersoll-Rand PLC will post 4.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.10%. The ex-dividend date is Thursday, December 7th. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is 44.89%.

A number of brokerages have recently issued reports on IR. Zacks Investment Research upgraded shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a report on Friday, July 28th. ValuEngine cut shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Morgan Stanley lifted their price objective on shares of Ingersoll-Rand PLC (Ireland) from $94.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, September 25th. Bank of America Corporation cut shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 price objective for the company. in a report on Tuesday, October 17th. Finally, BidaskClub cut shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. Ingersoll-Rand PLC (Ireland) presently has an average rating of “Hold” and a consensus target price of $99.18.

In other news, EVP Didier P. Teirlinck sold 26,174 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $86.10, for a total value of $2,253,581.40. Following the sale, the executive vice president now owns 131,129 shares of the company’s stock, valued at $11,290,206.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Marcia J. Avedon sold 10,460 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $94.00, for a total transaction of $983,240.00. Following the completion of the sale, the insider now directly owns 111,637 shares in the company, valued at approximately $10,493,878. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,731 shares of company stock worth $4,576,036. Insiders own 0.65% of the company’s stock.

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About Ingersoll-Rand PLC (Ireland)

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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