10,541 Shares in Ingersoll-Rand PLC (Ireland) (IR) Purchased by Cambria Investment Management L.P.

Cambria Investment Management L.P. bought a new stake in Ingersoll-Rand PLC (Ireland) (NYSE:IR) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,541 shares of the industrial products company’s stock, valued at approximately $940,000.

Other hedge funds also recently bought and sold shares of the company. Advisory Services Network LLC grew its stake in Ingersoll-Rand PLC (Ireland) by 19.5% during the 2nd quarter. Advisory Services Network LLC now owns 1,304 shares of the industrial products company’s stock valued at $119,000 after purchasing an additional 213 shares in the last quarter. Acrospire Investment Management LLC grew its stake in Ingersoll-Rand PLC (Ireland) by 250.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the industrial products company’s stock valued at $128,000 after purchasing an additional 1,000 shares in the last quarter. Harfst & Associates Inc. grew its stake in Ingersoll-Rand PLC (Ireland) by 43.9% during the 2nd quarter. Harfst & Associates Inc. now owns 1,580 shares of the industrial products company’s stock valued at $144,000 after purchasing an additional 482 shares in the last quarter. Bessemer Group Inc. grew its stake in Ingersoll-Rand PLC (Ireland) by 185.5% during the 3rd quarter. Bessemer Group Inc. now owns 1,967 shares of the industrial products company’s stock valued at $175,000 after purchasing an additional 1,278 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in Ingersoll-Rand PLC (Ireland) by 5.0% during the 2nd quarter. Parallel Advisors LLC now owns 2,103 shares of the industrial products company’s stock worth $185,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 82.87% of the company’s stock.

Several brokerages recently issued reports on IR. ValuEngine downgraded Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research raised Ingersoll-Rand PLC (Ireland) from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Jefferies Group reissued a “buy” rating and issued a $105.00 price target on shares of Ingersoll-Rand PLC (Ireland) in a report on Tuesday, September 12th. Robert W. Baird set a $98.00 price target on Ingersoll-Rand PLC (Ireland) and gave the stock a “hold” rating in a report on Thursday, August 24th. Finally, Bank of America downgraded Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 price target on the stock. in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. Ingersoll-Rand PLC (Ireland) has an average rating of “Hold” and an average price target of $99.18.

Shares of Ingersoll-Rand PLC (NYSE IR) traded up $0.21 during mid-day trading on Tuesday, hitting $87.82. The stock had a trading volume of 2,348,700 shares, compared to its average volume of 1,734,189. Ingersoll-Rand PLC has a one year low of $74.35 and a one year high of $96.23. The firm has a market cap of $21,890.93, a PE ratio of 20.19, a PEG ratio of 2.11 and a beta of 1.35. The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.43.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Thursday, December 7th. Ingersoll-Rand PLC (Ireland)’s payout ratio is 44.89%.

In other news, insider Marcia J. Avedon sold 10,460 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $94.00, for a total value of $983,240.00. Following the completion of the sale, the insider now owns 111,637 shares of the company’s stock, valued at $10,493,878. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Paul A. Camuti sold 14,097 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $95.00, for a total value of $1,339,215.00. Following the completion of the sale, the senior vice president now directly owns 66,439 shares of the company’s stock, valued at approximately $6,311,705. The disclosure for this sale can be found here. Company insiders own 0.63% of the company’s stock.

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Ingersoll-Rand PLC (Ireland) 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.

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

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