Sigma Planning Corp Has $709,000 Stake in Ingersoll-Rand PLC (IR)

Sigma Planning Corp lowered its position in Ingersoll-Rand PLC (NYSE:IR) by 3.7% in the 1st quarter, Holdings Channel reports. The firm owned 6,566 shares of the industrial products company’s stock after selling 253 shares during the period. Sigma Planning Corp’s holdings in Ingersoll-Rand were worth $709,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in IR. MorganRosel Wealth Management LLC boosted its holdings in Ingersoll-Rand by 1.3% in the first quarter. MorganRosel Wealth Management LLC now owns 7,163 shares of the industrial products company’s stock valued at $773,000 after acquiring an additional 91 shares in the last quarter. Flagship Harbor Advisors LLC grew its stake in shares of Ingersoll-Rand by 10.0% during the 1st quarter. Flagship Harbor Advisors LLC now owns 1,108 shares of the industrial products company’s stock valued at $119,000 after purchasing an additional 101 shares during the period. Bank OZK grew its stake in shares of Ingersoll-Rand by 2.8% during the 4th quarter. Bank OZK now owns 5,041 shares of the industrial products company’s stock valued at $460,000 after purchasing an additional 135 shares during the period. Legacy Financial Advisors Inc. grew its stake in shares of Ingersoll-Rand by 78.3% during the 4th quarter. Legacy Financial Advisors Inc. now owns 312 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 137 shares during the period. Finally, First Manhattan Co. grew its stake in shares of Ingersoll-Rand by 5.2% during the 1st quarter. First Manhattan Co. now owns 2,851 shares of the industrial products company’s stock valued at $307,000 after purchasing an additional 141 shares during the period. Institutional investors own 81.70% of the company’s stock.

In other Ingersoll-Rand news, CAO Christopher J. Kuehn sold 5,195 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $109.90, for a total value of $570,930.50. Following the completion of the transaction, the chief accounting officer now directly owns 25,273 shares in the company, valued at approximately $2,777,502.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David S. Regnery sold 7,957 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $122.25, for a total value of $972,743.25. Following the sale, the insider now directly owns 58,735 shares in the company, valued at $7,180,353.75. The disclosure for this sale can be found here. Insiders sold a total of 236,589 shares of company stock valued at $25,116,182 over the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

IR stock opened at $122.81 on Friday. 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 capitalization of $29.31 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 1.78 and a beta of 1.32.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $0.53 dividend. The ex-dividend date is Thursday, June 6th. This represents a $2.12 annualized dividend and a yield of 1.73%. Ingersoll-Rand’s payout ratio is 37.79%.

A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Ingersoll-Rand from a “buy” rating to a “hold” rating in a research note on Monday, May 6th. BMO Capital Markets boosted their price objective on Ingersoll-Rand from $112.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Wells Fargo & Co boosted their price objective on Ingersoll-Rand from $113.00 to $122.00 and gave the company a “market perform” rating in a research note on Wednesday, May 1st. Deutsche Bank upgraded Ingersoll-Rand from a “hold” rating to a “buy” rating and set a $123.46 price objective for the company in a research note on Wednesday, May 1st. Finally, KeyCorp boosted their price objective on Ingersoll-Rand from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Ingersoll-Rand presently has a consensus rating of “Buy” and an average target price of $123.90.

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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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