Cape Cod Five Cents Savings Bank Has $403,000 Position in Ingersoll-Rand PLC (Ireland) (IR)

Cape Cod Five Cents Savings Bank held its position in Ingersoll-Rand PLC (Ireland) (NYSE:IR) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,410 shares of the industrial products company’s stock at the end of the second quarter. Cape Cod Five Cents Savings Bank’s holdings in Ingersoll-Rand PLC (Ireland) were worth $403,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund increased its position in shares of Ingersoll-Rand PLC (Ireland) by 175.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 73,469 shares of the industrial products company’s stock worth $6,714,000 after buying an additional 46,800 shares during the last quarter. Abner Herrman & Brock LLC acquired a new stake in Ingersoll-Rand PLC (Ireland) during the second quarter worth about $607,000. Mn Services Vermogensbeheer B.V. boosted its stake in Ingersoll-Rand PLC (Ireland) by 509.4% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 41,985 shares of the industrial products company’s stock worth $3,837,000 after buying an additional 35,096 shares during the period. Fenimore Asset Management Inc. boosted its stake in Ingersoll-Rand PLC (Ireland) by 26.7% in the second quarter. Fenimore Asset Management Inc. now owns 219,549 shares of the industrial products company’s stock worth $20,065,000 after buying an additional 46,220 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in Ingersoll-Rand PLC (Ireland) by 376.7% in the second quarter. Fisher Asset Management LLC now owns 12,460 shares of the industrial products company’s stock worth $1,139,000 after buying an additional 9,846 shares during the period. 83.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ingersoll-Rand PLC (NYSE:IR) traded up 0.13% during trading on Friday, hitting $85.09. 2,023,511 shares of the stock traded hands. Ingersoll-Rand PLC has a 52 week low of $62.40 and a 52 week high of $94.39. The company has a 50-day moving average of $90.21 and a 200-day moving average of $85.61. The firm has a market cap of $21.58 billion, a P/E ratio of 21.12 and a beta of 1.31.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last released its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.03. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.64% and a net margin of 7.60%. The business had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter last year, the business posted $1.38 EPS. The business’s revenue was up 4.4% on a year-over-year basis. On average, analysts forecast that Ingersoll-Rand PLC will post $4.54 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued a $0.45 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.80 annualized dividend and a yield of 2.12%. This is a boost from Ingersoll-Rand PLC (Ireland)’s previous quarterly dividend of $0.40. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is 39.80%.

COPYRIGHT VIOLATION WARNING: This piece was published by BNB Daily and is owned by of BNB Daily. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this piece can be accessed at https://www.baseball-news-blog.com/2017/08/13/ingersoll-rand-plc-ireland-ir-stake-maintained-by-cape-cod-five-cents-savings-bank-updated-updated-updated.html.

A number of equities analysts recently issued reports on IR shares. BMO Capital Markets reaffirmed a “buy” rating and set a $87.00 target price on shares of Ingersoll-Rand PLC (Ireland) in a research report on Thursday, April 20th. Royal Bank Of Canada boosted their price target on shares of Ingersoll-Rand PLC (Ireland) from $83.00 to $85.00 and gave the company a “sector perform” rating in a report on Thursday, April 27th. Stifel Nicolaus boosted their price target on shares of Ingersoll-Rand PLC (Ireland) from $90.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, April 27th. Finally, Zacks Investment Research raised shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a report on Thursday, May 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. Ingersoll-Rand PLC (Ireland) currently has a consensus rating of “Hold” and an average price target of $97.43.

In other news, Director Richard J. Swift sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $88.03, for a total value of $220,075.00. Following the completion of the transaction, the director now owns 65,932 shares in the company, valued at approximately $5,803,993.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul A. Camuti sold 6,960 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $89.90, for a total value of $625,704.00. Following the completion of the transaction, the insider now owns 64,979 shares of the company’s stock, valued at approximately $5,841,612.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,443 shares of company stock valued at $1,292,381. Company insiders own 0.65% of the company’s stock.

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)

Receive News & Ratings for Ingersoll-Rand PLC (Ireland) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingersoll-Rand PLC (Ireland) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply