Moody Lynn & Lieberson LLC Sells 3,049 Shares of Ingersoll-Rand PLC (Ireland) (IR)

Moody Lynn & Lieberson LLC trimmed its holdings in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 29.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,298 shares of the industrial products company’s stock after selling 3,049 shares during the period. Moody Lynn & Lieberson LLC’s holdings in Ingersoll-Rand PLC (Ireland) were worth $651,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Advisory Services Network LLC increased its stake in Ingersoll-Rand PLC (Ireland) by 19.5% in the second 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 increased its stake in Ingersoll-Rand PLC (Ireland) by 250.0% in the second 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. increased its stake in Ingersoll-Rand PLC (Ireland) by 43.9% in the second 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. increased its stake in Ingersoll-Rand PLC (Ireland) by 185.5% in the third 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 increased its stake in Ingersoll-Rand PLC (Ireland) by 5.0% in the second quarter. Parallel Advisors LLC now owns 2,103 shares of the industrial products company’s stock valued at $185,000 after purchasing an additional 100 shares in the last quarter. 82.52% of the stock is owned by institutional investors and hedge funds.

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In other Ingersoll-Rand PLC (Ireland) news, SVP Paul A. Camuti sold 14,097 shares of the stock in a transaction on Monday, October 23rd. The shares were 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 owns 66,439 shares in the company, valued at $6,311,705. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Marcia J. Avedon sold 10,460 shares of the stock in a transaction 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 owns 111,637 shares of the company’s stock, valued at approximately $10,493,878. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

Shares of Ingersoll-Rand PLC (NYSE IR) traded down $0.20 on Tuesday, reaching $84.76. 1,681,400 shares of the company traded hands, compared to its average volume of 1,728,957. Ingersoll-Rand PLC has a fifty-two week low of $74.02 and a fifty-two week high of $96.23. The firm has a market capitalization of $21,228.78, a PE ratio of 19.58, a price-to-earnings-growth ratio of 2.05 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 (Ireland) (NYSE:IR) last announced its earnings results on Wednesday, October 25th. The industrial products company reported $1.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.01. Ingersoll-Rand PLC (Ireland) had a net margin of 7.47% and a return on equity of 16.65%. The business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the prior year, the company posted $1.41 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. equities research analysts predict that Ingersoll-Rand PLC will post 4.51 EPS for the current year.

The firm 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 dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.12%. The ex-dividend date is Thursday, December 7th. Ingersoll-Rand PLC (Ireland)’s payout ratio is 44.89%.

Several brokerages have commented on IR. Stifel Nicolaus reaffirmed a “buy” rating on shares of Ingersoll-Rand PLC (Ireland) in a research note on Thursday, August 24th. UBS AG set a $97.00 target price on shares of Ingersoll-Rand PLC (Ireland) and gave the company a “buy” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $93.00 target price (up previously from $90.00) on shares of Ingersoll-Rand PLC (Ireland) in a research note on Thursday, July 27th. Zacks Investment Research upgraded shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a report on Friday, July 28th. Finally, BidaskClub cut shares of Ingersoll-Rand PLC (Ireland) from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $99.18.

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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