Exxonmobil Investment Management Inc. TX Decreases Holdings in Ingersoll-Rand PLC (Ireland) (IR)

Exxonmobil Investment Management Inc. TX cut its holdings in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 14.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,730 shares of the industrial products company’s stock after selling 6,593 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Ingersoll-Rand PLC (Ireland) were worth $3,544,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of IR. Westfield Capital Management Co. LP purchased a new position in shares of Ingersoll-Rand PLC (Ireland) in the second quarter worth $100,929,000. Janus Henderson Group PLC increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 2,075.3% in the second quarter. Janus Henderson Group PLC now owns 716,452 shares of the industrial products company’s stock worth $65,477,000 after buying an additional 683,516 shares during the period. Prudential Financial Inc. increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 87.4% in the third quarter. Prudential Financial Inc. now owns 1,429,458 shares of the industrial products company’s stock worth $127,465,000 after buying an additional 666,550 shares during the period. Alyeska Investment Group L.P. increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 123.9% in the third quarter. Alyeska Investment Group L.P. now owns 1,171,328 shares of the industrial products company’s stock worth $104,447,000 after buying an additional 648,196 shares during the period. Finally, APG Asset Management N.V. increased its stake in shares of Ingersoll-Rand PLC (Ireland) by 83.0% in the third quarter. APG Asset Management N.V. now owns 1,418,049 shares of the industrial products company’s stock worth $126,447,000 after buying an additional 643,000 shares during the period. 82.37% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP Paul A. Camuti sold 14,097 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $95.00, for a total transaction of $1,339,215.00. Following the sale, the senior vice president now owns 66,439 shares in the company, valued at approximately $6,311,705. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Michael W. Lamach sold 210,508 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $88.28, for a total transaction of $18,583,646.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 235,065 shares of company stock worth $20,906,101. Insiders own 0.63% of the company’s stock.

Several research analysts recently commented on IR shares. JPMorgan Chase & Co. downgraded shares of Ingersoll-Rand PLC (Ireland) from an “overweight” rating to a “neutral” rating in a research note on Wednesday, September 20th. Morgan Stanley lifted their target price on shares of Ingersoll-Rand PLC (Ireland) from $94.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, September 25th. Zacks Investment Research downgraded shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. ValuEngine downgraded shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Citigroup lifted their target price on shares of Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the stock a “buy” rating in a research note on Monday, October 9th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $99.18.

Ingersoll-Rand PLC (NYSE:IR) opened at $91.10 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.43. The stock has a market cap of $22,985.35, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 1.97 and a beta of 1.35. Ingersoll-Rand PLC has a 1 year low of $75.20 and a 1 year high of $96.23.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last issued its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.01. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.41 EPS. equities research analysts predict that Ingersoll-Rand PLC will post 4.51 earnings per share for the current year.

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Ingersoll-Rand PLC (Ireland) 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.

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

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