Ingersoll-Rand PLC (IR) Shares Bought by Quantitative Systematic Strategies LLC

Quantitative Systematic Strategies LLC increased its stake in Ingersoll-Rand PLC (NYSE:IR) by 162.6% in the first quarter, Holdings Channel reports. The institutional investor owned 22,019 shares of the industrial products company’s stock after acquiring an additional 13,633 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in Ingersoll-Rand were worth $2,377,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Resources Investment Advisors Inc. acquired a new position in Ingersoll-Rand in the fourth quarter worth $27,000. Oregon Public Employees Retirement Fund boosted its holdings in Ingersoll-Rand by 8,911.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,440,494 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 2,413,413 shares during the period. Legacy Financial Advisors Inc. boosted its holdings in Ingersoll-Rand by 78.3% in the fourth quarter. Legacy Financial Advisors Inc. now owns 312 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 137 shares during the period. Ruggie Capital Group acquired a new position in Ingersoll-Rand in the fourth quarter worth $28,000. Finally, Capital Financial Planning LLC acquired a new position in Ingersoll-Rand in the fourth quarter worth $32,000. Institutional investors and hedge funds own 81.15% of the company’s stock.

A number of equities analysts have commented on IR shares. Credit Suisse Group reaffirmed an “outperform” rating and issued a $115.00 price objective (up previously from $108.00) on shares of Ingersoll-Rand in a report on Thursday, January 31st. Barclays decreased their price objective on shares of Ingersoll-Rand from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, January 11th. Zacks Investment Research raised shares of Ingersoll-Rand from a “sell” rating to a “hold” rating in a report on Monday, January 28th. Deutsche Bank started coverage on shares of Ingersoll-Rand in a report on Wednesday, March 13th. They set a “hold” rating and a $107.00 price target for the company. Finally, Morgan Stanley set a $120.00 price target on shares of Ingersoll-Rand and gave the company a “buy” rating in a report on Tuesday, February 26th. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $116.20.

In related news, Chairman Michael W. Lamach sold 105,064 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $105.74, for a total value of $11,109,467.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Christopher J. Kuehn sold 5,195 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $109.90, for a total transaction of $570,930.50. Following the completion of the sale, the chief accounting officer now directly owns 25,273 shares of the company’s stock, valued at approximately $2,777,502.70. The disclosure for this sale can be found here. Insiders sold 242,747 shares of company stock valued at $25,550,072 in the last ninety days. Corporate insiders own 0.70% of the company’s stock.

Shares of IR traded down $0.43 during midday trading on Monday, hitting $113.98. 992,541 shares of the stock traded hands, compared to its average volume of 1,467,556. Ingersoll-Rand PLC has a 1-year low of $79.63 and a 1-year high of $114.55. The company has a market cap of $27.71 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 1.67 and a beta of 1.28. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 1.33.

Ingersoll-Rand (NYSE:IR) last announced its quarterly earnings results on Wednesday, January 30th. The industrial products company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.03. Ingersoll-Rand had a net margin of 8.54% and a return on equity of 19.78%. The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter in the previous year, the company posted $1.02 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. Analysts predict that Ingersoll-Rand PLC will post 6.29 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 1.86%. The ex-dividend date is Thursday, June 6th. Ingersoll-Rand’s payout ratio is currently 37.79%.

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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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