Wilen Investment Management CORP. Decreases Holdings in Ingersoll-Rand PLC (NYSE:IR)

Wilen Investment Management CORP. reduced its stake in Ingersoll-Rand PLC (NYSE:IR) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,089 shares of the industrial products company’s stock after selling 100 shares during the period. Ingersoll-Rand accounts for approximately 1.5% of Wilen Investment Management CORP.’s investment portfolio, making the stock its 22nd biggest position. Wilen Investment Management CORP.’s holdings in Ingersoll-Rand were worth $1,945,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Citizens Financial Group Inc RI lifted its position in Ingersoll-Rand by 93.1% during the fourth quarter. Citizens Financial Group Inc RI now owns 1,014 shares of the industrial products company’s stock worth $93,000 after purchasing an additional 489 shares during the period. Valley National Advisers Inc. raised its stake in Ingersoll-Rand by 9.7% during the fourth quarter. Valley National Advisers Inc. now owns 8,201 shares of the industrial products company’s stock worth $748,000 after acquiring an additional 726 shares in the last quarter. Nalls Sherbakoff Group LLC acquired a new position in Ingersoll-Rand during the fourth quarter worth about $46,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Ingersoll-Rand by 5.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,158 shares of the industrial products company’s stock worth $1,528,000 after acquiring an additional 756 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Ingersoll-Rand by 10.2% during the first quarter. Wells Fargo & Company MN now owns 1,350,417 shares of the industrial products company’s stock worth $145,778,000 after acquiring an additional 124,916 shares in the last quarter. Hedge funds and other institutional investors own 78.77% of the company’s stock.

Shares of Ingersoll-Rand stock traded down $0.22 on Friday, reaching $124.13. 17,671 shares of the company’s stock were exchanged, compared to its average volume of 1,234,184. The stock has a market capitalization of $29.90 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 1.82 and a beta of 1.28. Ingersoll-Rand PLC has a 52 week low of $85.15 and a 52 week high of $127.08. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.14 and a current ratio of 1.58.

Ingersoll-Rand (NYSE:IR) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.09. Ingersoll-Rand had a return on equity of 20.52% and a net margin of 8.94%. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the prior year, the business earned $0.70 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities research analysts forecast that Ingersoll-Rand PLC will post 6.36 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, September 5th. Ingersoll-Rand’s dividend payout ratio is currently 37.79%.

In other Ingersoll-Rand news, insider David S. Regnery sold 7,957 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $122.25, for a total transaction of $972,743.25. Following the transaction, the insider now directly owns 58,735 shares in the company, valued at approximately $7,180,353.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Christopher J. Kuehn sold 5,195 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $109.90, for a total value of $570,930.50. Following the transaction, the chief accounting officer now owns 25,273 shares in the company, valued at $2,777,502.70. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.

IR has been the subject of several research analyst reports. Morgan Stanley set a $120.00 target price on Ingersoll-Rand and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Deutsche Bank initiated coverage on Ingersoll-Rand in a research note on Wednesday, March 13th. They set a “hold” rating and a $107.00 target price for the company. Wells Fargo & Co downgraded Ingersoll-Rand from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $110.00 to $113.00 in a research note on Monday, March 18th. They noted that the move was a valuation call. Zacks Investment Research raised Ingersoll-Rand from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a research note on Tuesday, April 2nd. Finally, Barclays upped their price objective on Ingersoll-Rand from $111.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Ingersoll-Rand currently has an average rating of “Buy” and a consensus target price of $123.96.

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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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