TD Asset Management Inc. Has $131.94 Million Holdings in Ingersoll-Rand PLC (NYSE:IR)

TD Asset Management Inc. cut its position in Ingersoll-Rand PLC (NYSE:IR) by 7.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,041,611 shares of the industrial products company’s stock after selling 89,894 shares during the quarter. TD Asset Management Inc. owned approximately 0.43% of Ingersoll-Rand worth $131,940,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of IR. WP Advisors LLC acquired a new stake in Ingersoll-Rand in the 1st quarter worth $34,000. Arrow Financial Corp grew its position in Ingersoll-Rand by 232.6% in the 2nd quarter. Arrow Financial Corp now owns 286 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 200 shares during the last quarter. AdvisorNet Financial Inc grew its position in Ingersoll-Rand by 92.2% in the 2nd quarter. AdvisorNet Financial Inc now owns 294 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 141 shares during the last quarter. Financial Gravity Wealth Inc. acquired a new stake in Ingersoll-Rand in the 1st quarter worth $38,000. Finally, Berman Capital Advisors LLC grew its position in Ingersoll-Rand by 93.9% in the 2nd quarter. Berman Capital Advisors LLC now owns 316 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 153 shares during the last quarter. Institutional investors and hedge funds own 77.97% of the company’s stock.

In other Ingersoll-Rand news, CEO Michael W. Lamach sold 146,733 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $125.00, for a total value of $18,341,625.00. Following the completion of the transaction, the chief executive officer now directly owns 356,238 shares of the company’s stock, valued at $44,529,750. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Evan M. Turtz sold 3,770 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $128.00, for a total transaction of $482,560.00. Following the completion of the transaction, the insider now directly owns 15,549 shares of the company’s stock, valued at $1,990,272. The disclosure for this sale can be found here. Insiders have sold a total of 151,441 shares of company stock valued at $18,935,873 over the last three months. 0.71% of the stock is currently owned by insiders.

Several research firms have issued reports on IR. Zacks Investment Research lowered shares of Ingersoll-Rand from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Jefferies Financial Group lowered shares of Ingersoll-Rand from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a research report on Tuesday, July 2nd. ValuEngine lowered shares of Ingersoll-Rand from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. KeyCorp raised their price objective on shares of Ingersoll-Rand from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. They noted that the move was a valuation call. Finally, Barclays raised their price objective on shares of Ingersoll-Rand from $115.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $128.70.

IR stock traded up $2.65 during trading on Tuesday, hitting $120.39. 52,127 shares of the stock traded hands, compared to its average volume of 1,367,360. Ingersoll-Rand PLC has a one year low of $85.15 and a one year high of $128.31. The stock has a market cap of $28.84 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 1.68 and a beta of 1.24. The stock has a 50 day moving average of $123.86. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.23.

Ingersoll-Rand (NYSE:IR) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.03. Ingersoll-Rand had a net margin of 8.89% and a return on equity of 20.97%. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same period last year, the firm posted $1.85 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, research analysts forecast that Ingersoll-Rand PLC will post 6.4 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 1.76%. The ex-dividend date is Thursday, September 5th. Ingersoll-Rand’s dividend payout ratio is currently 37.79%.

About Ingersoll-Rand

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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