Canandaigua National Bank & Trust Co. Has $542,000 Position in Ingersoll-Rand PLC (IR)
Canandaigua National Bank & Trust Co. held its stake in Ingersoll-Rand PLC (NYSE:IR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,512 shares of the company’s stock at the end of the second quarter. Canandaigua National Bank & Trust Co.’s holdings in Ingersoll-Rand PLC were worth $542,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the company. Wellington Management Group LLP boosted its position in shares of Ingersoll-Rand PLC by 38.0% in the first quarter. Wellington Management Group LLP now owns 1,552,665 shares of the company’s stock worth $96,281,000 after buying an additional 427,812 shares during the last quarter. Virginia Retirement System bought a new position in shares of Ingersoll-Rand PLC during the first quarter worth about $262,000. Independent Portfolio Consultants Inc. boosted its position in shares of Ingersoll-Rand PLC by 76.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 4,565 shares of the company’s stock worth $291,000 after buying an additional 1,980 shares during the last quarter. Pacad Investment Ltd. bought a new position in shares of Ingersoll-Rand PLC during the first quarter worth about $645,000. Finally, UBS Group AG boosted its position in shares of Ingersoll-Rand PLC by 9.5% in the first quarter. UBS Group AG now owns 780,103 shares of the company’s stock worth $48,375,000 after buying an additional 67,878 shares during the last quarter. Hedge funds and other institutional investors own 81.02% of the company’s stock.
Shares of Ingersoll-Rand PLC (NYSE:IR) traded up 0.06% during trading on Tuesday, hitting $64.06. The company had a trading volume of 1,763,169 shares. The stock has a market capitalization of $16.53 billion, a price-to-earnings ratio of 11.80 and a beta of 1.35. Ingersoll-Rand PLC has a 12-month low of $47.08 and a 12-month high of $68.97. The stock has a 50-day moving average of $66.91 and a 200 day moving average of $64.70.
Ingersoll-Rand PLC (NYSE:IR) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.08. Ingersoll-Rand PLC had a return on equity of 17.73% and a net margin of 10.71%. The business earned $3.69 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same period in the prior year, the company earned $1.20 EPS. Ingersoll-Rand PLC’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts predict that Ingersoll-Rand PLC will post $4.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 9th will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $1.28 annualized dividend and a yield of 2.00%. Ingersoll-Rand PLC’s dividend payout ratio is presently 23.53%.
A number of research firms recently issued reports on IR. Jefferies Group reaffirmed a “buy” rating on shares of Ingersoll-Rand PLC in a report on Wednesday, August 3rd. Zacks Investment Research cut Ingersoll-Rand PLC from a “buy” rating to a “hold” rating in a report on Monday, August 1st. Stifel Nicolaus cut their price target on Ingersoll-Rand PLC from $77.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, July 28th. BMO Capital Markets began coverage on Ingersoll-Rand PLC in a report on Wednesday, July 13th. They issued an “outperform” rating and a $80.00 price target for the company. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and issued a $72.00 price target on shares of Ingersoll-Rand PLC in a report on Sunday, July 10th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Ingersoll-Rand PLC presently has a consensus rating of “Buy” and an average target price of $67.94.
In other Ingersoll-Rand PLC news, insider Paul A. Camuti sold 2,436 shares of the stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $67.91, for a total value of $165,428.76. Following the completion of the transaction, the insider now directly owns 52,240 shares in the company, valued at $3,547,618.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Keith A. Sultana sold 3,071 shares of the stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $68.81, for a total value of $211,315.51. Following the completion of the transaction, the senior vice president now owns 10,698 shares of the company’s stock, valued at $736,129.38. The disclosure for this sale can be found here. 0.65% of the stock is owned by company insiders.
Ingersoll-Rand PLC Company 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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