Campbell & CO Investment Adviser LLC acquired a new position in Ingersoll-Rand PLC (Ireland) (NYSE:IR) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,542 shares of the industrial products company’s stock, valued at approximately $1,475,000. Ingersoll-Rand PLC (Ireland) accounts for approximately 1.2% of Campbell & CO Investment Adviser LLC’s portfolio, making the stock its biggest position.

Other hedge funds have also recently made changes to their positions in the company. Advisory Services Network LLC lifted its position in shares of Ingersoll-Rand PLC (Ireland) by 19.5% in the 2nd quarter. Advisory Services Network LLC now owns 1,304 shares of the industrial products company’s stock worth $119,000 after acquiring an additional 213 shares during the period. Acrospire Investment Management LLC lifted its position in shares of Ingersoll-Rand PLC (Ireland) by 250.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the industrial products company’s stock worth $128,000 after buying an additional 1,000 shares during the period. Harfst & Associates Inc. lifted its position in shares of Ingersoll-Rand PLC (Ireland) by 43.9% during the 2nd quarter. Harfst & Associates Inc. now owns 1,580 shares of the industrial products company’s stock worth $144,000 after buying an additional 482 shares during the period. Bessemer Group Inc. lifted its position in shares of Ingersoll-Rand PLC (Ireland) by 185.5% during the 3rd quarter. Bessemer Group Inc. now owns 1,967 shares of the industrial products company’s stock worth $175,000 after buying an additional 1,278 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of Ingersoll-Rand PLC (Ireland) by 5.0% during the 2nd quarter. Parallel Advisors LLC now owns 2,103 shares of the industrial products company’s stock worth $185,000 after buying an additional 100 shares during the period. Institutional investors own 82.52% of the company’s stock.

Ingersoll-Rand PLC (NYSE IR) traded down $0.14 during mid-day trading on Friday, reaching $85.12. The company had a trading volume of 1,330,000 shares, compared to its average volume of 1,850,000. Ingersoll-Rand PLC has a 12-month low of $74.02 and a 12-month high of $96.23. The firm has a market cap of $21,230.00, a PE ratio of 19.52, a price-to-earnings-growth ratio of 2.04 and a beta of 1.37. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 0.89.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last released its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $1.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.01. The firm had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.65% and a net margin of 7.47%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm posted $1.41 EPS. equities research analysts forecast that Ingersoll-Rand PLC will post 4.51 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be paid a $0.45 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.80 annualized dividend and a dividend yield of 2.11%. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio (DPR) is currently 45.00%.

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Several equities analysts recently commented on IR shares. Stifel Nicolaus cut their target price on Ingersoll-Rand PLC (Ireland) from $103.00 to $101.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. J P Morgan Chase & Co downgraded Ingersoll-Rand PLC (Ireland) from an “overweight” rating to a “neutral” rating in a research report on Wednesday, September 20th. Zacks Investment Research downgraded Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Citigroup Inc. raised their target price on Ingersoll-Rand PLC (Ireland) from $98.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Finally, ValuEngine upgraded Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $99.18.

In other news, SVP Paul A. Camuti sold 14,097 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $95.00, for a total value of $1,339,215.00. Following the completion of the sale, the senior vice president now directly owns 66,439 shares of the company’s stock, valued at approximately $6,311,705. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marcia J. Avedon sold 10,460 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $94.00, for a total value of $983,240.00. Following the completion of the sale, the insider now directly owns 111,637 shares of the company’s stock, valued at $10,493,878. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by company insiders.

About Ingersoll-Rand PLC (Ireland)

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.

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

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