Flippin Bruce & Porter Inc. Has $2.57 Million Holdings in Ingersoll-Rand PLC (IR)
Flippin Bruce & Porter Inc. lowered its stake in Ingersoll-Rand PLC (NYSE:IR) by 2.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 28,776 shares of the industrial products company’s stock after selling 861 shares during the quarter. Flippin Bruce & Porter Inc.’s holdings in Ingersoll-Rand were worth $2,567,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Martingale Asset Management L P lifted its position in shares of Ingersoll-Rand by 83.2% during the 4th quarter. Martingale Asset Management L P now owns 106,145 shares of the industrial products company’s stock worth $9,468,000 after purchasing an additional 48,221 shares during the last quarter. Sheaff Brock Investment Advisors LLC acquired a new position in shares of Ingersoll-Rand during the 4th quarter worth about $1,115,000. OppenheimerFunds Inc. lifted its position in shares of Ingersoll-Rand by 14.8% during the 4th quarter. OppenheimerFunds Inc. now owns 25,240 shares of the industrial products company’s stock worth $2,251,000 after purchasing an additional 3,248 shares during the last quarter. First Republic Investment Management Inc. lifted its position in shares of Ingersoll-Rand by 7.7% during the 4th quarter. First Republic Investment Management Inc. now owns 28,646 shares of the industrial products company’s stock worth $2,554,000 after purchasing an additional 2,038 shares during the last quarter. Finally, Thomas White International Ltd. acquired a new position in shares of Ingersoll-Rand during the 4th quarter worth about $446,000. 78.90% of the stock is owned by institutional investors.
In other news, Chairman Michael W. Lamach sold 58,284 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $90.30, for a total value of $5,263,045.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Michael W. Lamach sold 210,508 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $88.28, for a total value of $18,583,646.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 278,702 shares of company stock valued at $24,746,424. Insiders own 0.63% of the company’s stock.
Ingersoll-Rand PLC (NYSE IR) opened at $90.15 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $22,527.49, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 1.93 and a beta of 1.33. Ingersoll-Rand PLC has a twelve month low of $77.26 and a twelve month high of $97.67.
Ingersoll-Rand (NYSE:IR) last posted its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $1.02 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.01). The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.52 billion. Ingersoll-Rand had a net margin of 9.17% and a return on equity of 16.91%. The company’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the company earned $0.84 EPS. equities research analysts expect that Ingersoll-Rand PLC will post 5.17 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be issued a $0.45 dividend. The ex-dividend date is Thursday, March 8th. This represents a $1.80 annualized dividend and a yield of 2.00%. Ingersoll-Rand’s dividend payout ratio (DPR) is 35.50%.
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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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