HPM Partners LLC increased its stake in shares of Ingersoll-Rand PLC (NYSE:IR) by 16.7% in the 4th quarter, Holdings Channel reports. The firm owned 6,779 shares of the industrial products company’s stock after purchasing an additional 969 shares during the period. HPM Partners LLC’s holdings in Ingersoll-Rand were worth $605,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IR. Calton & Associates Inc. purchased a new stake in Ingersoll-Rand during the 4th quarter valued at about $112,000. Resources Investment Advisors Inc. grew its stake in Ingersoll-Rand by 218.6% during the 4th quarter. Resources Investment Advisors Inc. now owns 1,354 shares of the industrial products company’s stock valued at $122,000 after acquiring an additional 929 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in Ingersoll-Rand during the 3rd quarter valued at about $152,000. Advisory Services Network LLC grew its stake in Ingersoll-Rand by 61.3% during the 4th quarter. Advisory Services Network LLC now owns 1,790 shares of the industrial products company’s stock valued at $160,000 after acquiring an additional 680 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in Ingersoll-Rand by 185.5% during the 3rd quarter. Bessemer Group Inc. now owns 1,967 shares of the industrial products company’s stock valued at $175,000 after acquiring an additional 1,278 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

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In other news, insider Paul A. Camuti sold 1,678 shares of the firm’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $85.15, for a total value of $142,881.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Michael W. Lamach sold 58,284 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $90.30, for a total transaction of $5,263,045.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 280,380 shares of company stock worth $24,889,306. 0.63% of the stock is owned by company insiders.

Several analysts recently issued reports on the stock. Stifel Nicolaus upped their price objective on shares of Ingersoll-Rand from $101.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Zacks Investment Research cut shares of Ingersoll-Rand from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. UBS Group initiated coverage on shares of Ingersoll-Rand in a research note on Monday, January 22nd. They set a “buy” rating and a $105.00 price objective for the company. KeyCorp reissued a “hold” rating on shares of Ingersoll-Rand in a research note on Sunday, November 19th. Finally, Argus increased their price target on shares of Ingersoll-Rand to $105.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. Ingersoll-Rand presently has a consensus rating of “Hold” and an average price target of $103.69.

Ingersoll-Rand PLC (NYSE:IR) opened at $88.24 on Wednesday. The firm has a market cap of $22,010.25, a P/E ratio of 19.49, a P/E/G ratio of 1.89 and a beta of 1.34. Ingersoll-Rand PLC has a 1 year low of $77.26 and a 1 year high of $97.67. The company has a current ratio of 1.27, a quick ratio of 0.95 and a debt-to-equity ratio of 0.41.

Ingersoll-Rand (NYSE:IR) last released its earnings results on Wednesday, January 31st. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.01). The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.52 billion. Ingersoll-Rand had a return on equity of 16.91% and a net margin of 9.17%. Ingersoll-Rand’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 earnings per share. analysts expect that Ingersoll-Rand PLC will post 5.17 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.04%. Ingersoll-Rand’s dividend payout ratio (DPR) is presently 35.50%.

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

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