Osborn Williams & Donohoe LLC Purchases 1,280 Shares of Ingersoll-Rand PLC (NYSE:IR)

Osborn Williams & Donohoe LLC boosted its position in Ingersoll-Rand PLC (NYSE:IR) by 129.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,265 shares of the industrial products company’s stock after acquiring an additional 1,280 shares during the quarter. Osborn Williams & Donohoe LLC’s holdings in Ingersoll-Rand were worth $287,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC grew its stake in shares of Ingersoll-Rand by 16.0% during the first quarter. FMR LLC now owns 5,672,472 shares of the industrial products company’s stock valued at $612,343,000 after buying an additional 781,104 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Ingersoll-Rand by 10.1% during the fourth quarter. Geode Capital Management LLC now owns 3,277,339 shares of the industrial products company’s stock valued at $298,484,000 after buying an additional 300,549 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Ingersoll-Rand by 9.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,435,070 shares of the industrial products company’s stock valued at $222,163,000 after buying an additional 202,534 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Ingersoll-Rand by 7.4% during the first quarter. Victory Capital Management Inc. now owns 1,911,749 shares of the industrial products company’s stock valued at $206,374,000 after buying an additional 131,297 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its stake in shares of Ingersoll-Rand by 2.6% during the first quarter. Westfield Capital Management Co. LP now owns 1,409,211 shares of the industrial products company’s stock valued at $152,124,000 after buying an additional 35,928 shares during the last quarter. 78.35% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ingersoll-Rand stock traded down $1.72 during trading on Friday, reaching $119.23. 25,077 shares of the stock were exchanged, compared to its average volume of 1,400,740. The company has a current ratio of 1.23, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69. The stock’s fifty day moving average is $124.34. The firm has a market cap of $28.87 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 1.68 and a beta of 1.24. Ingersoll-Rand PLC has a 1 year low of $85.15 and a 1 year high of $128.31.

Ingersoll-Rand (NYSE:IR) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $2.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.06 by $0.03. The company had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.57 billion. Ingersoll-Rand had a net margin of 8.89% and a return on equity of 20.97%. Ingersoll-Rand’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.85 earnings per share. On average, analysts predict that Ingersoll-Rand PLC will post 6.4 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.78%. Ingersoll-Rand’s dividend payout ratio is currently 37.79%.

In other Ingersoll-Rand news, Director Jared L. Cohon sold 938 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $119.07, for a total value of $111,687.66. Following the completion of the sale, the director now directly owns 23,697 shares in the company, valued at $2,821,601.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael W. Lamach sold 146,733 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $125.00, for a total transaction of $18,341,625.00. Following the completion of the sale, the chief executive officer now owns 356,238 shares of the company’s stock, valued at $44,529,750. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 151,441 shares of company stock valued at $18,935,873. 0.70% of the stock is currently owned by company insiders.

A number of research analysts have recently issued reports on IR shares. Barclays raised their price objective on Ingersoll-Rand from $115.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Jefferies Financial Group cut Ingersoll-Rand from a “buy” rating to a “hold” rating and set a $140.00 price objective on the stock. in a research note on Tuesday, July 2nd. KeyCorp raised their price objective on Ingersoll-Rand from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. They noted that the move was a valuation call. ValuEngine cut Ingersoll-Rand from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, BMO Capital Markets raised their price objective on Ingersoll-Rand from $112.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $128.70.

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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