Ingersoll-Rand: Major Institutions Support Shares in Third Quarter

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently increased stock shares of Ingersoll-Rand Plc (NYSE:IR).

SEC data indicate that no insiders have bought Ingersoll-Rand Plc’s stock since 06/30/2011.

SEC data indicate that these institutions significantly increased their stock shares of Ingersoll-Rand Plc in Q3 2011:

  • SOUTHEASTERN ASSET MANAGEMENT INC/TN/: On 06/30/2011, held 0 shares. On 09/30/2011, held 3,312,105 shares, worth $93,037,029.
  • SCHWERIN BOYLE CAPITAL MANAGEMENT INC: On 06/30/2011, held 0 shares. On 09/30/2011, held 438,325 shares, worth $12,312,549.
  • TEXAS PERMANENT SCHOOL FUND: On 06/30/2011, held 0 shares. On 09/30/2011, held 210,427 shares, worth $5,910,894.
  • SNOW CAPITAL MANAGEMENT LP: On 06/30/2011, held 0 shares. On 09/30/2011, held 209,160 shares, worth $5,875,304.

About the company: Ingersoll-Rand PLC is a diversified, global company that provides a diverse range of products and services for a wide range of industries. The Company’s operations include consist of air conditioning systems and services, climate control technologies, industrial technologies and security technologies.

Competitors to Watch: Lennox International Inc. (NYSE:LII), Standex Int’l Corp. (NYSE:SXI), AAON, Inc. (NASDAQ:AAON), Lennox International (NYSE:LII), Honeywell International (NYSE:HON), General Electric Company (NYSE:GE), Johnson Controls Inc. (NYSE:JCI) and Refrigeration Electrical Engineering (AMEX:REE).

(Note: Data regarding Ingersoll-Rand Plc’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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