Ingersoll Rand Inc. (NYSE:IR) Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its stake in Ingersoll Rand Inc. (NYSE:IR) by 11.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,836 shares of the industrial products company’s stock after buying an additional 3,342 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Ingersoll Rand were worth $2,983,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of IR. Ridgewood Investments LLC purchased a new stake in Ingersoll Rand during the second quarter worth $25,000. Headlands Technologies LLC acquired a new position in shares of Ingersoll Rand in the first quarter worth about $28,000. Riverview Trust Co purchased a new stake in shares of Ingersoll Rand during the 1st quarter worth about $29,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Ingersoll Rand during the 4th quarter valued at about $28,000. Finally, ESL Trust Services LLC purchased a new position in shares of Ingersoll Rand in the 1st quarter valued at about $35,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Evercore ISI lowered their price target on Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating on the stock in a research report on Monday, August 19th. Wells Fargo & Company cut their price target on shares of Ingersoll Rand from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Stifel Nicolaus increased their price objective on shares of Ingersoll Rand from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Morgan Stanley assumed coverage on shares of Ingersoll Rand in a research note on Friday, September 6th. They set an “equal weight” rating and a $97.00 target price for the company. Finally, Jefferies Financial Group began coverage on shares of Ingersoll Rand in a research note on Friday, June 21st. They issued a “buy” rating and a $110.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $100.00.

Ingersoll Rand Stock Up 4.2 %

NYSE IR opened at $97.65 on Friday. The business has a fifty day moving average price of $92.47 and a 200 day moving average price of $92.21. Ingersoll Rand Inc. has a one year low of $59.20 and a one year high of $101.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.52 and a current ratio of 2.18. The company has a market cap of $39.40 billion, a P/E ratio of 48.58, a P/E/G ratio of 2.53 and a beta of 1.42.

Ingersoll Rand (NYSE:IR) last issued its earnings results on Wednesday, July 31st. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.06. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Ingersoll Rand had a return on equity of 13.00% and a net margin of 11.73%. Research analysts anticipate that Ingersoll Rand Inc. will post 3.21 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.08%. The ex-dividend date of this dividend was Thursday, August 15th. Ingersoll Rand’s payout ratio is currently 3.98%.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, insider Andrew R. Schiesl sold 15,381 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $89.74, for a total value of $1,380,290.94. Following the completion of the sale, the insider now directly owns 39,486 shares in the company, valued at approximately $3,543,473.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Vicente Reynal sold 50,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $92.51, for a total transaction of $4,625,500.00. Following the completion of the transaction, the insider now directly owns 100,367 shares in the company, valued at approximately $9,284,951.17. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Andrew R. Schiesl sold 15,381 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $89.74, for a total value of $1,380,290.94. Following the transaction, the insider now owns 39,486 shares of the company’s stock, valued at $3,543,473.64. The disclosure for this sale can be found here. Insiders sold a total of 77,510 shares of company stock worth $7,108,005 in the last three months. 0.68% of the stock is owned by corporate insiders.

Ingersoll Rand Profile

Ingersoll Rand Inc provides various mission-critical air, gas, liquid, and solid flow creation technologies services and solutions worldwide. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services segment designs, manufactures, markets, and services air and gas compression, vacuum, and blower products; fluid transfer equipment and loading systems; and power tools and lifting equipment, including associated aftermarket parts, consumables, air treatment equipment, controls, other accessories, and services under the under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle brands, etc.