Ensign Peak Advisors Inc Purchases 250,712 Shares of Ingersoll Rand Inc. (NYSE:IR)

Ensign Peak Advisors Inc boosted its position in Ingersoll Rand Inc. (NYSE:IR) by 20.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,454,956 shares of the industrial products company’s stock after purchasing an additional 250,712 shares during the period. Ensign Peak Advisors Inc owned about 0.36% of Ingersoll Rand worth $132,168,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IR. Ridgewood Investments LLC purchased a new stake in shares of Ingersoll Rand during the 2nd quarter valued at approximately $25,000. Headlands Technologies LLC purchased a new stake in Ingersoll Rand in the 1st quarter worth approximately $28,000. Riverview Trust Co purchased a new stake in Ingersoll Rand in the 1st quarter worth approximately $29,000. Kapitalo Investimentos Ltda purchased a new stake in Ingersoll Rand in the 4th quarter worth approximately $28,000. Finally, ESL Trust Services LLC purchased a new stake in Ingersoll Rand in the 1st quarter worth approximately $35,000. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ingersoll Rand

In related news, insider Andrew R. Schiesl sold 15,381 shares of Ingersoll Rand stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $89.74, for a total transaction of $1,380,290.94. Following the completion of the transaction, the insider now directly owns 39,486 shares of the company’s stock, valued at approximately $3,543,473.64. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Ingersoll Rand news, insider Kathleen M. Keene sold 4,629 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $89.99, for a total transaction of $416,563.71. Following the completion of the sale, the insider now directly owns 3,829 shares in the company, valued at approximately $344,571.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Andrew R. Schiesl sold 15,381 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $89.74, for a total transaction of $1,380,290.94. Following the sale, 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 valued at $7,108,005 in the last three months. Company insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

IR has been the topic of several recent analyst reports. Stifel Nicolaus increased their target price on shares of Ingersoll Rand from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Robert W. Baird increased their target price on shares of Ingersoll Rand from $109.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Jefferies Financial Group assumed coverage on shares of Ingersoll Rand in a report on Friday, June 21st. They issued a “buy” rating and a $110.00 price target on the stock. Wells Fargo & Company decreased their price target on shares of Ingersoll Rand from $102.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Finally, Morgan Stanley assumed coverage on shares of Ingersoll Rand in a report on Friday, September 6th. They issued an “equal weight” rating and a $97.00 price target on the stock. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $100.00.

Ingersoll Rand Trading Down 0.9 %

NYSE:IR opened at $96.78 on Friday. The company has a 50-day moving average price of $92.46 and a 200-day moving average price of $92.25. Ingersoll Rand Inc. has a 12 month low of $59.20 and a 12 month high of $101.30. The company has a current ratio of 2.18, a quick ratio of 1.52 and a debt-to-equity ratio of 0.47. The stock has a market cap of $39.04 billion, a price-to-earnings ratio of 48.15, a P/E/G ratio of 2.53 and a beta of 1.42.

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

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 15th were given a dividend of $0.02 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.08 dividend on an annualized basis and a yield of 0.08%. Ingersoll Rand’s dividend payout ratio (DPR) is currently 3.98%.

Ingersoll Rand Company 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.