Ingersoll Rand Inc. (NYSE:IR) Shares Bought by Symmetry Investments LP

Symmetry Investments LP grew its holdings in Ingersoll Rand Inc. (NYSE:IR) by 32.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,689 shares of the industrial products company’s stock after buying an additional 22,823 shares during the quarter. Ingersoll Rand comprises 1.0% of Symmetry Investments LP’s investment portfolio, making the stock its 25th biggest holding. Symmetry Investments LP’s holdings in Ingersoll Rand were worth $8,511,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Ridgewood Investments LLC acquired a new position in Ingersoll Rand during the second quarter worth about $25,000. Kapitalo Investimentos Ltda acquired a new position in Ingersoll Rand during the fourth quarter worth $28,000. Headlands Technologies LLC purchased a new stake in Ingersoll Rand during the first quarter worth $28,000. Riverview Trust Co acquired a new stake in Ingersoll Rand in the first quarter valued at $29,000. Finally, Scarborough Advisors LLC purchased a new position in shares of Ingersoll Rand in the fourth quarter valued at $32,000. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ingersoll Rand

In other news, insider Vicente Reynal sold 50,000 shares of Ingersoll Rand stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $92.51, for a total value of $4,625,500.00. Following the transaction, the insider now directly owns 100,367 shares of the company’s stock, valued at approximately $9,284,951.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Vicente Reynal sold 50,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $92.51, for a total value of $4,625,500.00. Following the completion of the sale, the insider now owns 100,367 shares of the company’s stock, valued at $9,284,951.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kathleen M. Keene sold 4,629 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 3,829 shares in the company, valued at approximately $344,571.71. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,510 shares of company stock valued at $7,108,005. Company insiders own 0.68% of the company’s stock.

Ingersoll Rand Stock Down 0.9 %

IR opened at $96.78 on Friday. Ingersoll Rand Inc. has a 12 month low of $59.20 and a 12 month high of $101.30. The business has a 50-day moving average of $92.46 and a two-hundred day moving average of $92.25. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.18 and a quick ratio of 1.52. The stock has a market capitalization of $39.04 billion, a price-to-earnings ratio of 48.15, a price-to-earnings-growth ratio of 2.53 and a beta of 1.42.

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

Ingersoll Rand Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on IR. Jefferies Financial Group started coverage on shares of Ingersoll Rand in a research note on Friday, June 21st. They issued a “buy” rating and a $110.00 price objective on the stock. Stifel Nicolaus lifted their price objective on Ingersoll Rand from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Wells Fargo & Company lowered their target price on Ingersoll Rand from $102.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Cfra reissued a “hold” rating and issued a $85.00 price target on shares of Ingersoll Rand in a report on Friday, August 2nd. Finally, Robert W. Baird increased their price objective on Ingersoll Rand from $109.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $100.00.

About Ingersoll Rand

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.