Ingersoll Rand Inc. (NYSE:IR) Holdings Trimmed by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its holdings in Ingersoll Rand Inc. (NYSE:IR) by 4.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,899 shares of the industrial products company’s stock after selling 2,191 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Ingersoll Rand were worth $4,624,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of IR. Edgestream Partners L.P. bought a new stake in shares of Ingersoll Rand in the 2nd quarter worth approximately $775,000. GDS Wealth Management grew its holdings in shares of Ingersoll Rand by 7.6% in the 2nd quarter. GDS Wealth Management now owns 157,167 shares of the industrial products company’s stock worth $14,277,000 after acquiring an additional 11,055 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Ingersoll Rand by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 3,462,558 shares of the industrial products company’s stock worth $314,549,000 after purchasing an additional 224,463 shares during the period. Wealthspire Advisors LLC lifted its holdings in shares of Ingersoll Rand by 5.5% during the second quarter. Wealthspire Advisors LLC now owns 2,268 shares of the industrial products company’s stock valued at $206,000 after purchasing an additional 119 shares during the last quarter. Finally, Meeder Advisory Services Inc. boosted its position in shares of Ingersoll Rand by 22.3% in the 2nd quarter. Meeder Advisory Services Inc. now owns 4,956 shares of the industrial products company’s stock valued at $450,000 after purchasing an additional 903 shares during the period. 95.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Stifel Nicolaus upped their price objective on shares of Ingersoll Rand from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Evercore ISI reduced their price target on shares of Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating for the company in a research report on Monday, August 19th. Robert W. Baird lifted their price objective on shares of Ingersoll Rand from $109.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Wells Fargo & Company reduced their target price on Ingersoll Rand from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Finally, Cfra reissued a “hold” rating and set a $85.00 price target on shares of Ingersoll Rand in a research report on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $100.00.

Insider Activity

In other news, insider Vicente Reynal sold 50,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 100,367 shares in the company, valued at $9,284,951.17. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Kathleen M. Keene sold 4,629 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $89.99, for a total value of $416,563.71. Following 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 filing with the SEC, which is available at the SEC website. Also, insider Vicente Reynal sold 50,000 shares of the firm’s stock in a transaction that occurred on 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 owns 100,367 shares of the company’s stock, valued at approximately $9,284,951.17. 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. Insiders own 0.68% of the company’s stock.

Ingersoll Rand Stock Performance

Shares of IR opened at $96.77 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.18 and a quick ratio of 1.52. Ingersoll Rand Inc. has a one year low of $59.20 and a one year high of $101.30. The company’s fifty day moving average price is $92.46 and its 200 day moving average price is $92.26. The company has a market capitalization of $39.04 billion, a PE ratio of 48.14, a price-to-earnings-growth ratio of 2.53 and a beta of 1.42.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.06. The business 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%. As a group, analysts expect that Ingersoll Rand Inc. will post 3.21 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

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

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.