Benjamin F. Edwards & Company Inc. Buys 1,424 Shares of Ingersoll Rand Inc. (NYSE:IR)

Benjamin F. Edwards & Company Inc. grew its stake in Ingersoll Rand Inc. (NYSE:IR) by 14.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,975 shares of the industrial products company’s stock after buying an additional 1,424 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Ingersoll Rand were worth $997,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Ridgewood Investments LLC bought a new position in shares of Ingersoll Rand in the 2nd quarter worth about $25,000. Kapitalo Investimentos Ltda bought a new stake in Ingersoll Rand in the fourth quarter worth approximately $28,000. Headlands Technologies LLC acquired a new position in Ingersoll Rand in the first quarter valued at approximately $28,000. Riverview Trust Co bought a new position in shares of Ingersoll Rand during the 1st quarter worth approximately $29,000. Finally, Scarborough Advisors LLC bought a new position in shares of Ingersoll Rand during the 4th quarter worth approximately $32,000. 95.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, insider Vicente Reynal sold 50,000 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly 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 accessible through this link. In other Ingersoll Rand news, insider Vicente Reynal sold 50,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were 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 of the company’s stock, valued at $9,284,951.17. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Elizabeth Meloy Hepding sold 7,500 shares of Ingersoll Rand stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $91.42, for a total transaction of $685,650.00. Following the completion of the transaction, the insider now owns 6,559 shares of the company’s stock, valued at approximately $599,623.78. The disclosure for this sale can be found here. Insiders have sold a total of 77,510 shares of company stock worth $7,108,005 over the last three months. 0.68% of the stock is currently owned by insiders.

Ingersoll Rand Price Performance

IR opened at $97.47 on Tuesday. Ingersoll Rand Inc. has a 1 year low of $59.20 and a 1 year high of $101.30. 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 company has a market capitalization of $39.32 billion, a price-to-earnings ratio of 48.49, a P/E/G ratio of 2.53 and a beta of 1.42. The firm’s fifty day moving average price is $92.44 and its two-hundred day moving average price is $92.32.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $1.78 billion. Ingersoll Rand had a net margin of 11.73% and a return on equity of 13.00%. As a group, analysts anticipate that Ingersoll Rand Inc. will post 3.21 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on IR shares. Jefferies Financial Group began coverage on shares of Ingersoll Rand in a research report on Friday, June 21st. They set a “buy” rating and a $110.00 target price on the stock. Stifel Nicolaus increased their price objective on shares of 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 dropped their price target on Ingersoll Rand from $102.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Barclays reduced their price objective on Ingersoll Rand from $106.00 to $101.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Finally, Robert W. Baird boosted their price objective on Ingersoll Rand from $109.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Ingersoll Rand currently 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.