Ingersoll Rand Inc. (NYSE:IR) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 0.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 296,279 shares of the industrial products company’s stock after selling 563 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.07% of Ingersoll Rand worth $26,914,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IR. Ridgewood Investments LLC bought a new position in Ingersoll Rand in the 2nd quarter worth about $25,000. Headlands Technologies LLC bought a new position in Ingersoll Rand in the 1st quarter worth about $28,000. Riverview Trust Co bought a new position in Ingersoll Rand in the 1st quarter worth about $29,000. Kapitalo Investimentos Ltda bought a new position in Ingersoll Rand in the 4th quarter worth about $28,000. Finally, ESL Trust Services LLC bought a new position in Ingersoll Rand in the 1st quarter worth about $35,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Insider Activity at Ingersoll Rand

In related news, insider Andrew R. Schiesl sold 15,381 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were 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 owns 39,486 shares in the company, valued at approximately $3,543,473.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Andrew R. Schiesl sold 15,381 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 39,486 shares in the company, valued at approximately $3,543,473.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 value of $4,625,500.00. Following the sale, the insider now owns 100,367 shares of the company’s stock, valued at $9,284,951.17. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,510 shares of company stock worth $7,108,005. 0.68% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on IR. Morgan Stanley initiated coverage on shares of Ingersoll Rand in a research report on Friday, September 6th. They issued an “equal weight” rating and a $97.00 target price for the company. Evercore ISI decreased their price objective on shares of Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating for the company in a report on Monday, August 19th. 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. Cfra reiterated a “hold” rating and issued a $85.00 price objective on shares of Ingersoll Rand in a report on Friday, August 2nd. Finally, Jefferies Financial Group initiated coverage on shares of Ingersoll Rand in a report on Friday, June 21st. They issued a “buy” rating and a $110.00 price objective for the company. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $100.00.

Ingersoll Rand Trading Up 0.7 %

Shares of NYSE:IR opened at $97.47 on Tuesday. The stock has a market capitalization of $39.32 billion, a price-to-earnings ratio of 48.49, a PEG ratio of 2.53 and a beta of 1.42. 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 quick ratio of 1.52 and a current ratio of 2.18. The company has a 50 day moving average price of $92.44 and a 200 day moving average price of $92.32.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.74 by $0.06. The business 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 anticipate that Ingersoll Rand Inc. will post 3.21 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

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