Ingersoll Rand Inc. (NYSE:IR) Holdings Raised by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in Ingersoll Rand Inc. (NYSE:IR) by 65.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,426 shares of the industrial products company’s stock after buying an additional 37,387 shares during the period. SG Americas Securities LLC’s holdings in Ingersoll Rand were worth $9,269,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of IR. Czech National Bank lifted its position in Ingersoll Rand by 7.0% in the third quarter. Czech National Bank now owns 82,194 shares of the industrial products company’s stock worth $8,068,000 after purchasing an additional 5,357 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Ingersoll Rand by 11.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,548 shares of the industrial products company’s stock valued at $152,000 after buying an additional 153 shares during the period. Newbridge Financial Services Group Inc. boosted its stake in Ingersoll Rand by 19.1% during the second quarter. Newbridge Financial Services Group Inc. now owns 2,620 shares of the industrial products company’s stock valued at $238,000 after buying an additional 420 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Ingersoll Rand during the second quarter worth about $1,038,000. Finally, Clearbridge Investments LLC bought a new stake in Ingersoll Rand in the second quarter worth about $948,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Insiders Place Their Bets

In related news, insider Andrew R. Schiesl sold 15,381 shares of the firm’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 transaction of $1,380,290.94. Following the transaction, the insider now owns 39,486 shares of the company’s stock, valued at approximately $3,543,473.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Ingersoll Rand news, insider Andrew R. Schiesl sold 15,381 shares of the 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 of the company’s stock, valued at $3,543,473.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Elizabeth Meloy Hepding sold 7,500 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $91.42, for a total value of $685,650.00. Following the completion of the sale, the insider now directly owns 6,559 shares of the company’s stock, valued at $599,623.78. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,510 shares of company stock valued at $7,108,005 in the last three months. Insiders own 0.68% of the company’s stock.

Ingersoll Rand Price Performance

Shares of IR opened at $101.13 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. The company has a market capitalization of $40.80 billion, a price-to-earnings ratio of 50.31, a P/E/G ratio of 2.75 and a beta of 1.42. The business’s 50-day moving average is $92.42 and its 200-day moving average is $92.78. Ingersoll Rand Inc. has a fifty-two week low of $59.20 and a fifty-two week high of $101.30.

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, topping analysts’ consensus estimates of $0.74 by $0.06. Ingersoll Rand had a net margin of 11.73% and a return on equity of 13.00%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.78 billion. Equities research analysts expect that Ingersoll Rand Inc. will post 3.21 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were paid a $0.02 dividend. The ex-dividend date of this dividend 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%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group initiated coverage on shares of Ingersoll Rand in a research report on Friday, June 21st. They set a “buy” rating and a $110.00 price objective for the company. Wolfe Research upgraded shares of Ingersoll Rand to a “hold” rating in a research report on Friday, September 20th. Cfra increased their price objective on Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a research report on Friday. Wells Fargo & Company decreased 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. Finally, Morgan Stanley assumed coverage on Ingersoll Rand in a report on Friday, September 6th. They set an “equal weight” rating and a $97.00 target price for the company. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Ingersoll Rand has a consensus rating of “Moderate Buy” and an average price target of $101.17.

Ingersoll Rand 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.