Azzad Asset Management Inc. ADV Grows Position in Ingersoll Rand Inc. (NYSE:IR)

Azzad Asset Management Inc. ADV increased its stake in Ingersoll Rand Inc. (NYSE:IR) by 2.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,173 shares of the industrial products company’s stock after acquiring an additional 301 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Ingersoll Rand were worth $1,293,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of IR. Ridgewood Investments LLC purchased a new stake in Ingersoll Rand during the 2nd quarter valued at about $25,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Ingersoll Rand in the 4th quarter worth approximately $28,000. Headlands Technologies LLC bought a new position in shares of Ingersoll Rand during the first quarter valued at $28,000. Riverview Trust Co bought a new stake in Ingersoll Rand during the 1st quarter valued at about $29,000. Finally, Scarborough Advisors LLC purchased a new position in Ingersoll Rand in the 4th quarter worth approximately $32,000. 95.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ingersoll Rand

In related news, insider Kathleen M. Keene sold 4,629 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $89.99, for a total transaction of $416,563.71. Following the sale, the insider now owns 3,829 shares of the company’s stock, valued at $344,571.71. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Ingersoll Rand news, insider Kathleen M. Keene sold 4,629 shares of the stock in a transaction dated 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 sale, the insider now directly owns 3,829 shares of the company’s stock, valued at approximately $344,571.71. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Andrew R. Schiesl sold 15,381 shares of Ingersoll Rand stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $89.74, for a total transaction of $1,380,290.94. Following the completion of the transaction, the insider now directly owns 39,486 shares in the company, valued at approximately $3,543,473.64. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 77,510 shares of company stock valued at $7,108,005. Corporate insiders own 0.68% of the company’s stock.

Ingersoll Rand Trading Down 1.1 %

IR stock opened at $100.02 on Tuesday. The company has a market capitalization of $40.35 billion, a PE ratio of 49.76, a P/E/G ratio of 2.75 and a beta of 1.42. The firm’s 50-day moving average is $92.42 and its 200 day moving average is $92.78. Ingersoll Rand Inc. has a 12 month low of $59.20 and a 12 month high of $101.41. 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 (NYSE:IR) last released its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.06. Ingersoll Rand had a return on equity of 13.00% and a net margin of 11.73%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.78 billion. On average, research analysts anticipate that Ingersoll Rand Inc. will post 3.21 EPS for the current year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were issued 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 dividend yield of 0.08%. Ingersoll Rand’s dividend payout ratio is presently 3.98%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Barclays upped their target price on shares of Ingersoll Rand from $101.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Morgan Stanley initiated coverage on shares of Ingersoll Rand in a research note on Friday, September 6th. They set an “equal weight” rating and a $97.00 target price on the stock. Jefferies Financial Group initiated coverage on Ingersoll Rand in a research note on Friday, June 21st. They issued a “buy” rating and a $110.00 price target for the company. Robert W. Baird lifted their target price on Ingersoll Rand from $109.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, Evercore ISI decreased their price target on shares of Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating on the stock in a research note on Monday, August 19th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Ingersoll Rand has a consensus rating of “Moderate Buy” and an average price target of $102.00.

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.