Cetera Investment Advisers Has $4.98 Million Holdings in Ingersoll Rand Inc. (NYSE:IR)

Cetera Investment Advisers lifted its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 5.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,828 shares of the industrial products company’s stock after purchasing an additional 2,835 shares during the quarter. Cetera Investment Advisers’ holdings in Ingersoll Rand were worth $4,981,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IR. Elo Mutual Pension Insurance Co raised its holdings in shares of Ingersoll Rand by 4.3% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 35,268 shares of the industrial products company’s stock worth $2,728,000 after acquiring an additional 1,451 shares during the last quarter. State of Tennessee Treasury Department lifted its holdings in shares of Ingersoll Rand by 64.8% in the fourth quarter. State of Tennessee Treasury Department now owns 388,745 shares of the industrial products company’s stock valued at $30,066,000 after purchasing an additional 152,796 shares in the last quarter. Putnam Investments LLC boosted its position in shares of Ingersoll Rand by 8.0% during the fourth quarter. Putnam Investments LLC now owns 9,443,792 shares of the industrial products company’s stock valued at $730,383,000 after buying an additional 696,610 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Ingersoll Rand by 25.6% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,939,809 shares of the industrial products company’s stock worth $150,025,000 after buying an additional 395,282 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its position in Ingersoll Rand by 31.3% in the 4th quarter. V Square Quantitative Management LLC now owns 7,484 shares of the industrial products company’s stock valued at $579,000 after buying an additional 1,782 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other 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 value 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Kathleen M. Keene sold 4,629 shares of the business’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 completion of the transaction, the insider now owns 3,829 shares of the company’s stock, valued at approximately $344,571.71. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the insider now directly owns 39,486 shares in the company, valued at $3,543,473.64. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,510 shares of company stock worth $7,108,005 in the last quarter. 0.68% of the stock is owned by company insiders.

Ingersoll Rand Price Performance

NYSE IR opened at $98.87 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 2.18 and a debt-to-equity ratio of 0.47. The company has a market cap of $39.89 billion, a PE ratio of 49.19, a price-to-earnings-growth ratio of 2.75 and a beta of 1.42. Ingersoll Rand Inc. has a 52 week low of $59.20 and a 52 week high of $101.41. The firm’s 50-day simple moving average is $92.44 and its two-hundred day simple moving average is $92.81.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.06. The company 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%. Research analysts predict that Ingersoll Rand Inc. will post 3.21 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors 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 dividend on an annualized basis and a yield of 0.08%. Ingersoll Rand’s dividend payout ratio (DPR) is 3.98%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IR. Jefferies Financial Group started coverage on shares of Ingersoll Rand in a research note on Friday, June 21st. They issued a “buy” rating and a $110.00 target price for the company. Cfra increased their price objective on shares of Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Stifel Nicolaus lifted their target price 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. Barclays upped their target price on Ingersoll Rand from $101.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Finally, Robert W. Baird lifted their price target on Ingersoll Rand from $109.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Ingersoll Rand has an average rating of “Moderate Buy” and an average price target of $102.00.

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.