Mercer Global Advisors Inc. ADV Sells 1,073 Shares of Ingersoll Rand Inc. (NYSE:IR)

Mercer Global Advisors Inc. ADV decreased its position in Ingersoll Rand Inc. (NYSE:IR) by 3.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,340 shares of the industrial products company’s stock after selling 1,073 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Ingersoll Rand were worth $2,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on IR shares. Cfra reissued a “hold” rating and issued a $85.00 target price on shares of Ingersoll Rand in a research note on Friday, August 2nd. Robert W. Baird boosted their target price on Ingersoll Rand from $109.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Evercore ISI dropped their price target on Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating for the company in a research note on Monday, August 19th. Wells Fargo & Company reduced their price objective on shares of Ingersoll Rand from $102.00 to $100.00 and set an “overweight” rating on the stock in a research 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 issued a buy rating to the company’s stock. According to MarketBeat, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and an average target price of $100.00.

Insider Buying and Selling

In other Ingersoll Rand news, insider Andrew R. Schiesl sold 15,381 shares of Ingersoll Rand stock in a transaction dated 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 of the company’s stock, valued at $3,543,473.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Ingersoll Rand 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 value 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Andrew R. Schiesl sold 15,381 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 39,486 shares in the company, valued at approximately $3,543,473.64. 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 in the last quarter. Corporate insiders own 0.68% of the company’s stock.

Ingersoll Rand Trading Up 0.7 %

NYSE:IR opened at $97.47 on Tuesday. The firm has a market capitalization of $39.32 billion, a P/E ratio of 48.49, a PEG ratio of 2.53 and a beta of 1.42. 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 Inc. has a one year low of $59.20 and a one year high of $101.30. The company’s 50-day simple moving average is $92.44 and its 200 day simple moving average is $92.32.

Ingersoll Rand (NYSE:IR) last posted 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. Ingersoll Rand had a return on equity of 13.00% and a net margin of 11.73%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.78 billion. As a group, analysts forecast that Ingersoll Rand Inc. will post 3.21 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

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

Ingersoll Rand Company 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.