Thrivent Financial for Lutherans decreased its holdings in shares of Ingersoll Rand Inc. (NYSE:IR – Free Report) 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
Read Our Latest Analysis on Ingersoll Rand
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 – Get Free Report) 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.
See Also
- Five stocks we like better than Ingersoll Rand
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- The Average 401k Balance by Age Explained
- Do ETFs Pay Dividends? What You Need to Know
- 3 Uranium Stocks To Gain as Microsoft Goes Nuclear to Power AI
- Buy P&G Now, Before It Sets A New All-Time High
- Biotech Boom Ahead? Key Stocks and ETFs to Watch Now
Receive News & Ratings for Ingersoll Rand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingersoll Rand and related companies with MarketBeat.com's FREE daily email newsletter.