Northwestern Mutual Wealth Management Co. Purchases 382 Shares of Ingersoll Rand Inc. (NYSE:IR)

Northwestern Mutual Wealth Management Co. raised its holdings in Ingersoll Rand Inc. (NYSE:IR) by 2.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,871 shares of the industrial products company’s stock after purchasing an additional 382 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Ingersoll Rand were worth $1,533,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ridgewood Investments LLC acquired a new position in Ingersoll Rand during the second quarter worth about $25,000. Headlands Technologies LLC bought a new position in Ingersoll Rand in the 1st quarter valued at approximately $28,000. Riverview Trust Co bought a new position in Ingersoll Rand in the 1st quarter valued at approximately $29,000. Kapitalo Investimentos Ltda bought a new stake in shares of Ingersoll Rand during the fourth quarter worth $28,000. Finally, ESL Trust Services LLC bought a new position in shares of Ingersoll Rand in the 1st quarter valued at $35,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Analyst Upgrades and Downgrades

IR has been the subject of several research reports. Evercore ISI dropped their target price on Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating for the company in a research report on Monday, August 19th. Robert W. Baird lifted their target price on shares of Ingersoll Rand from $109.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Wolfe Research upgraded shares of Ingersoll Rand to a “hold” rating in a research report on Friday, September 20th. Cfra lifted their price target on shares of Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a report on Friday. Finally, Morgan Stanley assumed coverage on Ingersoll Rand in a report on Friday, September 6th. They issued an “equal weight” rating and a $97.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.17.

Ingersoll Rand Stock Performance

IR stock opened at $101.13 on Friday. The firm has a market cap of $40.80 billion, a PE ratio of 50.31, a price-to-earnings-growth ratio of 2.75 and a beta of 1.42. The company has a current ratio of 2.18, a quick ratio of 1.52 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average price of $92.42 and a 200-day moving average price of $92.78. Ingersoll Rand Inc. has a 1-year low of $59.20 and a 1-year high of $101.30.

Ingersoll Rand (NYSE:IR) last issued its earnings results on Wednesday, July 31st. The industrial products company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 13.00% and a net margin of 11.73%. As a group, equities research analysts expect that Ingersoll Rand Inc. will post 3.21 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

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

Insider Buying and Selling at Ingersoll Rand

In other news, insider Vicente Reynal sold 50,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 100,367 shares in the company, valued at $9,284,951.17. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other Ingersoll Rand news, insider Elizabeth Meloy Hepding sold 7,500 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $91.42, for a total transaction of $685,650.00. Following the transaction, the insider now owns 6,559 shares in the company, valued at approximately $599,623.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Vicente Reynal sold 50,000 shares of Ingersoll Rand stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $92.51, for a total transaction of $4,625,500.00. Following the transaction, the insider now owns 100,367 shares of the company’s stock, valued at $9,284,951.17. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, 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 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.