Ingersoll Rand Inc. (NYSE:IR) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in Ingersoll Rand Inc. (NYSE:IR) by 23.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,005 shares of the industrial products company’s stock after purchasing an additional 1,702 shares during the period. GAMMA Investing LLC’s holdings in Ingersoll Rand were worth $884,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in IR. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Ingersoll Rand by 24.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 494,450 shares of the industrial products company’s stock worth $46,948,000 after acquiring an additional 96,982 shares during the period. Nomura Holdings Inc. boosted its stake in shares of Ingersoll Rand by 3,010.2% in the 4th quarter. Nomura Holdings Inc. now owns 211,274 shares of the industrial products company’s stock valued at $16,340,000 after buying an additional 204,481 shares during the period. Azzad Asset Management Inc. ADV purchased a new position in Ingersoll Rand in the first quarter worth approximately $1,221,000. Swedbank AB increased its position in shares of Ingersoll Rand by 34.0% in the 2nd quarter. Swedbank AB now owns 780,712 shares of the industrial products company’s stock valued at $70,920,000 after purchasing an additional 198,200 shares during the last quarter. Finally, Inspire Investing LLC acquired a new stake in shares of Ingersoll Rand in the 1st quarter valued at $889,000. 95.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, 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 value of $1,380,290.94. Following the sale, the insider now owns 39,486 shares of the company’s stock, valued at approximately $3,543,473.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Ingersoll Rand news, insider Andrew R. Schiesl sold 15,381 shares of the stock in a transaction on Thursday, August 8th. The stock was 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 owns 39,486 shares in the company, valued at approximately $3,543,473.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Vicente Reynal sold 50,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $92.51, for a total transaction of $4,625,500.00. Following the sale, the insider now owns 100,367 shares in the company, valued at $9,284,951.17. The trade was a 0.00 % decrease in their ownership of the stock. 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 over the last ninety days. 0.68% of the stock is currently owned by company insiders.

Ingersoll Rand Price Performance

Shares of NYSE:IR opened at $100.02 on Tuesday. The stock has a market capitalization of $40.35 billion, a price-to-earnings ratio of 49.76, a PEG ratio of 2.75 and a beta of 1.42. Ingersoll Rand Inc. has a one year low of $59.20 and a one year high of $101.41. The company has a 50-day simple moving average of $92.42 and a 200-day simple moving average of $92.78. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.52 and a current ratio of 2.18.

Ingersoll Rand (NYSE:IR) last released its earnings results on Wednesday, July 31st. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.06. Ingersoll Rand had a return on equity of 13.00% and a net margin of 11.73%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.78 billion. On average, analysts predict that Ingersoll Rand Inc. will post 3.21 EPS for the current year.

Ingersoll Rand Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on IR shares. Cfra increased their target price on Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a report on Friday. Wolfe Research upgraded Ingersoll Rand to a “hold” rating in a report on Friday, September 20th. Jefferies Financial Group started coverage on Ingersoll Rand in a research note on Friday, June 21st. They set a “buy” rating and a $110.00 target price for the company. Wells Fargo & Company raised their price objective on shares of Ingersoll Rand from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Robert W. Baird increased their target price on shares of Ingersoll Rand from $109.00 to $115.00 and gave the company an “outperform” rating in a research 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.00.

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.