Integrated Investment Consultants LLC Takes $290,000 Position in Ingersoll Rand Inc. (NYSE:IR)

Integrated Investment Consultants LLC bought a new position in shares of Ingersoll Rand Inc. (NYSE:IRFree Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 3,750 shares of the industrial products company’s stock, valued at approximately $290,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Consilium Wealth Advisory LLC boosted its position in shares of Ingersoll Rand by 17.5% during the 4th quarter. Consilium Wealth Advisory LLC now owns 14,864 shares of the industrial products company’s stock valued at $1,150,000 after purchasing an additional 2,210 shares in the last quarter. Natixis Advisors L.P. boosted its holdings in Ingersoll Rand by 8.6% during the third quarter. Natixis Advisors L.P. now owns 136,629 shares of the industrial products company’s stock worth $8,706,000 after buying an additional 10,840 shares in the last quarter. UniSuper Management Pty Ltd acquired a new position in Ingersoll Rand in the second quarter worth approximately $23,422,000. Hsbc Holdings PLC increased its holdings in shares of Ingersoll Rand by 2.3% in the third quarter. Hsbc Holdings PLC now owns 568,633 shares of the industrial products company’s stock valued at $36,222,000 after buying an additional 13,036 shares in the last quarter. Finally, Strategic Advisors LLC acquired a new stake in shares of Ingersoll Rand during the 4th quarter valued at $340,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Price Performance

Shares of NYSE:IR traded up $0.90 during midday trading on Wednesday, reaching $93.45. The company’s stock had a trading volume of 146,808 shares, compared to its average volume of 2,517,099. The business’s fifty day simple moving average is $88.40 and its 200-day simple moving average is $76.17. The company has a market capitalization of $37.70 billion, a P/E ratio of 48.71, a P/E/G ratio of 3.36 and a beta of 1.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.67. Ingersoll Rand Inc. has a fifty-two week low of $53.24 and a fifty-two week high of $96.17.

Ingersoll Rand (NYSE:IRGet Free Report) last posted its quarterly earnings data on Thursday, February 15th. The industrial products company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.09. Ingersoll Rand had a net margin of 11.32% and a return on equity of 12.24%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.76 billion. As a group, equities research analysts expect that Ingersoll Rand Inc. will post 3.1 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.09%. The ex-dividend date was Wednesday, March 6th. Ingersoll Rand’s dividend payout ratio is 4.21%.

Insider Buying and Selling at Ingersoll Rand

In related news, CAO Michael J. Scheske sold 7,590 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $88.00, for a total value of $667,920.00. Following the transaction, the chief accounting officer now directly owns 9,715 shares in the company, valued at $854,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Ingersoll Rand news, CAO Michael J. Scheske sold 7,590 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $88.00, for a total transaction of $667,920.00. Following the sale, the chief accounting officer now directly owns 9,715 shares in the company, valued at approximately $854,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vicente Reynal sold 240,000 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $90.16, for a total value of $21,638,400.00. Following the transaction, the insider now owns 91,957 shares of the company’s stock, valued at approximately $8,290,843.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 293,011 shares of company stock worth $26,374,789. Insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

IR has been the topic of a number of recent analyst reports. Barclays boosted their target price on Ingersoll Rand from $101.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday. BNP Paribas initiated coverage on Ingersoll Rand in a report on Tuesday, March 12th. They set a “neutral” rating and a $92.00 price objective on the stock. Cfra raised their target price on shares of Ingersoll Rand from $68.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, February 16th. UBS Group boosted their price target on shares of Ingersoll Rand from $78.00 to $93.00 and gave the company a “buy” rating in a report on Monday, January 29th. Finally, StockNews.com lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Saturday. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.50.

Read Our Latest Research Report on IR

About Ingersoll Rand

(Free Report)

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.

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Institutional Ownership by Quarter for Ingersoll Rand (NYSE:IR)

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