Crossmark Global Holdings Inc. Sells 8,718 Shares of Ingersoll Rand Inc. (NYSE:IR)

Crossmark Global Holdings Inc. reduced its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 27.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,564 shares of the industrial products company’s stock after selling 8,718 shares during the period. Crossmark Global Holdings Inc.’s holdings in Ingersoll Rand were worth $2,140,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Ingersoll Rand

In related news, insider Vicente Reynal sold 198,486 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $88.11, for a total value of $17,488,601.46. Following the sale, the insider now owns 100,367 shares in the company, valued at approximately $8,843,336.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Vicente Reynal sold 198,486 shares of Ingersoll Rand stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $88.11, for a total value of $17,488,601.46. Following the completion of the transaction, the insider now owns 100,367 shares of the company’s stock, valued at approximately $8,843,336.37. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Andrew R. Schiesl sold 15,381 shares of the 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 $3,543,473.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 275,996 shares of company stock valued at $24,596,606. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Barclays decreased their target price on shares of Ingersoll Rand from $106.00 to $101.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Stifel Nicolaus boosted their price objective on shares of Ingersoll Rand from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Cfra reiterated a “hold” rating and set a $85.00 target price on shares of Ingersoll Rand in a report on Friday, August 2nd. Wells Fargo & Company reduced their price target on Ingersoll Rand from $102.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Finally, Jefferies Financial Group initiated coverage on Ingersoll Rand in a report on Friday, June 21st. They issued a “buy” rating and a $110.00 price objective for the company. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.27.

Ingersoll Rand Stock Up 0.7 %

Shares of NYSE IR traded up $0.65 during mid-day trading on Friday, hitting $91.45. 2,153,628 shares of the stock traded hands, compared to its average volume of 2,600,225. The company has a market cap of $36.89 billion, a price-to-earnings ratio of 45.50, a PEG ratio of 2.68 and a beta of 1.45. The stock has a fifty day moving average price of $92.86 and a 200-day moving average price of $92.07. Ingersoll Rand Inc. has a 52 week low of $59.20 and a 52 week high of $101.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.71 and a current ratio of 2.18.

Ingersoll Rand (NYSE:IR) last announced its earnings results on Wednesday, July 31st. The industrial products company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.06. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Ingersoll Rand had a net margin of 11.73% and a return on equity of 13.00%. Research analysts anticipate that Ingersoll Rand Inc. will post 3.17 EPS for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date is Thursday, August 15th. Ingersoll Rand’s dividend payout ratio is 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.