2,615 Shares in Ingersoll Rand Inc. (NYSE:IR) Purchased by Whitaker Myers Wealth Managers LTD.

Whitaker Myers Wealth Managers LTD. bought a new stake in shares of Ingersoll Rand Inc. (NYSE:IR) in the third quarter, Holdings Channel reports. The fund bought 2,615 shares of the industrial products company’s stock, valued at approximately $257,000.

Several other large investors have also recently made changes to their positions in IR. Raymond James & Associates grew its position in Ingersoll Rand by 51.1% during the 3rd quarter. Raymond James & Associates now owns 353,809 shares of the industrial products company’s stock valued at $34,730,000 after purchasing an additional 119,656 shares during the last quarter. Blue Trust Inc. increased its position in shares of Ingersoll Rand by 167.5% during the third quarter. Blue Trust Inc. now owns 2,729 shares of the industrial products company’s stock valued at $248,000 after acquiring an additional 1,709 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in Ingersoll Rand by 16.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 9,740 shares of the industrial products company’s stock worth $956,000 after acquiring an additional 1,380 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Ingersoll Rand by 2.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 65,309 shares of the industrial products company’s stock valued at $6,411,000 after acquiring an additional 1,283 shares in the last quarter. Finally, Drake & Associates LLC boosted its stake in Ingersoll Rand by 9.1% during the 3rd quarter. Drake & Associates LLC now owns 6,394 shares of the industrial products company’s stock valued at $628,000 after purchasing an additional 533 shares during the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Trading Down 0.6 %

Shares of Ingersoll Rand stock opened at $100.40 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.18 and a quick ratio of 1.52. The stock has a market capitalization of $40.50 billion, a PE ratio of 49.95, a P/E/G ratio of 2.72 and a beta of 1.42. Ingersoll Rand Inc. has a 1-year low of $59.20 and a 1-year high of $102.74. The company’s fifty day simple moving average is $94.09 and its 200-day simple moving average is $93.19.

Ingersoll Rand (NYSE:IR) last released its earnings results on Wednesday, July 31st. The industrial products company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.06. The company had revenue of $1.81 billion for 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 analysts anticipate that Ingersoll Rand Inc. will post 3.22 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

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

Insiders Place Their Bets

In other Ingersoll Rand news, insider Kathleen M. Keene sold 4,629 shares of Ingersoll Rand stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $89.99, for a total transaction of $416,563.71. Following the transaction, the insider now owns 3,829 shares of the company’s stock, valued at $344,571.71. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Vicente Reynal sold 50,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $92.51, for a total value of $4,625,500.00. Following the completion of the transaction, the insider now owns 100,367 shares of the company’s stock, valued at approximately $9,284,951.17. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kathleen M. Keene sold 4,629 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $89.99, for a total value of $416,563.71. Following the sale, the insider now directly owns 3,829 shares in the company, valued at approximately $344,571.71. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,510 shares of company stock worth $7,108,005. Company insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Barclays boosted their price target on Ingersoll Rand from $101.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company upped their target price on shares of Ingersoll Rand from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Wolfe Research upgraded shares of Ingersoll Rand to a “hold” rating in a research note on Friday, September 20th. Stifel Nicolaus increased their price objective on shares of Ingersoll Rand from $101.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Evercore ISI cut their target price on shares of 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. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $102.17.

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.