Aptus Capital Advisors LLC Buys 311 Shares of Ingersoll Rand Inc. (NYSE:IR)

Aptus Capital Advisors LLC lifted its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 14.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,451 shares of the industrial products company’s stock after acquiring an additional 311 shares during the period. Aptus Capital Advisors LLC’s holdings in Ingersoll Rand were worth $223,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. nVerses Capital LLC acquired a new position in Ingersoll Rand in the 2nd quarter worth $309,000. Weatherly Asset Management L. P. lifted its holdings in shares of Ingersoll Rand by 1.4% in the second quarter. Weatherly Asset Management L. P. now owns 11,646 shares of the industrial products company’s stock valued at $1,058,000 after purchasing an additional 156 shares in the last quarter. Banque Cantonale Vaudoise boosted its position in shares of Ingersoll Rand by 760.4% during the second quarter. Banque Cantonale Vaudoise now owns 25,967 shares of the industrial products company’s stock worth $2,359,000 after buying an additional 22,949 shares during the period. Concurrent Investment Advisors LLC bought a new position in shares of Ingersoll Rand during the second quarter worth about $224,000. Finally, Rothschild Investment LLC acquired a new stake in Ingersoll Rand in the 2nd quarter valued at approximately $43,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Stock Down 1.2 %

IR opened at $87.26 on Thursday. The stock’s fifty day simple moving average is $92.72 and its 200 day simple moving average is $92.18. Ingersoll Rand Inc. has a 1-year low of $59.20 and a 1-year high of $101.30. The stock has a market cap of $35.20 billion, a PE ratio of 43.41, a price-to-earnings-growth ratio of 2.58 and a beta of 1.45. The company has a current ratio of 2.18, a quick ratio of 1.52 and a debt-to-equity ratio of 0.47.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data 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 analyst estimates of $1.78 billion. Ingersoll Rand had a net margin of 11.73% and a return on equity of 13.00%. As a group, research analysts expect that Ingersoll Rand Inc. will post 3.21 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. The ex-dividend date of this dividend is Thursday, August 15th. Ingersoll Rand’s payout ratio is 3.98%.

Wall Street Analyst Weigh In

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

Insider Transactions at Ingersoll Rand

In related news, insider Andrew R. Schiesl sold 15,381 shares of the business’s 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 sale, the insider now directly owns 39,486 shares in the company, valued at approximately $3,543,473.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ingersoll Rand news, 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 value of $4,625,500.00. Following the completion of the sale, the insider now owns 100,367 shares in the company, valued at approximately $9,284,951.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew R. Schiesl sold 15,381 shares of the business’s 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 completion of the sale, the insider now directly owns 39,486 shares of the company’s stock, valued at approximately $3,543,473.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,510 shares of company stock worth $7,108,005. Company 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.