Axa S.A. Purchases 39,417 Shares of Ingersoll Rand Inc. (NYSE:IR)

Axa S.A. increased its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 81.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 87,829 shares of the industrial products company’s stock after acquiring an additional 39,417 shares during the period. Axa S.A.’s holdings in Ingersoll Rand were worth $7,978,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC boosted its holdings in Ingersoll Rand by 8.6% in the fourth quarter. Parallel Advisors LLC now owns 2,552 shares of the industrial products company’s stock worth $197,000 after acquiring an additional 203 shares in the last quarter. TFO Wealth Partners LLC increased its stake in Ingersoll Rand by 44,877.8% during the 4th quarter. TFO Wealth Partners LLC now owns 4,048 shares of the industrial products company’s stock valued at $313,000 after purchasing an additional 4,039 shares in the last quarter. Bank of Nova Scotia raised its holdings in shares of Ingersoll Rand by 33.4% in the fourth quarter. Bank of Nova Scotia now owns 50,087 shares of the industrial products company’s stock worth $3,874,000 after buying an additional 12,550 shares during the last quarter. Eagle Asset Management Inc. raised its stake in shares of Ingersoll Rand by 3.2% in the fourth quarter. Eagle Asset Management Inc. now owns 28,044 shares of the industrial products company’s stock worth $2,169,000 after purchasing an additional 864 shares during the last quarter. Finally, Varenne Capital Partners purchased a new stake in Ingersoll Rand in the fourth quarter valued at approximately $1,693,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on IR shares. Jefferies Financial Group began coverage on shares of Ingersoll Rand in a research note on Friday, June 21st. They set a “buy” rating and a $110.00 price objective for the company. Wells Fargo & Company lowered their price target 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. Stifel Nicolaus lifted their price objective on Ingersoll Rand from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Barclays lowered their target price on Ingersoll Rand from $106.00 to $101.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Finally, Evercore ISI dropped their target price on Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating on the stock in a research report on Monday, August 19th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $100.00.

Insiders Place Their Bets

In related news, insider Vicente Reynal sold 50,000 shares of the company’s 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 of the company’s stock, valued at $9,284,951.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Elizabeth Meloy Hepding sold 7,500 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $91.42, for a total value of $685,650.00. Following the sale, the insider now owns 6,559 shares in the company, valued at approximately $599,623.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Vicente Reynal sold 50,000 shares of the firm’s 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 transaction, the insider now owns 100,367 shares of the company’s stock, valued at $9,284,951.17. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,510 shares of company stock valued at $7,108,005. Insiders own 0.68% of the company’s stock.

Ingersoll Rand Stock Up 1.7 %

Shares of IR opened at $98.08 on Friday. The stock has a 50 day moving average price of $92.33 and a 200 day moving average price of $92.48. Ingersoll Rand Inc. has a one year low of $59.20 and a one year high of $101.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.52 and a current ratio of 2.18. The stock has a market capitalization of $39.57 billion, a price-to-earnings ratio of 48.80, a PEG ratio of 2.75 and a beta of 1.42.

Ingersoll Rand (NYSE:IR) last issued 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. Ingersoll Rand had a net margin of 11.73% and a return on equity of 13.00%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Equities research analysts forecast that Ingersoll Rand Inc. will post 3.21 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 15th were given 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 yield of 0.08%. Ingersoll Rand’s 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.