Sanctuary Advisors LLC Buys New Position in Ingersoll Rand Inc. (NYSE:IR)

Sanctuary Advisors LLC purchased a new position in shares of Ingersoll Rand Inc. (NYSE:IR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,099 shares of the industrial products company’s stock, valued at approximately $1,038,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IR. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Ingersoll Rand by 25.6% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,939,809 shares of the industrial products company’s stock valued at $150,025,000 after acquiring an additional 395,282 shares during the period. V Square Quantitative Management LLC increased its stake in Ingersoll Rand by 31.3% in the fourth quarter. V Square Quantitative Management LLC now owns 7,484 shares of the industrial products company’s stock valued at $579,000 after purchasing an additional 1,782 shares during the period. Scarborough Advisors LLC purchased a new stake in shares of Ingersoll Rand in the fourth quarter valued at about $153,000. Integrated Advisors Network LLC boosted its stake in shares of Ingersoll Rand by 18.2% during the fourth quarter. Integrated Advisors Network LLC now owns 12,680 shares of the industrial products company’s stock worth $981,000 after buying an additional 1,948 shares during the period. Finally, Syon Capital LLC purchased a new position in shares of Ingersoll Rand during the fourth quarter worth about $264,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Insider Transactions at Ingersoll Rand

In related news, insider Kathleen M. Keene sold 4,629 shares of the 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 of the company’s stock, valued at approximately $344,571.71. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Kathleen M. Keene sold 4,629 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $89.99, for a total value of $416,563.71. Following the sale, the insider now owns 3,829 shares of the company’s stock, valued at approximately $344,571.71. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew R. Schiesl sold 15,381 shares of the firm’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 transaction, the insider now directly owns 39,486 shares of the company’s stock, valued at $3,543,473.64. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,510 shares of company stock valued at $7,108,005 in the last 90 days. 0.68% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

IR has been the subject of several analyst reports. Evercore ISI reduced their price objective on Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating for the company in a research note on Monday, August 19th. Jefferies Financial Group started coverage on Ingersoll Rand in a report on Friday, June 21st. They set a “buy” rating and a $110.00 price target for the company. Wolfe Research raised shares of Ingersoll Rand to a “hold” rating in a research note on Friday, September 20th. Stifel Nicolaus upped their price objective on shares of Ingersoll Rand from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, Wells Fargo & Company lifted their target price on shares of Ingersoll Rand from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $102.00.

Ingersoll Rand Trading Up 2.2 %

Shares of IR opened at $100.76 on Friday. Ingersoll Rand Inc. has a twelve month low of $59.20 and a twelve month high of $101.41. The company has a current ratio of 2.18, a quick ratio of 1.52 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $40.65 billion, a P/E ratio of 49.88, a PEG ratio of 2.72 and a beta of 1.42. The firm’s 50-day moving average is $92.57 and its two-hundred day moving average is $92.92.

Ingersoll Rand (NYSE:IR) last released its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.06. Ingersoll Rand had a return on equity of 13.00% and a net margin of 11.73%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.78 billion. On average, research analysts predict that Ingersoll Rand Inc. will post 3.22 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.08%. The ex-dividend date was Thursday, August 15th. Ingersoll Rand’s dividend payout ratio is currently 3.96%.

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.