Ingersoll Rand Inc. (NYSE:IR) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its stake in Ingersoll Rand Inc. (NYSE:IR) by 13.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,112 shares of the industrial products company’s stock after purchasing an additional 623 shares during the period. Sequoia Financial Advisors LLC’s holdings in Ingersoll Rand were worth $502,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in IR. Ridgewood Investments LLC purchased a new stake in shares of Ingersoll Rand during the 2nd quarter valued at about $25,000. Headlands Technologies LLC acquired a new stake in Ingersoll Rand in the first quarter valued at approximately $28,000. ESL Trust Services LLC purchased a new stake in shares of Ingersoll Rand during the first quarter valued at approximately $35,000. EverSource Wealth Advisors LLC lifted its position in shares of Ingersoll Rand by 38.5% during the first quarter. EverSource Wealth Advisors LLC now owns 453 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 126 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Ingersoll Rand by 196.8% in the second quarter. UMB Bank n.a. now owns 466 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 309 shares during the period. 95.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IR has been the topic of several analyst reports. Morgan Stanley began coverage on shares of Ingersoll Rand in a research note on Friday, September 6th. They set an “equal weight” rating and a $97.00 price target on the stock. Wolfe Research upgraded Ingersoll Rand to a “hold” rating in a research note on Friday, September 20th. Wells Fargo & Company raised their price objective on Ingersoll Rand from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Barclays upped their target price on Ingersoll Rand from $101.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Stifel Nicolaus lifted their price target on shares of Ingersoll Rand from $101.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $102.17.

Ingersoll Rand Trading Up 0.2 %

Ingersoll Rand stock opened at $96.12 on Monday. Ingersoll Rand Inc. has a 1 year low of $59.20 and a 1 year high of $102.74. The firm’s 50-day moving average is $94.78 and its 200-day moving average is $93.33. 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 company has a market cap of $38.78 billion, a P/E ratio of 47.58, a PEG ratio of 2.69 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 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts expect that Ingersoll Rand Inc. will post 3.21 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.08%. Ingersoll Rand’s dividend payout ratio is currently 3.96%.

Insider Buying and Selling

In other news, insider Vicente Reynal sold 50,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $92.51, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Elizabeth Meloy Hepding sold 7,500 shares of the firm’s stock in a transaction that occurred 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 directly owns 6,559 shares in the company, valued at $599,623.78. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vicente Reynal sold 50,000 shares of Ingersoll Rand 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 sale, the insider now directly owns 100,367 shares in the company, valued at $9,284,951.17. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 77,510 shares of company stock worth $7,108,005 in the last three months. 0.68% of the stock is owned by insiders.

Ingersoll Rand 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.