HBW Advisory Services LLC Sells 1,199 Shares of Ingersoll Rand Inc. (NYSE:IR)

HBW Advisory Services LLC lowered its position in shares of Ingersoll Rand Inc. (NYSE:IRFree Report) by 28.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,957 shares of the industrial products company’s stock after selling 1,199 shares during the quarter. HBW Advisory Services LLC’s holdings in Ingersoll Rand were worth $229,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of IR. CVA Family Office LLC bought a new position in Ingersoll Rand during the fourth quarter worth $71,000. Raymond James & Associates boosted its position in shares of Ingersoll Rand by 55.3% during the 4th quarter. Raymond James & Associates now owns 184,394 shares of the industrial products company’s stock worth $14,261,000 after purchasing an additional 65,632 shares in the last quarter. Compagnie Lombard Odier SCmA increased its position in Ingersoll Rand by 29.3% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 86,791 shares of the industrial products company’s stock valued at $6,712,000 after buying an additional 19,658 shares in the last quarter. HB Wealth Management LLC raised its stake in Ingersoll Rand by 10.5% during the 4th quarter. HB Wealth Management LLC now owns 3,801 shares of the industrial products company’s stock worth $294,000 after buying an additional 360 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Ingersoll Rand by 211.2% in the fourth quarter. SG Americas Securities LLC now owns 26,544 shares of the industrial products company’s stock worth $2,053,000 after acquiring an additional 18,014 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IR has been the topic of a number of research reports. BNP Paribas assumed coverage on Ingersoll Rand in a research report on Tuesday, March 12th. They set a “neutral” rating and a $92.00 target price on the stock. Cfra upped their price objective on shares of Ingersoll Rand from $68.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, February 16th. UBS Group lifted their price objective on shares of Ingersoll Rand from $78.00 to $93.00 and gave the company a “buy” rating in a report on Monday, January 29th. StockNews.com lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a report on Friday. Finally, Wells Fargo & Company lifted their price target on Ingersoll Rand from $83.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $82.50.

Get Our Latest Research Report on Ingersoll Rand

Ingersoll Rand Stock Down 0.3 %

IR stock opened at $94.48 on Tuesday. Ingersoll Rand Inc. has a 1-year low of $53.24 and a 1-year high of $96.17. The stock has a market cap of $38.12 billion, a P/E ratio of 49.73, a P/E/G ratio of 3.40 and a beta of 1.44. The stock’s fifty day simple moving average is $86.43 and its two-hundred day simple moving average is $75.04. The company has a current ratio of 2.22, a quick ratio of 1.67 and a debt-to-equity ratio of 0.27.

Ingersoll Rand (NYSE:IRGet Free Report) last posted its quarterly earnings results on Thursday, February 15th. The industrial products company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.09. Ingersoll Rand had a net margin of 11.32% and a return on equity of 12.24%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.76 billion. Analysts expect that Ingersoll Rand Inc. will post 3.1 EPS for the current year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 7th will be issued a $0.02 dividend. The ex-dividend date is Wednesday, March 6th. 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 4.21%.

Insider Activity at Ingersoll Rand

In other Ingersoll Rand news, insider Andrew R. Schiesl sold 10,421 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $89.95, for a total value of $937,368.95. Following the completion of the sale, the insider now directly owns 48,904 shares of the company’s stock, valued at $4,398,914.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Michael J. Scheske sold 7,590 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $88.00, for a total transaction of $667,920.00. Following the sale, the chief accounting officer now directly owns 9,715 shares in the company, valued at approximately $854,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrew R. Schiesl sold 10,421 shares of Ingersoll Rand stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $89.95, for a total transaction of $937,368.95. Following the completion of the transaction, the insider now owns 48,904 shares of the company’s stock, valued at $4,398,914.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 293,011 shares of company stock worth $26,374,789. Insiders own 0.83% of the company’s stock.

Ingersoll Rand Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ingersoll Rand (NYSE:IR)

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