HB Wealth Management LLC Acquires 360 Shares of Ingersoll Rand Inc. (NYSE:IR)

HB Wealth Management LLC boosted its holdings in Ingersoll Rand Inc. (NYSE:IR) by 10.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,801 shares of the industrial products company’s stock after acquiring an additional 360 shares during the period. HB Wealth Management LLC’s holdings in Ingersoll Rand were worth $294,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Horizon Investments LLC grew its holdings in shares of Ingersoll Rand by 2.7% during the 2nd quarter. Horizon Investments LLC now owns 5,837 shares of the industrial products company’s stock worth $382,000 after purchasing an additional 152 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of Ingersoll Rand by 17.9% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,137 shares of the industrial products company’s stock worth $88,000 after purchasing an additional 173 shares in the last quarter. Global Retirement Partners LLC boosted its stake in Ingersoll Rand by 11.9% in the third quarter. Global Retirement Partners LLC now owns 1,800 shares of the industrial products company’s stock valued at $114,000 after buying an additional 191 shares in the last quarter. LifePro Asset Management boosted its stake in Ingersoll Rand by 1.6% in the third quarter. LifePro Asset Management now owns 12,206 shares of the industrial products company’s stock valued at $778,000 after buying an additional 192 shares in the last quarter. Finally, Catalyst Financial Partners LLC boosted its stake in Ingersoll Rand by 3.3% in the third quarter. Catalyst Financial Partners LLC now owns 6,021 shares of the industrial products company’s stock valued at $384,000 after buying an additional 194 shares in the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Price Performance

Shares of IR opened at $94.95 on Friday. The company has a market capitalization of $38.31 billion, a price-to-earnings ratio of 49.97, a price-to-earnings-growth ratio of 3.39 and a beta of 1.44. The business has a 50-day moving average of $87.46 and a 200-day moving average of $75.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.67. Ingersoll Rand Inc. has a 1 year low of $53.24 and a 1 year high of $96.17.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Thursday, February 15th. The industrial products company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.09. Ingersoll Rand had a return on equity of 12.24% and a net margin of 11.32%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.76 billion. As a group, equities research analysts anticipate that Ingersoll Rand Inc. will post 3.1 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.08 dividend on an annualized basis and a yield of 0.08%. Ingersoll Rand’s dividend payout ratio (DPR) is currently 4.21%.

Insider Buying and Selling at Ingersoll Rand

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on IR shares. StockNews.com lowered Ingersoll Rand from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Citigroup raised their price objective on Ingersoll Rand from $79.00 to $86.00 and gave the company a “buy” rating in a research note on Monday, December 11th. BNP Paribas assumed coverage on Ingersoll Rand in a research note on Tuesday, March 12th. They issued a “neutral” rating and a $92.00 price objective on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $102.00 target price on shares of Ingersoll Rand in a research report on Tuesday. Finally, Evercore ISI downgraded Ingersoll Rand from an “outperform” rating to an “in-line” rating and increased their target price for the company from $81.00 to $89.00 in a research report on Tuesday, February 20th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.92.

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.