Ingersoll Rand Inc. (NYSE:IR) Stock Holdings Lifted by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC raised its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 10.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,016 shares of the industrial products company’s stock after purchasing an additional 1,364 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Ingersoll Rand were worth $1,084,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. CWM LLC lifted its position in shares of Ingersoll Rand by 5.1% in the third quarter. CWM LLC now owns 10,188 shares of the industrial products company’s stock worth $649,000 after buying an additional 498 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of 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 purchasing an additional 191 shares during the period. HB Wealth Management LLC acquired a new stake in shares of Ingersoll Rand in the third quarter worth $219,000. DAVENPORT & Co LLC boosted its holdings in shares of Ingersoll Rand by 4.5% during the 3rd quarter. DAVENPORT & Co LLC now owns 15,214 shares of the industrial products company’s stock worth $969,000 after buying an additional 658 shares during the period. Finally, CreativeOne Wealth LLC acquired a new position in Ingersoll Rand in the 3rd quarter valued at $308,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on IR. Stifel Nicolaus restated a “buy” rating and set a $102.00 price target on shares of Ingersoll Rand in a report on Tuesday, March 26th. StockNews.com raised Ingersoll Rand from a “hold” rating to a “buy” rating in a research report on Sunday, April 7th. Barclays increased their price objective on Ingersoll Rand from $101.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Citigroup upped their price target on Ingersoll Rand from $105.00 to $112.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, UBS Group upped their target price on shares of Ingersoll Rand from $78.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and an average price target of $92.73.

Ingersoll Rand Stock Performance

Ingersoll Rand stock opened at $92.50 on Thursday. The company has a market cap of $37.32 billion, a PE ratio of 48.68, a PEG ratio of 3.16 and a beta of 1.44. 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 Inc. has a 1 year low of $53.24 and a 1 year high of $96.17. The company’s 50-day moving average is $91.54 and its two-hundred day moving average is $79.36.

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

Ingersoll Rand Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were given a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. Ingersoll Rand’s dividend payout ratio is currently 4.21%.

Insider Activity at Ingersoll Rand

In other Ingersoll Rand news, insider Vicente Reynal sold 240,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $90.16, for a total transaction of $21,638,400.00. Following the transaction, the insider now owns 91,957 shares in the company, valued at $8,290,843.12. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Andrew R. Schiesl sold 10,421 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were 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 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 available through this link. Also, insider Vicente Reynal sold 240,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $90.16, for a total value of $21,638,400.00. Following the sale, the insider now directly owns 91,957 shares in the company, valued at approximately $8,290,843.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 293,011 shares of company stock worth $26,374,789. 0.83% of the stock is owned by insiders.

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.