Ingersoll Rand Inc. (NYSE:IR – Get Free Report) insider Andrew R. Schiesl sold 35,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $89.46, for a total transaction of $3,131,100.00. Following the transaction, the insider now directly owns 16,525 shares in the company, valued at $1,478,326.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Ingersoll Rand Trading Up 1.5 %
Shares of IR traded up $1.34 during trading hours on Tuesday, hitting $90.86. The company had a trading volume of 1,784,380 shares, compared to its average volume of 2,655,218. The stock’s 50 day moving average price is $83.53 and its 200 day moving average price is $73.61. The company has a quick ratio of 1.67, a current ratio of 2.22 and a debt-to-equity ratio of 0.27. Ingersoll Rand Inc. has a 52-week low of $51.84 and a 52-week high of $92.44. The firm has a market cap of $36.66 billion, a P/E ratio of 47.11, a P/E/G ratio of 3.25 and a beta of 1.44.
Ingersoll Rand (NYSE:IR – Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The industrial products company reported $0.83 earnings per share 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 analyst estimates of $1.76 billion. On average, research analysts predict that Ingersoll Rand Inc. will post 3.1 EPS for the current year.
Ingersoll Rand Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. Ingersoll Rand’s dividend payout ratio (DPR) is 4.21%.
Analyst Ratings Changes
IR has been the topic of several recent research reports. The Goldman Sachs Group raised their target price on shares of Ingersoll Rand from $87.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Evercore ISI lowered Ingersoll Rand from an “outperform” rating to an “in-line” rating and raised their price objective for the stock from $81.00 to $89.00 in a research note on Tuesday, February 20th. BNP Paribas began coverage on Ingersoll Rand in a research report on Tuesday. They set a “neutral” rating and a $92.00 target price for the company. StockNews.com raised Ingersoll Rand from a “hold” rating to a “buy” rating in a report on Wednesday, March 6th. Finally, UBS Group upped their price objective on shares of Ingersoll Rand from $78.00 to $93.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $82.50.
Institutional Investors Weigh In On Ingersoll Rand
A number of hedge funds have recently added to or reduced their stakes in IR. Vanguard Group Inc. lifted its position in shares of Ingersoll Rand by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 45,384,257 shares of the industrial products company’s stock worth $3,510,018,000 after buying an additional 176,734 shares in the last quarter. Wahed Invest LLC grew its stake in shares of Ingersoll Rand by 4.7% in the 4th quarter. Wahed Invest LLC now owns 6,695 shares of the industrial products company’s stock worth $518,000 after buying an additional 299 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Ingersoll Rand by 2.5% in the 4th quarter. Fisher Asset Management LLC now owns 6,361,549 shares of the industrial products company’s stock worth $492,002,000 after buying an additional 157,665 shares during the last quarter. Creekmur Asset Management LLC bought a new stake in Ingersoll Rand in the fourth quarter worth about $208,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Ingersoll Rand by 17.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,779,883 shares of the industrial products company’s stock valued at $137,656,000 after buying an additional 265,041 shares during the period. 94.54% of the stock is currently owned by hedge funds and other institutional investors.
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.