Ingersoll Rand Inc. (NYSE:IR) Shares Acquired by Signaturefd LLC

Signaturefd LLC increased its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 4.0% in the 1st quarter, HoldingsChannel reports. The firm owned 10,897 shares of the industrial products company’s stock after purchasing an additional 424 shares during the period. Signaturefd LLC’s holdings in Ingersoll Rand were worth $1,035,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Alps Advisors Inc. acquired a new stake in Ingersoll Rand in the third quarter valued at approximately $313,000. Integrated Advisors Network LLC boosted its position in shares of Ingersoll Rand by 19.5% during the 3rd quarter. Integrated Advisors Network LLC now owns 10,732 shares of the industrial products company’s stock worth $684,000 after acquiring an additional 1,751 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of Ingersoll Rand by 12.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 43,388 shares of the industrial products company’s stock worth $2,765,000 after acquiring an additional 4,723 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Ingersoll Rand in the 3rd quarter valued at $615,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Ingersoll Rand during the 3rd quarter worth $201,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Insider Buying and Selling at Ingersoll Rand

In related news, insider Andrew R. Schiesl sold 22,369 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $92.17, for a total transaction of $2,061,750.73. Following the transaction, the insider now directly owns 30,846 shares in the company, valued at $2,843,075.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Ingersoll Rand news, insider Andrew R. Schiesl sold 22,369 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $92.17, for a total transaction of $2,061,750.73. Following the completion of the sale, the insider now directly owns 30,846 shares in the company, valued at $2,843,075.82. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Vicente Reynal sold 198,486 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $88.11, for a total transaction of $17,488,601.46. Following the completion of the sale, the insider now directly owns 100,367 shares of the company’s stock, valued at approximately $8,843,336.37. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.

Ingersoll Rand Price Performance

Shares of NYSE:IR opened at $95.50 on Friday. The firm has a market capitalization of $38.53 billion, a price-to-earnings ratio of 47.51, a price-to-earnings-growth ratio of 2.75 and a beta of 1.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.32 and a quick ratio of 1.71. The business’s 50 day simple moving average is $91.95 and its 200-day simple moving average is $88.56. Ingersoll Rand Inc. has a 12 month low of $59.20 and a 12 month high of $97.00.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Thursday, May 2nd. The industrial products company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.70 billion. Ingersoll Rand had a return on equity of 12.57% and a net margin of 11.85%. As a group, equities analysts forecast that Ingersoll Rand Inc. will post 3.19 earnings per share for the current fiscal year.

Ingersoll Rand declared that its board has initiated a share buyback program on Thursday, April 25th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to repurchase up to 2.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th were issued a $0.02 dividend. The ex-dividend date was Wednesday, May 15th. 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 3.98%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IR. Jefferies Financial Group began coverage on Ingersoll Rand in a report on Friday, June 21st. They set a “buy” rating and a $110.00 price objective on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $102.00 price objective on shares of Ingersoll Rand in a report on Tuesday, March 26th. Citigroup upped their price target on shares of Ingersoll Rand from $105.00 to $112.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Barclays boosted their price target on Ingersoll Rand from $104.00 to $106.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Robert W. Baird upped their price objective on shares of Ingersoll Rand from $107.00 to $109.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $97.50.

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.