Northwestern Mutual Wealth Management Co. Grows Position in Ingersoll Rand Inc. (NYSE:IR)

Northwestern Mutual Wealth Management Co. grew its position in Ingersoll Rand Inc. (NYSE:IR) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,871 shares of the industrial products company’s stock after purchasing an additional 382 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Ingersoll Rand were worth $1,533,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Ingersoll Rand by 24.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 494,450 shares of the industrial products company’s stock valued at $46,948,000 after buying an additional 96,982 shares during the last quarter. Nomura Holdings Inc. lifted its holdings in Ingersoll Rand by 3,010.2% during the fourth quarter. Nomura Holdings Inc. now owns 211,274 shares of the industrial products company’s stock worth $16,340,000 after acquiring an additional 204,481 shares during the period. Azzad Asset Management Inc. ADV purchased a new position in Ingersoll Rand in the first quarter worth $1,221,000. Swedbank AB grew its stake in Ingersoll Rand by 34.0% in the 2nd quarter. Swedbank AB now owns 780,712 shares of the industrial products company’s stock valued at $70,920,000 after purchasing an additional 198,200 shares during the period. Finally, Inspire Investing LLC bought a new position in Ingersoll Rand in the 1st quarter valued at $889,000. 95.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

IR has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on shares of Ingersoll Rand from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Wolfe Research raised shares of Ingersoll Rand to a “hold” rating in a research report on Friday, September 20th. Barclays lifted their price target on shares of Ingersoll Rand from $101.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday. Jefferies Financial Group began coverage on Ingersoll Rand in a research report on Friday, June 21st. They issued a “buy” rating and a $110.00 target price for the company. Finally, Robert W. Baird upped their price target on Ingersoll Rand from $109.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Ingersoll Rand presently has a consensus rating of “Moderate Buy” and an average price target of $101.17.

Ingersoll Rand Stock Performance

NYSE:IR opened at $101.13 on Friday. Ingersoll Rand Inc. has a 52-week low of $59.20 and a 52-week high of $101.30. The business’s fifty day moving average is $92.42 and its 200 day moving average is $92.78. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.52 and a current ratio of 2.18. The firm has a market cap of $40.80 billion, a price-to-earnings ratio of 50.31, a PEG ratio of 2.75 and a beta of 1.42.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.06. Ingersoll Rand had a return on equity of 13.00% and a net margin of 11.73%. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Research analysts predict that Ingersoll Rand Inc. will post 3.21 EPS for the current year.

Ingersoll Rand Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, August 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 currently 3.98%.

Insider Transactions at Ingersoll Rand

In related news, insider Kathleen M. Keene sold 4,629 shares of Ingersoll Rand stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $89.99, for a total transaction of $416,563.71. Following the completion of the sale, the insider now owns 3,829 shares of the company’s stock, valued at approximately $344,571.71. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Elizabeth Meloy Hepding sold 7,500 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $91.42, for a total value of $685,650.00. Following the transaction, the insider now owns 6,559 shares of the company’s stock, valued at $599,623.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kathleen M. Keene sold 4,629 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $89.99, for a total value of $416,563.71. Following the transaction, the insider now owns 3,829 shares in the company, valued at $344,571.71. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,510 shares of company stock valued at $7,108,005. 0.68% of the stock is currently owned by company insiders.

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.