B. Riley Wealth Advisors Inc. Has $328,000 Stake in Ingersoll Rand Inc. (NYSE:IR)

B. Riley Wealth Advisors Inc. lifted its holdings in Ingersoll Rand Inc. (NYSE:IR) by 15.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,606 shares of the industrial products company’s stock after acquiring an additional 494 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Ingersoll Rand were worth $328,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Ridgewood Investments LLC bought a new position in shares of Ingersoll Rand in the second quarter worth about $25,000. Kapitalo Investimentos Ltda bought a new position in Ingersoll Rand in the 4th quarter worth approximately $28,000. Headlands Technologies LLC bought a new position in Ingersoll Rand in the 1st quarter valued at $28,000. Riverview Trust Co bought a new position in Ingersoll Rand in the 1st quarter valued at $29,000. Finally, Scarborough Advisors LLC bought a new stake in shares of Ingersoll Rand during the fourth quarter worth $32,000. 95.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Vicente Reynal sold 50,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $92.51, for a total value of $4,625,500.00. Following the completion of the transaction, the insider now owns 100,367 shares of the company’s stock, valued at approximately $9,284,951.17. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Kathleen M. Keene sold 4,629 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $89.99, for a total value of $416,563.71. Following the completion of the transaction, the insider now directly 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 can be accessed through the SEC website. Also, insider Vicente Reynal sold 50,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $92.51, for a total transaction of $4,625,500.00. Following the sale, the insider now directly owns 100,367 shares in the company, valued at $9,284,951.17. 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 three months, insiders sold 77,510 shares of company stock worth $7,108,005. 0.68% of the stock is owned by corporate insiders.

Analyst Ratings Changes

IR has been the topic of several recent research reports. Evercore ISI decreased their price target on Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating on the stock in a report on Monday, August 19th. 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 research note on Thursday, July 18th. Wolfe Research raised shares of Ingersoll Rand to a “hold” rating in a research note on Friday, September 20th. Wells Fargo & Company upped their target price on shares of Ingersoll Rand from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Morgan Stanley started coverage on Ingersoll Rand in a research report on Friday, September 6th. They issued an “equal weight” rating and a $97.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $102.00.

Ingersoll Rand Price Performance

NYSE IR opened at $100.02 on Tuesday. 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 stock has a market cap of $40.35 billion, a price-to-earnings ratio of 49.76, a PEG ratio of 2.75 and a beta of 1.42. The business has a 50 day simple moving average of $92.42 and a 200 day simple moving average of $92.78. Ingersoll Rand Inc. has a 52-week low of $59.20 and a 52-week high of $101.41.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.06. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.78 billion. Ingersoll Rand had a net margin of 11.73% and a return on equity of 13.00%. Analysts anticipate that Ingersoll Rand Inc. will post 3.21 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.08%. Ingersoll Rand’s dividend payout ratio is currently 3.98%.

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.