GAMMA Investing LLC Increases Position in Ingersoll Rand Inc. (NYSE:IR)

GAMMA Investing LLC boosted its position in Ingersoll Rand Inc. (NYSE:IR) by 23.3% in the 3rd quarter, Holdings Channel reports. The fund owned 9,005 shares of the industrial products company’s stock after purchasing an additional 1,702 shares during the period. GAMMA Investing LLC’s holdings in Ingersoll Rand were worth $884,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IR. American International Group Inc. increased its stake in Ingersoll Rand by 2.7% in the fourth quarter. American International Group Inc. now owns 109,877 shares of the industrial products company’s stock valued at $8,498,000 after purchasing an additional 2,867 shares during the last quarter. Exencial Wealth Advisors LLC purchased a new position in shares of Ingersoll Rand during the 4th quarter worth about $207,000. Elo Mutual Pension Insurance Co boosted its position in shares of Ingersoll Rand by 4.3% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 35,268 shares of the industrial products company’s stock worth $2,728,000 after acquiring an additional 1,451 shares during the last quarter. State of Tennessee Treasury Department boosted its position in shares of Ingersoll Rand by 64.8% in the fourth quarter. State of Tennessee Treasury Department now owns 388,745 shares of the industrial products company’s stock worth $30,066,000 after acquiring an additional 152,796 shares during the last quarter. Finally, Nomura Holdings Inc. grew its holdings in Ingersoll Rand by 3,010.2% in the fourth quarter. Nomura Holdings Inc. now owns 211,274 shares of the industrial products company’s stock valued at $16,340,000 after purchasing an additional 204,481 shares during the period. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Vicente Reynal sold 50,000 shares of the company’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 sale, the insider now directly owns 100,367 shares of the company’s stock, valued at $9,284,951.17. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Andrew R. Schiesl sold 15,381 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $89.74, for a total value of $1,380,290.94. Following the completion of the sale, the insider now directly owns 39,486 shares of the company’s stock, valued at $3,543,473.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Vicente Reynal sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $92.51, for a total value of $4,625,500.00. Following the transaction, the insider now directly owns 100,367 shares in the company, valued at approximately $9,284,951.17. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 77,510 shares of company stock worth $7,108,005. 0.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Jefferies Financial Group began coverage on shares of Ingersoll Rand in a report on Friday, June 21st. They issued a “buy” rating and a $110.00 price target on the stock. Cfra upped their price target on Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a research note on Friday. Morgan Stanley assumed coverage on Ingersoll Rand in a report on Friday, September 6th. They issued an “equal weight” rating and a $97.00 price objective on the stock. Evercore ISI decreased their target price on Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating for the company in a report on Monday, August 19th. Finally, Stifel Nicolaus raised their price target on shares of Ingersoll Rand from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $102.00.

Ingersoll Rand Price Performance

Shares of IR stock opened at $100.02 on Tuesday. Ingersoll Rand Inc. has a twelve month low of $59.20 and a twelve month high of $101.41. The company has a market capitalization of $40.35 billion, a PE ratio of 49.76, a price-to-earnings-growth ratio of 2.75 and a beta of 1.42. The company has a current ratio of 2.18, a quick ratio of 1.52 and a debt-to-equity ratio of 0.47. The firm has a fifty day simple moving average of $92.42 and a 200-day simple moving average of $92.78.

Ingersoll Rand (NYSE:IR) last announced its 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 company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.78 billion. Equities research analysts anticipate that Ingersoll Rand Inc. will post 3.21 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.08%. The ex-dividend date was Thursday, August 15th. Ingersoll Rand’s payout ratio is 3.98%.

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.