Ingersoll Rand Inc. (NYSE:IR) Position Boosted by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its position in Ingersoll Rand Inc. (NYSE:IR) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,449 shares of the industrial products company’s stock after buying an additional 196 shares during the quarter. Apollon Wealth Management LLC’s holdings in Ingersoll Rand were worth $535,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealthspire Advisors LLC boosted its holdings in shares of Ingersoll Rand by 5.5% in the 2nd quarter. Wealthspire Advisors LLC now owns 2,268 shares of the industrial products company’s stock valued at $206,000 after buying an additional 119 shares during the period. Kanawha Capital Management LLC grew its holdings in shares of Ingersoll Rand by 2.4% during the third quarter. Kanawha Capital Management LLC now owns 5,096 shares of the industrial products company’s stock valued at $500,000 after purchasing an additional 119 shares during the last quarter. Opal Wealth Advisors LLC lifted its holdings in shares of Ingersoll Rand by 6.0% in the 3rd quarter. Opal Wealth Advisors LLC now owns 2,145 shares of the industrial products company’s stock worth $211,000 after purchasing an additional 121 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Ingersoll Rand by 38.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 453 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 126 shares during the last quarter. Finally, Resonant Capital Advisors LLC grew its stake in Ingersoll Rand by 4.2% during the 2nd quarter. Resonant Capital Advisors LLC now owns 3,300 shares of the industrial products company’s stock worth $300,000 after buying an additional 133 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Insider Activity

In related news, insider Kathleen M. Keene sold 4,629 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 3,829 shares in the company, valued at approximately $344,571.71. This represents a 54.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Michael J. Scheske sold 2,531 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total transaction of $246,620.64. Following the sale, the chief accounting officer now directly owns 11,910 shares in the company, valued at approximately $1,160,510.40. This trade represents a 17.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,660 shares of company stock worth $1,348,834. Insiders own 0.68% of the company’s stock.

Ingersoll Rand Stock Performance

NYSE:IR opened at $102.43 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $97.83 and a 200-day moving average of $94.23. Ingersoll Rand Inc. has a twelve month low of $69.46 and a twelve month high of $105.63. The firm has a market cap of $41.28 billion, a price-to-earnings ratio of 49.97, a price-to-earnings-growth ratio of 3.96 and a beta of 1.42.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.08%. Ingersoll Rand’s dividend payout ratio is currently 3.90%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Cfra boosted their price target on shares of Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a report on Friday, October 4th. UBS Group began coverage on shares of Ingersoll Rand in a research report on Wednesday. They issued a “buy” rating and a $124.00 target price for the company. Robert W. Baird dropped their price target on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Barclays boosted their price objective on Ingersoll Rand from $101.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company raised their target price on Ingersoll Rand from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Ingersoll Rand has a consensus rating of “Moderate Buy” and a consensus price target of $104.25.

About Ingersoll Rand

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.