Natixis Advisors L.P. Has $6.43 Million Holdings in Ingersoll Rand Inc. (NYSE:IR)

Posted by Defense World Staff on Apr 15th, 2023

Ingersoll Rand logo Natixis Advisors L.P. boosted its stake in Ingersoll Rand Inc. (NYSE:IR – Get Rating) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,125 shares of the industrial products company’s stock after buying an additional 6,119 shares during the quarter. Natixis Advisors L.P.’s holdings in Ingersoll Rand were worth $6,434,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of IR. Cullen Frost Bankers Inc. raised its position in shares of Ingersoll Rand by 81.3% during the third quarter. Cullen Frost Bankers Inc. now owns 638 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 286 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of Ingersoll Rand by 87.0% in the third quarter. Parkside Financial Bank & Trust now owns 705 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 328 shares during the last quarter. Guardian Wealth Advisors LLC acquired a new position in shares of Ingersoll Rand in the third quarter valued at approximately $30,000. CI Investments Inc. grew its position in shares of Ingersoll Rand by 103.1% in the third quarter. CI Investments Inc. now owns 971 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 493 shares during the last quarter. Finally, Clear Street Markets LLC grew its position in shares of Ingersoll Rand by 56.9% in the third quarter. Clear Street Markets LLC now owns 1,334 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 484 shares during the last quarter. Institutional investors and hedge funds own 99.73% of the company’s stock.

Insider Activity

In other news, insider Vicente Reynal sold 25,000 shares of the company’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $60.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the insider now directly owns 102,856 shares of the company’s stock, valued at $6,171,360. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Citigroup increased their price target on Ingersoll Rand from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Monday, April 10th. Robert W. Baird raised their target price on Ingersoll Rand from $52.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Ingersoll Rand from $55.00 to $56.00 and gave the stock a “hold” rating in a research report on Wednesday. Morgan Stanley lifted their price objective on Ingersoll Rand from $57.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 22nd. Finally, Wells Fargo & Company lifted their price objective on Ingersoll Rand from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Thursday, January 19th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and an average price target of $58.80.

Ingersoll Rand Trading Down 0.5 %

Shares of IR stock opened at $55.70 on Friday. The company’s fifty day simple moving average is $56.57 and its two-hundred day simple moving average is $53.58. The stock has a market capitalization of $22.56 billion, a price-to-earnings ratio of 37.64 and a beta of 1.42. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.37 and a quick ratio of 1.76. Ingersoll Rand Inc. has a 1 year low of $39.28 and a 1 year high of $60.39.

Ingersoll Rand (NYSE:IR – Get Rating) last posted its quarterly earnings results on Tuesday, February 21st. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.13. Ingersoll Rand had a net margin of 10.22% and a return on equity of 9.99%. The business had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the business posted $0.64 earnings per share. The company’s revenue was up 14.4% on a year-over-year basis. As a group, analysts anticipate that Ingersoll Rand Inc. will post 2.38 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 24th. Stockholders of record on Wednesday, March 1st were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend was Tuesday, February 28th. Ingersoll Rand’s dividend payout ratio (DPR) is 5.41%.

Ingersoll Rand Company Profile

(Get Rating)

Ingersoll Rand, Inc provides a broad range of mission critical air, fluid, energy, specialty vehicle and medical technologies, providing services and solutions to increase industrial productivity and efficiency. It operates through the following segments: Industrial Technologies and Services, Precision and Science Technologies, High Pressure Solutions, and Specialty Vehicle Technologies.