Private Advisor Group LLC acquired a new position in shares of Ingersoll Rand Inc. (NYSE:IR – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,641 shares of the industrial products company’s stock, valued at approximately $386,000.
A number of other hedge funds have also bought and sold shares of the company. Barclays PLC grew its holdings in shares of Ingersoll Rand by 41.6% in the fourth quarter. Barclays PLC now owns 490,126 shares of the industrial products company’s stock worth $25,608,000 after purchasing an additional 143,977 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of Ingersoll Rand during the fourth quarter valued at approximately $370,000. ING Groep NV purchased a new stake in shares of Ingersoll Rand in the fourth quarter valued at approximately $238,000. Desjardins Global Asset Management Inc. grew its stake in Ingersoll Rand by 27.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,263 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 272 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in Ingersoll Rand by 36.8% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 17,567 shares of the industrial products company’s stock worth $918,000 after purchasing an additional 4,728 shares during the period. Institutional investors own 94.54% of the company’s stock.
Insider Buying and Selling at Ingersoll Rand
In other Ingersoll Rand news, insider Vicente Reynal sold 27,169 shares of the stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $65.00, for a total transaction of $1,765,985.00. Following the completion of the transaction, the insider now owns 73,877 shares of the company’s stock, valued at $4,802,005. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Kathleen M. Keene sold 4,003 shares of the company’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $62.50, for a total transaction of $250,187.50. Following the completion of the sale, the insider now owns 1,879 shares of the company’s stock, valued at approximately $117,437.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Vicente Reynal sold 27,169 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $65.00, for a total transaction of $1,765,985.00. Following the completion of the transaction, the insider now directly owns 73,877 shares in the company, valued at $4,802,005. The disclosure for this sale can be found here. Insiders own 0.83% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on Ingersoll Rand
Ingersoll Rand Trading Up 0.5 %
Ingersoll Rand stock opened at $69.95 on Monday. The company has a current ratio of 2.29, a quick ratio of 1.62 and a debt-to-equity ratio of 0.28. The stock’s 50 day simple moving average is $66.41 and its two-hundred day simple moving average is $60.97. Ingersoll Rand Inc. has a 12 month low of $42.20 and a 12 month high of $70.65. The firm has a market cap of $28.29 billion, a PE ratio of 40.67, a P/E/G ratio of 2.12 and a beta of 1.44.
Ingersoll Rand (NYSE:IR – Get Free Report) last posted its earnings results on Wednesday, August 2nd. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.11. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.58 billion. Ingersoll Rand had a net margin of 10.89% and a return on equity of 11.20%. Analysts anticipate that Ingersoll Rand Inc. will post 2.63 earnings per share for the current year.
Ingersoll Rand Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Wednesday, August 23rd will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date is Tuesday, August 22nd. Ingersoll Rand’s dividend payout ratio is presently 4.65%.
Ingersoll Rand Profile
Ingersoll Rand Inc provides various mission-critical air, fluid, energy, specialty vehicle, and medical technologies in the United States, Europe, the Middle East, India, Africa, and the Asia Pacific. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies.
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