Signaturefd LLC Buys 2,153 Shares of Ingersoll Rand Inc. (NYSE:IR)

Signaturefd LLC raised its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 25.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,473 shares of the industrial products company’s stock after purchasing an additional 2,153 shares during the period. Signaturefd LLC’s holdings in Ingersoll Rand were worth $810,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV raised its position in Ingersoll Rand by 17.9% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,137 shares of the industrial products company’s stock worth $88,000 after purchasing an additional 173 shares during the period. Global Retirement Partners LLC lifted its stake in shares of Ingersoll Rand by 11.9% in the 3rd quarter. Global Retirement Partners LLC now owns 1,800 shares of the industrial products company’s stock valued at $114,000 after acquiring an additional 191 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in Ingersoll Rand by 4.7% during the 4th quarter. Pinnacle Associates Ltd. now owns 4,333 shares of the industrial products company’s stock valued at $335,000 after acquiring an additional 193 shares during the period. Catalyst Financial Partners LLC grew its position in Ingersoll Rand by 3.3% during the 3rd quarter. Catalyst Financial Partners LLC now owns 6,021 shares of the industrial products company’s stock worth $384,000 after acquiring an additional 194 shares during the last quarter. Finally, Parsons Capital Management Inc. RI increased its stake in Ingersoll Rand by 3.2% in the 4th quarter. Parsons Capital Management Inc. RI now owns 6,399 shares of the industrial products company’s stock worth $495,000 after purchasing an additional 200 shares during the period. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ingersoll Rand

In other news, insider Andrew R. Schiesl sold 10,421 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $89.95, for a total value of $937,368.95. Following the sale, the insider now directly owns 48,904 shares of the company’s stock, valued at $4,398,914.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Vicente Reynal sold 240,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $90.16, for a total value of $21,638,400.00. Following the transaction, the insider now directly owns 91,957 shares of the company’s stock, valued at approximately $8,290,843.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew R. Schiesl sold 10,421 shares of Ingersoll Rand stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $89.95, for a total value of $937,368.95. Following the completion of the sale, the insider now directly owns 48,904 shares of the company’s stock, valued at approximately $4,398,914.80. The disclosure for this sale can be found here. Insiders sold a total of 293,011 shares of company stock valued at $26,374,789 in the last 90 days. Corporate insiders own 0.83% of the company’s stock.

Ingersoll Rand Price Performance

IR opened at $88.63 on Tuesday. The company has a current ratio of 2.22, a quick ratio of 1.67 and a debt-to-equity ratio of 0.27. The company has a market cap of $35.76 billion, a price-to-earnings ratio of 46.65, a price-to-earnings-growth ratio of 3.08 and a beta of 1.44. The stock has a fifty day simple moving average of $91.31 and a two-hundred day simple moving average of $79.08. Ingersoll Rand Inc. has a 12-month low of $53.24 and a 12-month high of $96.17.

Ingersoll Rand (NYSE:IR) last released its earnings results on Thursday, February 15th. The industrial products company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.09. Ingersoll Rand had a net margin of 11.32% and a return on equity of 12.24%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.76 billion. Research analysts predict that Ingersoll Rand Inc. will post 3.1 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were paid a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. Ingersoll Rand’s payout ratio is currently 4.21%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on IR. UBS Group raised their target price on shares of Ingersoll Rand from $78.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, January 29th. The Goldman Sachs Group raised their price target on shares of Ingersoll Rand from $87.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Stifel Nicolaus reiterated a “buy” rating and set a $102.00 target price on shares of Ingersoll Rand in a report on Tuesday, March 26th. Barclays boosted their price target on Ingersoll Rand from $101.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, BNP Paribas assumed coverage on Ingersoll Rand in a research note on Tuesday, March 12th. They set a “neutral” rating and a $92.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ingersoll Rand presently has an average rating of “Moderate Buy” and a consensus price target of $92.73.

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.