Ingersoll Rand Inc. (NYSE:IR) Stake Boosted by Everpar Advisors LLC

Everpar Advisors LLC boosted its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 6.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,781 shares of the industrial products company’s stock after purchasing an additional 157 shares during the quarter. Everpar Advisors LLC’s holdings in Ingersoll Rand were worth $253,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IR. Kapitalo Investimentos Ltda acquired a new stake in Ingersoll Rand in the 4th quarter valued at approximately $28,000. Headlands Technologies LLC bought a new stake in shares of Ingersoll Rand during the 1st quarter worth about $28,000. Riverview Trust Co acquired a new stake in shares of Ingersoll Rand in the 1st quarter worth approximately $29,000. Scarborough Advisors LLC bought a new position in shares of Ingersoll Rand in the fourth quarter valued at approximately $32,000. Finally, ESL Trust Services LLC bought a new position in shares of Ingersoll Rand in the first quarter valued at approximately $35,000. 95.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

IR has been the subject of a number of research analyst reports. Cfra reissued a “hold” rating and issued a $85.00 price target on shares of Ingersoll Rand in a report on Friday, August 2nd. StockNews.com downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Saturday, May 4th. Robert W. Baird increased their price objective on Ingersoll Rand from $109.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Jefferies Financial Group started coverage on shares of Ingersoll Rand in a research note on Friday, June 21st. They issued a “buy” rating and a $110.00 target price for the company. 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. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Ingersoll Rand has a consensus rating of “Moderate Buy” and an average price target of $100.36.

Insider Buying and Selling

In other news, insider Andrew R. Schiesl sold 15,381 shares of the stock in a transaction that occurred on 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Andrew R. Schiesl sold 15,381 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $89.74, for a total transaction of $1,380,290.94. Following the completion of the transaction, the insider now owns 39,486 shares of the company’s stock, valued at $3,543,473.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Vicente Reynal sold 50,000 shares of Ingersoll Rand stock in a transaction dated 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 sale, the insider now directly owns 100,367 shares in the company, valued at $9,284,951.17. The disclosure for this sale can be found here. In the last 90 days, insiders sold 263,867 shares of company stock valued at $23,494,392. Insiders own 0.68% of the company’s stock.

Ingersoll Rand Stock Performance

IR traded down $1.21 during trading on Friday, hitting $91.01. The stock had a trading volume of 2,260,381 shares, compared to its average volume of 2,663,954. The company has a current ratio of 2.18, a quick ratio of 1.71 and a debt-to-equity ratio of 0.47. Ingersoll Rand Inc. has a 12 month low of $59.20 and a 12 month high of $101.30. The company has a 50 day simple moving average of $93.31 and a 200-day simple moving average of $91.67. The firm has a market cap of $36.72 billion, a PE ratio of 45.28, a P/E/G ratio of 2.68 and a beta of 1.45.

Ingersoll Rand Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be paid a $0.02 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. Ingersoll Rand’s payout ratio is presently 3.98%.

Ingersoll Rand declared that its Board of Directors has approved a share repurchase plan on Thursday, April 25th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to purchase up to 2.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

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.