GDS Wealth Management Has $14.28 Million Stock Position in Ingersoll Rand Inc. (NYSE:IR)

GDS Wealth Management boosted its holdings in Ingersoll Rand Inc. (NYSE:IRFree Report) by 7.6% in the second quarter, HoldingsChannel reports. The firm owned 157,167 shares of the industrial products company’s stock after purchasing an additional 11,055 shares during the period. Ingersoll Rand makes up about 1.6% of GDS Wealth Management’s investment portfolio, making the stock its 26th biggest holding. GDS Wealth Management’s holdings in Ingersoll Rand were worth $14,277,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in Ingersoll Rand by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 3,462,558 shares of the industrial products company’s stock worth $314,549,000 after acquiring an additional 224,463 shares in the last quarter. Wealthspire Advisors LLC raised its position in shares of Ingersoll Rand by 5.5% during the second quarter. Wealthspire Advisors LLC now owns 2,268 shares of the industrial products company’s stock worth $206,000 after purchasing an additional 119 shares during the period. Meeder Advisory Services Inc. lifted its holdings in shares of Ingersoll Rand by 22.3% in the 2nd quarter. Meeder Advisory Services Inc. now owns 4,956 shares of the industrial products company’s stock worth $450,000 after purchasing an additional 903 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in Ingersoll Rand by 2.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 178,292 shares of the industrial products company’s stock valued at $16,120,000 after purchasing an additional 3,435 shares during the period. Finally, Robeco Schweiz AG increased its stake in Ingersoll Rand by 52.8% during the 2nd quarter. Robeco Schweiz AG now owns 521,365 shares of the industrial products company’s stock valued at $47,361,000 after purchasing an additional 180,168 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Stock Performance

Ingersoll Rand stock opened at $90.94 on Tuesday. Ingersoll Rand Inc. has a 1-year low of $59.20 and a 1-year high of $101.30. The company has a current ratio of 2.18, a quick ratio of 1.52 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $36.69 billion, a PE ratio of 45.24, a price-to-earnings-growth ratio of 2.53 and a beta of 1.42. The firm’s 50 day simple moving average is $92.40 and its 200 day simple moving average is $92.15.

Ingersoll Rand (NYSE:IRGet Free Report) last released its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.06. Ingersoll Rand had a net margin of 11.73% and a return on equity of 13.00%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.78 billion. As a group, analysts expect that Ingersoll Rand Inc. will post 3.21 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. Ingersoll Rand’s dividend payout ratio (DPR) is presently 3.98%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of Ingersoll Rand from $109.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Evercore ISI cut their price target on Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating for the company in a research note on Monday, August 19th. Barclays decreased their price objective on Ingersoll Rand from $106.00 to $101.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Stifel Nicolaus raised their target price on Ingersoll Rand from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, Wells Fargo & Company decreased their price target on Ingersoll Rand from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $100.00.

Check Out Our Latest Stock Analysis on Ingersoll Rand

Insider Transactions at Ingersoll Rand

In related news, insider Vicente Reynal sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were 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 of the company’s stock, valued at $9,284,951.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Vicente Reynal sold 50,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $92.51, for a total transaction of $4,625,500.00. Following the transaction, the insider now directly owns 100,367 shares in the company, valued at approximately $9,284,951.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew R. Schiesl sold 15,381 shares of the business’s 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 owns 39,486 shares of the company’s stock, valued at approximately $3,543,473.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,510 shares of company stock valued at $7,108,005. 0.68% of the stock is owned by corporate insiders.

Ingersoll Rand Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding IR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingersoll Rand Inc. (NYSE:IRFree Report).

Institutional Ownership by Quarter for Ingersoll Rand (NYSE:IR)

Receive News & Ratings for Ingersoll Rand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingersoll Rand and related companies with MarketBeat.com's FREE daily email newsletter.