Signature Estate & Investment Advisors LLC Acquires New Holdings in Ingersoll Rand Inc. (NYSE:IR)

Signature Estate & Investment Advisors LLC purchased a new stake in Ingersoll Rand Inc. (NYSE:IR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,723 shares of the industrial products company’s stock, valued at approximately $267,000.

Other large investors have also modified their holdings of the company. Ridgewood Investments LLC acquired a new stake in Ingersoll Rand during the 2nd quarter valued at $25,000. Headlands Technologies LLC purchased a new stake in Ingersoll Rand during the 1st quarter worth about $28,000. Ashton Thomas Securities LLC acquired a new position in Ingersoll Rand in the 3rd quarter valued at about $34,000. Eastern Bank purchased a new position in Ingersoll Rand in the 3rd quarter valued at about $42,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Ingersoll Rand by 38.5% during the first quarter. EverSource Wealth Advisors LLC now owns 453 shares of the industrial products company’s stock worth $42,000 after buying an additional 126 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total value of $246,620.64. Following the transaction, the chief accounting officer now owns 11,910 shares in the company, valued at $1,160,510.40. The trade was a 17.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kathleen M. Keene sold 4,629 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $89.99, for a total value of $416,563.71. Following the sale, the insider now owns 3,829 shares of the company’s stock, valued at $344,571.71. This represents a 54.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,660 shares of company stock valued at $1,348,834. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on IR. UBS Group began coverage on shares of Ingersoll Rand in a research report on Wednesday. They set a “buy” rating and a $124.00 target price on the stock. Wells Fargo & Company increased their target price on Ingersoll Rand from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Barclays lifted their price target on Ingersoll Rand from $101.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Cfra raised their target price on shares of Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Finally, Stifel Nicolaus upped their price target on shares of Ingersoll Rand from $101.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $104.25.

Ingersoll Rand Stock Down 0.5 %

Shares of Ingersoll Rand stock opened at $102.43 on Friday. Ingersoll Rand Inc. has a twelve month low of $69.46 and a twelve month high of $105.63. The stock has a market cap of $41.28 billion, a price-to-earnings ratio of 49.97, a price-to-earnings-growth ratio of 3.96 and a beta of 1.42. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average price of $97.83 and a 200 day moving average price of $94.24.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a dividend of $0.02 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.08%. Ingersoll Rand’s payout ratio is currently 3.90%.

Ingersoll Rand 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.