Carderock Capital Management Inc. Grows Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Carderock Capital Management Inc. lifted its position in shares of Ingersoll Rand Inc. (NYSE:IRFree Report) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,004 shares of the industrial products company’s stock after acquiring an additional 4,467 shares during the period. Carderock Capital Management Inc.’s holdings in Ingersoll Rand were worth $5,801,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in IR. OFI Invest Asset Management bought a new stake in shares of Ingersoll Rand during the third quarter valued at approximately $25,000. Pacifica Partners Inc. bought a new stake in shares of Ingersoll Rand during the third quarter valued at approximately $28,000. Quintet Private Bank Europe S.A. bought a new stake in Ingersoll Rand in the 3rd quarter worth approximately $28,000. Lazard Asset Management LLC grew its position in Ingersoll Rand by 1,566.7% in the 2nd quarter. Lazard Asset Management LLC now owns 450 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 423 shares during the period. Finally, Clearstead Advisors LLC grew its position in Ingersoll Rand by 348.2% in the 3rd quarter. Clearstead Advisors LLC now owns 493 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 383 shares during the period. Institutional investors own 95.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on IR shares. Barclays lifted their target price on shares of Ingersoll Rand from $101.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday. Cfra lifted their target price on shares of Ingersoll Rand from $68.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. The Goldman Sachs Group lifted their target price on shares of Ingersoll Rand from $87.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Wells Fargo & Company lifted their target price on shares of Ingersoll Rand from $83.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 20th. Finally, BNP Paribas began coverage on shares of Ingersoll Rand in a research report on Tuesday, March 12th. They issued a “neutral” rating and a $92.00 target price for the company. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Ingersoll Rand currently has an average rating of “Moderate Buy” and a consensus target price of $87.50.

Get Our Latest Report on IR

Insider Activity at Ingersoll Rand

In related news, insider Vicente Reynal sold 240,000 shares of Ingersoll Rand stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $90.16, for a total transaction of $21,638,400.00. Following the transaction, the insider now owns 91,957 shares in the company, valued at approximately $8,290,843.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Vicente Reynal sold 240,000 shares of Ingersoll Rand stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $90.16, for a total transaction of $21,638,400.00. Following the transaction, the insider now owns 91,957 shares in the company, valued at approximately $8,290,843.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Andrew R. Schiesl sold 35,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $89.46, for a total transaction of $3,131,100.00. Following the completion of the sale, the insider now owns 16,525 shares in the company, valued at approximately $1,478,326.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 293,011 shares of company stock worth $26,374,789. 0.83% of the stock is owned by corporate insiders.

Ingersoll Rand Trading Up 0.9 %

Shares of Ingersoll Rand stock opened at $93.40 on Thursday. The company’s fifty day simple moving average is $88.66 and its 200-day simple moving average is $76.36. The stock has a market capitalization of $37.68 billion, a PE ratio of 49.16, a P/E/G ratio of 3.32 and a beta of 1.44. Ingersoll Rand Inc. has a 1-year low of $53.24 and a 1-year high of $96.17. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.67.

Ingersoll Rand (NYSE:IRGet Free Report) last released its earnings results on Thursday, February 15th. The industrial products company reported $0.83 earnings per share for the quarter, beating 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 company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.76 billion. As a group, equities analysts anticipate that Ingersoll Rand Inc. will post 3.1 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date was Wednesday, March 6th. Ingersoll Rand’s dividend payout ratio (DPR) is 4.21%.

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.

See Also

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

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