Arcadia Investment Management Corp MI Buys 1,000 Shares of Ingersoll Rand Inc. (NYSE:IR)

Arcadia Investment Management Corp MI grew its stake in Ingersoll Rand Inc. (NYSE:IR) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,934 shares of the industrial products company’s stock after acquiring an additional 1,000 shares during the period. Arcadia Investment Management Corp MI’s holdings in Ingersoll Rand were worth $3,991,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. National Bank of Canada FI raised its stake in shares of Ingersoll Rand by 9.4% during the fourth quarter. National Bank of Canada FI now owns 95,157 shares of the industrial products company’s stock worth $7,301,000 after buying an additional 8,146 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of Ingersoll Rand by 36.1% during the fourth quarter. Private Advisor Group LLC now owns 9,701 shares of the industrial products company’s stock worth $750,000 after buying an additional 2,573 shares during the last quarter. Apollon Wealth Management LLC bought a new stake in shares of Ingersoll Rand during the fourth quarter worth approximately $334,000. Charles Schwab Investment Management Inc. grew its holdings in Ingersoll Rand by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,096,205 shares of the industrial products company’s stock valued at $162,120,000 after purchasing an additional 36,858 shares during the period. Finally, Principal Securities Inc. acquired a new position in Ingersoll Rand during the fourth quarter valued at approximately $144,000. 95.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

IR has been the subject of a number of analyst reports. Barclays decreased their price objective on shares of 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 boosted their price objective 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. Wells Fargo & Company decreased their price objective on shares of Ingersoll Rand from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Robert W. Baird boosted 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. Finally, Evercore ISI decreased their price objective on shares of Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating for the company in a report on Monday, August 19th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.00.

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, insider Kathleen M. Keene sold 4,629 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $89.99, for a total transaction of $416,563.71. Following the sale, the insider now directly owns 3,829 shares of the company’s stock, valued at $344,571.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ingersoll Rand news, insider Elizabeth Meloy Hepding sold 7,500 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $91.42, for a total transaction of $685,650.00. Following the sale, the insider now directly owns 6,559 shares of the company’s stock, valued at $599,623.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kathleen M. Keene sold 4,629 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $89.99, for a total transaction of $416,563.71. Following the sale, the insider now directly owns 3,829 shares in the company, valued at $344,571.71. The disclosure for this sale can be found here. Insiders have sold a total of 77,510 shares of company stock valued at $7,108,005 over the last 90 days. 0.68% of the stock is owned by corporate insiders.

Ingersoll Rand Stock Up 0.1 %

Shares of IR stock traded up $0.13 during trading on Friday, reaching $87.74. The company’s stock had a trading volume of 282,947 shares, compared to its average volume of 2,582,657. The business has a fifty day moving average price of $92.65 and a 200-day moving average price of $92.15. The company has a quick ratio of 1.52, a current ratio of 2.18 and a debt-to-equity ratio of 0.47. The company has a market cap of $35.40 billion, a price-to-earnings ratio of 43.59, a price-to-earnings-growth ratio of 2.58 and a beta of 1.45. Ingersoll Rand Inc. has a one year low of $59.20 and a one year high of $101.30.

Ingersoll Rand (NYSE:IR) last announced its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.06. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.78 billion. Ingersoll Rand had a net margin of 11.73% and a return on equity of 13.00%. Analysts anticipate that Ingersoll Rand Inc. will post 3.21 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

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

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.