Opal Wealth Advisors LLC Has $211,000 Position in Ingersoll Rand Inc. (NYSE:IR)

Opal Wealth Advisors LLC grew its stake in Ingersoll Rand Inc. (NYSE:IR) by 6.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,145 shares of the industrial products company’s stock after buying an additional 121 shares during the period. Opal Wealth Advisors LLC’s holdings in Ingersoll Rand were worth $211,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Ingersoll Rand by 24.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 494,450 shares of the industrial products company’s stock valued at $46,948,000 after purchasing an additional 96,982 shares during the period. Azzad Asset Management Inc. ADV acquired a new stake in Ingersoll Rand during the first quarter worth approximately $1,221,000. Swedbank AB increased its holdings in Ingersoll Rand by 34.0% in the second quarter. Swedbank AB now owns 780,712 shares of the industrial products company’s stock worth $70,920,000 after purchasing an additional 198,200 shares in the last quarter. Inspire Investing LLC acquired a new position in Ingersoll Rand in the first quarter valued at approximately $889,000. Finally, Empowered Funds LLC boosted its holdings in shares of Ingersoll Rand by 1,077.0% during the 1st quarter. Empowered Funds LLC now owns 49,483 shares of the industrial products company’s stock worth $4,698,000 after buying an additional 45,279 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on IR shares. Cfra increased their target price on shares of Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Robert W. Baird upped their price target on Ingersoll Rand from $109.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Wells Fargo & Company raised their price objective on Ingersoll Rand from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Jefferies Financial Group assumed coverage on shares of Ingersoll Rand in a report on Friday, June 21st. They set a “buy” rating and a $110.00 price objective on the stock. Finally, Morgan Stanley started coverage on Ingersoll Rand in a research note on Friday, September 6th. They issued an “equal weight” rating and a $97.00 price objective for the company. Six investment 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $102.17.

Ingersoll Rand Stock Down 0.3 %

IR opened at $100.39 on Thursday. The company’s 50-day moving average price is $93.66 and its two-hundred day moving average price is $93.09. The company has a quick ratio of 1.52, a current ratio of 2.18 and a debt-to-equity ratio of 0.47. Ingersoll Rand Inc. has a twelve month low of $59.20 and a twelve month high of $102.74. The stock has a market cap of $40.50 billion, a price-to-earnings ratio of 49.95, a PEG ratio of 2.72 and a beta of 1.42.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.74 by $0.06. Ingersoll Rand had a return on equity of 13.00% and a net margin of 11.73%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.78 billion. As a group, equities analysts expect that Ingersoll Rand Inc. will post 3.22 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

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

Insider Buying and Selling 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 completion of the transaction, the insider now directly owns 100,367 shares of the company’s stock, valued at approximately $9,284,951.17. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related 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 sale, the insider now owns 100,367 shares of the company’s stock, valued at approximately $9,284,951.17. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Andrew R. Schiesl sold 15,381 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $89.74, for a total transaction of $1,380,290.94. Following the completion of the sale, the insider now directly owns 39,486 shares in the company, valued at approximately $3,543,473.64. The trade was a 0.00 % decrease in their ownership of the stock. 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 three months. 0.68% of the stock is currently owned by insiders.

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.