Signaturefd LLC Sells 257 Shares of Ingersoll Rand Inc. (NYSE:IR)

Signaturefd LLC lessened its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 2.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,640 shares of the industrial products company’s stock after selling 257 shares during the quarter. Signaturefd LLC’s holdings in Ingersoll Rand were worth $967,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Capital International Investors boosted its holdings in Ingersoll Rand by 113.7% in the first quarter. Capital International Investors now owns 26,166,256 shares of the industrial products company’s stock worth $2,484,486,000 after acquiring an additional 13,919,775 shares in the last quarter. Capital World Investors bought a new position in shares of Ingersoll Rand in the 1st quarter worth $440,401,000. Norges Bank acquired a new stake in Ingersoll Rand in the 4th quarter valued at $301,890,000. JPMorgan Chase & Co. increased its stake in Ingersoll Rand by 28.4% during the 1st quarter. JPMorgan Chase & Co. now owns 15,977,246 shares of the industrial products company’s stock valued at $1,517,040,000 after purchasing an additional 3,535,543 shares in the last quarter. Finally, Capital Research Global Investors raised its holdings in Ingersoll Rand by 46.6% during the fourth quarter. Capital Research Global Investors now owns 9,811,827 shares of the industrial products company’s stock worth $758,847,000 after buying an additional 3,119,793 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Stock Performance

NYSE IR traded up $0.65 during trading hours on Friday, reaching $91.45. 2,153,628 shares of the company were exchanged, compared to its average volume of 2,600,225. The company has a quick ratio of 1.71, a current ratio of 2.18 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $36.89 billion, a P/E ratio of 45.50, a P/E/G ratio of 2.68 and a beta of 1.45. Ingersoll Rand Inc. has a 1 year low of $59.20 and a 1 year high of $101.30. The business’s 50 day simple moving average is $92.86 and its 200-day simple moving average is $92.07.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.06. Ingersoll Rand had a net margin of 11.73% and a return on equity of 13.00%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.78 billion. On average, equities research analysts expect that Ingersoll Rand Inc. will post 3.17 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.02 per share. The ex-dividend date is 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 is presently 3.98%.

Analyst Ratings Changes

Several equities research analysts have recently commented on IR shares. Stifel Nicolaus boosted their target price on shares of Ingersoll Rand from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Jefferies Financial Group assumed coverage on Ingersoll Rand in a research report on Friday, June 21st. They set a “buy” rating and a $110.00 target price on the stock. StockNews.com lowered Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Saturday, May 4th. Barclays cut their price objective on shares of Ingersoll Rand from $106.00 to $101.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Finally, Robert W. Baird increased their target price 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. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.27.

Insider Transactions at Ingersoll Rand

In related news, insider Kathleen M. Keene sold 4,629 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $89.99, for a total value of $416,563.71. Following the sale, the insider now directly owns 3,829 shares in the company, valued at approximately $344,571.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Kathleen M. Keene sold 4,629 shares of Ingersoll Rand stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $89.99, for a total value of $416,563.71. Following the completion of the transaction, the insider now directly owns 3,829 shares in the company, valued at approximately $344,571.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Elizabeth Meloy Hepding sold 7,500 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $91.42, for a total value of $685,650.00. Following the sale, the insider now owns 6,559 shares in the company, valued at approximately $599,623.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 275,996 shares of company stock worth $24,596,606. 0.68% of the stock is owned by company 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.