Pallas Capital Advisors LLC Invests $250,000 in Ingersoll Rand Inc. (NYSE:IR)

Pallas Capital Advisors LLC bought a new position in Ingersoll Rand Inc. (NYSE:IRFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,238 shares of the industrial products company’s stock, valued at approximately $250,000.

Several other large investors also recently modified their holdings of IR. American Century Companies Inc. grew its stake in shares of Ingersoll Rand by 12.0% in the first quarter. American Century Companies Inc. now owns 15,601 shares of the industrial products company’s stock worth $786,000 after purchasing an additional 1,675 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Ingersoll Rand by 47.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,880 shares of the industrial products company’s stock valued at $497,000 after acquiring an additional 3,185 shares in the last quarter. Private Advisor Group LLC bought a new stake in Ingersoll Rand during the 1st quarter valued at approximately $327,000. Panagora Asset Management Inc. boosted its position in Ingersoll Rand by 62.2% during the 1st quarter. Panagora Asset Management Inc. now owns 28,937 shares of the industrial products company’s stock valued at $1,457,000 after acquiring an additional 11,096 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its position in Ingersoll Rand by 1.7% during the 1st quarter. Yousif Capital Management LLC now owns 57,771 shares of the industrial products company’s stock valued at $2,909,000 after acquiring an additional 988 shares in the last quarter. 95.27% of the stock is owned by institutional investors.

Insider Transactions at Ingersoll Rand

In related news, insider Vicente Reynal sold 240,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $90.16, for a total value of $21,638,400.00. Following the completion of the transaction, the insider now owns 91,957 shares of the company’s stock, valued at approximately $8,290,843.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Ingersoll Rand news, CAO Michael J. Scheske sold 7,590 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $88.00, for a total transaction of $667,920.00. Following the completion of the transaction, the chief accounting officer now owns 9,715 shares of the company’s stock, valued at approximately $854,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vicente Reynal sold 240,000 shares of the stock in a transaction dated 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 directly owns 91,957 shares of the company’s stock, valued at approximately $8,290,843.12. The disclosure for this sale can be found here. Insiders sold 293,011 shares of company stock worth $26,374,789 in the last three months. Corporate insiders own 0.83% of the company’s stock.

Wall Street Analysts Forecast Growth

IR has been the topic of several research reports. Barclays lifted their price objective on Ingersoll Rand from $101.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday. Wells Fargo & Company boosted their price target on Ingersoll Rand from $83.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 20th. Stifel Nicolaus reissued a “buy” rating and issued a $102.00 price target on shares of Ingersoll Rand in a research report on Tuesday, March 26th. Citigroup boosted their price target on Ingersoll Rand from $79.00 to $86.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Finally, BNP Paribas began coverage on shares of Ingersoll Rand in a report on Tuesday, March 12th. They issued a “neutral” rating and a $92.00 price objective for the company. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $87.50.

View Our Latest Stock Analysis on Ingersoll Rand

Ingersoll Rand Price Performance

Shares of IR opened at $92.55 on Wednesday. The firm has a market cap of $37.34 billion, a PE ratio of 48.71, a P/E/G ratio of 3.41 and a beta of 1.44. The company has a current ratio of 2.22, a quick ratio of 1.67 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of $88.40 and a two-hundred day simple moving average of $76.17. Ingersoll Rand Inc. has a 1-year low of $53.24 and a 1-year high of $96.17.

Ingersoll Rand (NYSE:IRGet Free Report) last posted its quarterly earnings data on Thursday, February 15th. The industrial products company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.74 by $0.09. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.76 billion. Ingersoll Rand had a return on equity of 12.24% and a net margin of 11.32%. On average, equities analysts anticipate that Ingersoll Rand Inc. will post 3.1 EPS for the current year.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were paid a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. 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.

Read More

Want to see what other hedge funds are holding IR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingersoll Rand Inc. (NYSE:IRFree Report).

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

Receive News & Ratings for Ingersoll Rand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingersoll Rand and related companies with MarketBeat.com's FREE daily email newsletter.