Sequoia Financial Advisors LLC Invests $558,000 in Ingersoll Rand Inc. (NYSE:IR)

Sequoia Financial Advisors LLC acquired a new position in Ingersoll Rand Inc. (NYSE:IR) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 7,216 shares of the industrial products company’s stock, valued at approximately $558,000.

A number of other institutional investors have also made changes to their positions in IR. Bleakley Financial Group LLC increased its holdings in Ingersoll Rand by 15.7% during the fourth quarter. Bleakley Financial Group LLC now owns 5,940 shares of the industrial products company’s stock worth $459,000 after buying an additional 807 shares during the last quarter. Meeder Advisory Services Inc. increased its holdings in Ingersoll Rand by 17.3% during the fourth quarter. Meeder Advisory Services Inc. now owns 3,690 shares of the industrial products company’s stock worth $285,000 after buying an additional 543 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Ingersoll Rand by 2.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 106,527 shares of the industrial products company’s stock worth $8,239,000 after buying an additional 2,514 shares during the last quarter. Massachusetts Wealth Management increased its holdings in Ingersoll Rand by 8.8% during the fourth quarter. Massachusetts Wealth Management now owns 27,518 shares of the industrial products company’s stock worth $2,128,000 after buying an additional 2,235 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC acquired a new position in Ingersoll Rand during the fourth quarter worth $267,000. Institutional investors own 95.27% of the company’s stock.

Insider Transactions at Ingersoll Rand

In other news, 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 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 $8,290,843.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Andrew R. Schiesl sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $89.46, for a total value of $3,131,100.00. Following the completion of the transaction, the insider now owns 16,525 shares of the company’s stock, valued at $1,478,326.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Vicente Reynal sold 240,000 shares of the company’s stock in a transaction that occurred 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 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. Over the last 90 days, insiders sold 293,011 shares of company stock valued at $26,374,789. 0.83% of the stock is currently owned by insiders.

Ingersoll Rand Trading Down 0.4 %

IR opened at $90.87 on Wednesday. Ingersoll Rand Inc. has a twelve month low of $53.24 and a twelve month high of $96.17. The company has a 50-day simple moving average of $91.02 and a 200 day simple moving average of $78.35. The company has a quick ratio of 1.67, a current ratio of 2.22 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $36.66 billion, a price-to-earnings ratio of 47.83, a P/E/G ratio of 3.20 and a beta of 1.44.

Ingersoll Rand (NYSE:IR) last posted its quarterly earnings data on Thursday, February 15th. The industrial products company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.09. Ingersoll Rand had a net margin of 11.32% and a return on equity of 12.24%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Analysts predict that Ingersoll Rand Inc. will post 3.1 EPS for the current fiscal year.

Ingersoll Rand Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have commented on IR. 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 on the stock. UBS Group upped their price objective on shares of Ingersoll Rand from $78.00 to $93.00 and gave the company a “buy” rating in a report on Monday, January 29th. StockNews.com upgraded shares of Ingersoll Rand from a “hold” rating to a “buy” rating in a report on Sunday, April 7th. Wells Fargo & Company upped their price objective on shares of Ingersoll Rand from $83.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $102.00 price objective on shares of Ingersoll Rand in a report on Tuesday, March 26th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $92.73.

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.