Ingersoll Rand Inc. (NYSE:IR) Shares Purchased by Simplicity Solutions LLC

Simplicity Solutions LLC boosted its position in Ingersoll Rand Inc. (NYSE:IR) by 15.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,940 shares of the industrial products company’s stock after acquiring an additional 807 shares during the quarter. Simplicity Solutions LLC’s holdings in Ingersoll Rand were worth $459,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in IR. Vanguard Group Inc. increased its position in shares of Ingersoll Rand by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 44,054,298 shares of the industrial products company’s stock worth $2,218,134,000 after purchasing an additional 823,749 shares during the last quarter. FMR LLC increased its position in shares of Ingersoll Rand by 3.4% in the 3rd quarter. FMR LLC now owns 19,190,038 shares of the industrial products company’s stock worth $1,222,789,000 after purchasing an additional 627,146 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Ingersoll Rand by 1.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,547,716 shares of the industrial products company’s stock worth $735,821,000 after purchasing an additional 213,441 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Ingersoll Rand by 2.3% in the 1st quarter. Geode Capital Management LLC now owns 8,386,114 shares of the industrial products company’s stock worth $486,798,000 after purchasing an additional 191,089 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Ingersoll Rand by 65.4% in the 4th quarter. Morgan Stanley now owns 4,701,832 shares of the industrial products company’s stock worth $245,671,000 after purchasing an additional 1,858,698 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Insider Transactions at Ingersoll Rand

In other news, insider Andrew R. Schiesl sold 10,421 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $89.95, for a total value of $937,368.95. Following the completion of the sale, the insider now directly owns 48,904 shares of the company’s stock, valued at approximately $4,398,914.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Andrew R. Schiesl sold 10,421 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $89.95, for a total value of $937,368.95. Following the completion of the sale, the insider now directly owns 48,904 shares of the company’s stock, valued at approximately $4,398,914.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Vicente Reynal sold 240,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $90.16, for a total transaction of $21,638,400.00. Following the completion of the sale, the insider now directly owns 91,957 shares of the company’s stock, valued at $8,290,843.12. The disclosure for this sale can be found here. In the last three months, insiders sold 293,011 shares of company stock valued at $26,374,789. Company insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Ingersoll Rand from a “hold” rating to a “buy” rating in a research report on Sunday, April 7th. BNP Paribas began coverage on shares of Ingersoll Rand in a research report on Tuesday, March 12th. They set a “neutral” rating and a $92.00 price objective for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $102.00 price objective on shares of Ingersoll Rand in a research report on Tuesday, March 26th. Evercore ISI downgraded shares of Ingersoll Rand from an “outperform” rating to an “in-line” rating and boosted their price objective for the company from $81.00 to $89.00 in a research report on Tuesday, February 20th. Finally, UBS Group boosted their price objective on shares of Ingersoll Rand from $78.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.73.

Ingersoll Rand Trading Down 0.7 %

Ingersoll Rand stock opened at $88.97 on Friday. 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 firm has a 50-day moving average price of $91.20 and a two-hundred day moving average price of $78.51. The firm has a market capitalization of $35.89 billion, a price-to-earnings ratio of 46.83, a PEG ratio of 3.17 and a beta of 1.44. Ingersoll Rand Inc. has a 52-week low of $53.24 and a 52-week high of $96.17.

Ingersoll Rand (NYSE:IR) last posted its earnings results on Thursday, February 15th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 11.32% and a return on equity of 12.24%. Sell-side analysts expect that Ingersoll Rand Inc. will post 3.1 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were paid 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 Wednesday, March 6th. Ingersoll Rand’s dividend payout ratio is currently 4.21%.

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.