SG Americas Securities LLC Raises Holdings in Ingersoll Rand Inc. (NYSE:IR)

SG Americas Securities LLC boosted its stake in Ingersoll Rand Inc. (NYSE:IR) by 211.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,544 shares of the industrial products company’s stock after buying an additional 18,014 shares during the quarter. SG Americas Securities LLC’s holdings in Ingersoll Rand were worth $2,053,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Ingersoll Rand in the fourth quarter valued at $187,291,000. Morgan Stanley raised its stake in Ingersoll Rand by 65.4% in the 4th quarter. Morgan Stanley now owns 4,701,832 shares of the industrial products company’s stock valued at $245,671,000 after purchasing an additional 1,858,698 shares during the last quarter. BlackRock Inc. lifted its holdings in Ingersoll Rand by 4.3% in the 2nd quarter. BlackRock Inc. now owns 31,966,777 shares of the industrial products company’s stock valued at $2,089,349,000 after purchasing an additional 1,323,821 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of Ingersoll Rand by 101.0% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,700,061 shares of the industrial products company’s stock worth $108,328,000 after purchasing an additional 854,314 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Ingersoll Rand by 1.9% during the first quarter. Vanguard Group Inc. now owns 44,054,298 shares of the industrial products company’s stock worth $2,218,134,000 after buying an additional 823,749 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Insider Activity

In related news, CAO Michael J. Scheske sold 7,590 shares of Ingersoll Rand stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $88.00, for a total transaction of $667,920.00. Following the sale, 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 is accessible through this link. In other news, insider Andrew R. Schiesl sold 10,421 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $89.95, for a total transaction of $937,368.95. Following the completion of the transaction, the insider now directly owns 48,904 shares in the company, valued at approximately $4,398,914.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Michael J. Scheske sold 7,590 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $88.00, for a total transaction of $667,920.00. Following the sale, the chief accounting officer now directly owns 9,715 shares of the company’s stock, valued at approximately $854,920. The disclosure for this sale can be found here. Over the last three months, insiders sold 293,011 shares of company stock worth $26,374,789. 0.83% of the stock is currently owned by company insiders.

Ingersoll Rand Stock Up 0.9 %

Shares of NYSE IR opened at $95.33 on Thursday. The stock has a fifty day moving average price of $87.10 and a 200 day moving average price of $75.40. The company has a current ratio of 2.22, a quick ratio of 1.67 and a debt-to-equity ratio of 0.27. Ingersoll Rand Inc. has a 12-month low of $53.24 and a 12-month high of $96.17. The company has a market cap of $38.46 billion, a P/E ratio of 50.14, a P/E/G ratio of 3.39 and a beta of 1.44.

Ingersoll Rand (NYSE:IR) last issued its earnings results 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. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.76 billion. Ingersoll Rand had a return on equity of 12.24% and a net margin of 11.32%. Research analysts anticipate that Ingersoll Rand Inc. will post 3.1 EPS for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.08%. Ingersoll Rand’s payout ratio is currently 4.21%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. StockNews.com lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. Evercore ISI lowered Ingersoll Rand from an “outperform” rating to an “in-line” rating and upped their target price for the company from $81.00 to $89.00 in a research note on Tuesday, February 20th. The Goldman Sachs Group raised their price target on Ingersoll Rand from $87.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Stifel Nicolaus reiterated a “buy” rating and set a $102.00 price objective on shares of Ingersoll Rand in a report on Tuesday. Finally, Wells Fargo & Company upped their price objective on Ingersoll Rand from $83.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Ingersoll Rand has a consensus rating of “Moderate Buy” and an average price target of $84.92.

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.