Blair William & Co. IL lowered its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 23.0% in the third quarter, Holdings Channel reports. The firm owned 13,406 shares of the industrial products company’s stock after selling 3,997 shares during the quarter. Blair William & Co. IL’s holdings in Ingersoll Rand were worth $477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also modified their holdings of the stock. Hall Laurie J Trustee acquired a new stake in Ingersoll Rand during the 3rd quarter worth approximately $38,000. Vigilant Capital Management LLC purchased a new stake in shares of Ingersoll Rand during the third quarter worth approximately $44,000. Ovata Capital Management Ltd acquired a new stake in shares of Ingersoll Rand during the second quarter worth $45,000. Private Advisor Group LLC purchased a new position in Ingersoll Rand in the 2nd quarter valued at $57,000. Finally, Cerebellum GP LLC acquired a new position in Ingersoll Rand in the 3rd quarter valued at $59,000. Hedge funds and other institutional investors own 94.74% of the company’s stock.
Shares of NYSE:IR opened at $44.26 on Friday. The business’s fifty day moving average price is $38.50 and its two-hundred day moving average price is $33.44. The stock has a market cap of $18.49 billion, a PE ratio of -119.62 and a beta of 1.43. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.56 and a current ratio of 2.43. Ingersoll Rand Inc. has a one year low of $17.01 and a one year high of $45.53.
Ingersoll Rand (NYSE:IR) last issued its quarterly earnings data on Monday, November 2nd. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.09. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.27 billion. Ingersoll Rand had a negative return on equity of 2.27% and a negative net margin of 3.97%. The business’s revenue was up 123.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 earnings per share. As a group, equities research analysts predict that Ingersoll Rand Inc. will post -0.45 earnings per share for the current fiscal year.
A number of research analysts have recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Ingersoll Rand in a research note on Thursday, September 24th. They set a “buy” rating and a $42.00 price target on the stock. Morgan Stanley boosted their target price on Ingersoll Rand from $36.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 4th. Barclays reissued a “buy” rating on shares of Ingersoll Rand in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price target on Ingersoll Rand from $36.00 to $38.00 and gave the company a “hold” rating in a research note on Wednesday, November 4th. Finally, Citigroup increased their price objective on Ingersoll Rand from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $67.24.
In other Ingersoll Rand news, insider Vicente Reynal sold 30,000 shares of the stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $38.00, for a total transaction of $1,140,000.00. Following the transaction, the insider now owns 230,018 shares of the company’s stock, valued at approximately $8,740,684. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Michael J. Scheske sold 7,683 shares of the firm’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $42.30, for a total value of $324,990.90. Following the sale, the vice president now owns 8,683 shares in the company, valued at approximately $367,290.90. The disclosure for this sale can be found here. Insiders have sold a total of 97,683 shares of company stock worth $3,744,991 over the last ninety days. 0.70% of the stock is owned by corporate insiders.
About Ingersoll Rand
Ingersoll Rand Inc provides mission-critical flow control and compression equipment, and associated aftermarket parts, consumables, and services in the United States, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Industrials, Energy, and Medical. The Industrials segment designs, manufactures, markets, and services a range of air compression, vacuum, and blower products, as well as offers associated aftermarket parts, consumables, and services.
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