Aptus Capital Advisors LLC Acquires 179 Shares of Ingersoll Rand Inc. (NYSE:IR)

Aptus Capital Advisors LLC grew its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 7.3% during the third quarter, Holdings Channel reports. The institutional investor owned 2,630 shares of the industrial products company’s stock after purchasing an additional 179 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Ingersoll Rand were worth $258,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Wealthspire Advisors LLC raised its holdings in Ingersoll Rand by 5.5% during the 2nd quarter. Wealthspire Advisors LLC now owns 2,268 shares of the industrial products company’s stock valued at $206,000 after buying an additional 119 shares during the last quarter. Kanawha Capital Management LLC boosted its holdings in shares of Ingersoll Rand by 2.4% during the third quarter. Kanawha Capital Management LLC now owns 5,096 shares of the industrial products company’s stock worth $500,000 after purchasing an additional 119 shares during the period. Opal Wealth Advisors LLC grew its stake in shares of Ingersoll Rand by 6.0% in the third quarter. Opal Wealth Advisors LLC now owns 2,145 shares of the industrial products company’s stock worth $211,000 after purchasing an additional 121 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Ingersoll Rand by 38.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 453 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 126 shares during the period. Finally, Resonant Capital Advisors LLC raised its position in Ingersoll Rand by 4.2% during the 2nd quarter. Resonant Capital Advisors LLC now owns 3,300 shares of the industrial products company’s stock valued at $300,000 after purchasing an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Insider Activity

In related news, insider Elizabeth Meloy Hepding sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $91.42, for a total transaction of $685,650.00. Following the completion of the sale, the insider now owns 6,559 shares of the company’s stock, valued at $599,623.78. This trade represents a 53.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Michael J. Scheske sold 2,531 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total transaction of $246,620.64. Following the completion of the transaction, the chief accounting officer now owns 11,910 shares of the company’s stock, valued at approximately $1,160,510.40. The trade was a 17.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,660 shares of company stock worth $1,348,834 over the last three months. 0.68% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on IR shares. Robert W. Baird cut their price objective on Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Evercore ISI reduced their price objective on shares of Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating on the stock in a research report on Monday, August 19th. Cfra raised their target price on shares of Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Morgan Stanley assumed coverage on shares of Ingersoll Rand in a research report on Friday, September 6th. They set an “equal weight” rating and a $97.00 price target on the stock. Finally, Barclays raised their price objective on shares of Ingersoll Rand from $101.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $104.25.

Ingersoll Rand Stock Performance

Shares of IR opened at $102.43 on Friday. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46. The stock has a market cap of $41.28 billion, a P/E ratio of 49.97, a P/E/G ratio of 3.96 and a beta of 1.42. The business’s 50 day moving average price is $97.83 and its 200-day moving average price is $94.23. Ingersoll Rand Inc. has a 52 week low of $69.46 and a 52 week high of $105.63.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a $0.02 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.08%. Ingersoll Rand’s dividend payout ratio is currently 3.90%.

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.