Ingersoll Rand Inc. (NYSE:IR) Stock Holdings Increased by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its stake in Ingersoll Rand Inc. (NYSE:IR) by 3.7% in the third quarter, Holdings Channel reports. The institutional investor owned 5,449 shares of the industrial products company’s stock after acquiring an additional 196 shares during the quarter. Apollon Wealth Management LLC’s holdings in Ingersoll Rand were worth $535,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IR. Ridgewood Investments LLC purchased a new position in Ingersoll Rand in the second quarter valued at about $25,000. Headlands Technologies LLC acquired a new stake in Ingersoll Rand in the 1st quarter worth $28,000. Ashton Thomas Securities LLC acquired a new position in Ingersoll Rand in the 3rd quarter valued at approximately $34,000. EverSource Wealth Advisors LLC raised its holdings in shares of Ingersoll Rand by 38.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 453 shares of the industrial products company’s stock worth $42,000 after buying an additional 126 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in Ingersoll Rand by 196.8% during the second quarter. UMB Bank n.a. now owns 466 shares of the industrial products company’s stock worth $42,000 after buying an additional 309 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Insider Buying and Selling

In other news, insider Kathleen M. Keene sold 4,629 shares of Ingersoll Rand stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $89.99, for a total transaction of $416,563.71. Following the completion of the sale, the insider now owns 3,829 shares of the company’s stock, valued at approximately $344,571.71. This trade represents a 54.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Elizabeth Meloy Hepding sold 7,500 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 6,559 shares in the company, valued at $599,623.78. This trade represents a 53.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,660 shares of company stock valued at $1,348,834. Company insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

IR has been the subject of a number of research reports. Wolfe Research upgraded Ingersoll Rand to a “hold” rating in a research note on Friday, September 20th. Stifel Nicolaus boosted their target price on shares of Ingersoll Rand from $101.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Robert W. Baird decreased their price target on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Morgan Stanley assumed coverage on shares of Ingersoll Rand in a research report on Friday, September 6th. They issued an “equal weight” rating and a $97.00 price objective for the company. Finally, UBS Group assumed coverage on Ingersoll Rand in a research note on Wednesday. They issued a “buy” rating and a $124.00 target price for the company. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $104.25.

Ingersoll Rand Price Performance

Shares of IR opened at $102.43 on Friday. The company has a market cap of $41.28 billion, a price-to-earnings ratio of 49.97, a PEG ratio of 3.96 and a beta of 1.42. The company’s fifty day simple moving average is $97.83 and its 200 day simple moving average is $94.23. Ingersoll Rand Inc. has a 1-year low of $69.46 and a 1-year high of $105.63. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46.

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 dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.08%. The ex-dividend date of this dividend is Thursday, November 14th. Ingersoll Rand’s dividend payout ratio is presently 3.90%.

About Ingersoll Rand

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.