Teamwork Financial Advisors LLC Makes New Investment in Ingersoll Rand Inc. (NYSE:IR)

Teamwork Financial Advisors LLC bought a new stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 29,072 shares of the industrial products company's stock, valued at approximately $2,854,000.

Other large investors also recently made changes to their positions in the company. Ridgewood Investments LLC acquired a new stake in shares of Ingersoll Rand in the 2nd quarter valued at about $25,000. Headlands Technologies LLC bought a new position in Ingersoll Rand in the 1st quarter valued at about $28,000. Riverview Trust Co bought a new position in Ingersoll Rand in the 1st quarter valued at about $29,000. Kapitalo Investimentos Ltda bought a new position in Ingersoll Rand in the 4th quarter valued at about $28,000. Finally, ESL Trust Services LLC bought a new position in Ingersoll Rand in the 1st quarter valued at about $35,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on IR shares. Morgan Stanley started 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 target on the stock. Barclays raised their price target on shares of Ingersoll Rand from $101.00 to $105.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. Stifel Nicolaus lifted their target price on shares of Ingersoll Rand from $101.00 to $112.00 and gave the stock a "buy" rating in a research report on Wednesday. Wells Fargo & Company lifted their target price on shares of Ingersoll Rand from $100.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, October 7th. Finally, Evercore ISI dropped their target price 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. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $102.17.

Ingersoll Rand Stock Performance

Shares of IR stock traded down $0.63 during trading hours on Friday, hitting $100.40. 1,536,250 shares of the company were exchanged, compared to its average volume of 2,552,932. The firm has a fifty day simple moving average of $93.87 and a 200 day simple moving average of $93.14. The company has a current ratio of 2.18, a quick ratio of 1.52 and a debt-to-equity ratio of 0.47. Ingersoll Rand Inc. has a 52-week low of $59.20 and a 52-week high of $102.74. The stock has a market capitalization of $40.50 billion, a price-to-earnings ratio of 50.26, a P/E/G ratio of 2.72 and a beta of 1.42.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.06. Ingersoll Rand had a net margin of 11.73% and a return on equity of 13.00%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.78 billion. Research analysts predict that Ingersoll Rand Inc. will post 3.22 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 15th were paid a $0.02 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.08 dividend on an annualized basis and a yield of 0.08%. Ingersoll Rand's dividend payout ratio is 3.98%.

Insider Activity at Ingersoll Rand

In related news, insider Vicente Reynal sold 50,000 shares of Ingersoll Rand stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $92.51, for a total value of $4,625,500.00. Following the completion of the transaction, the insider now directly owns 100,367 shares in the company, valued at approximately $9,284,951.17. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Vicente Reynal sold 50,000 shares of the business's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $92.51, for a total transaction of $4,625,500.00. Following the completion of the transaction, the insider now directly owns 100,367 shares in the company, valued at $9,284,951.17. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Elizabeth Meloy Hepding sold 7,500 shares of the business's stock in a transaction 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 transaction, the insider now owns 6,559 shares of the company's stock, valued at $599,623.78. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,510 shares of company stock worth $7,108,005. Corporate insiders own 0.68% of the company's stock.

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.