Ingersoll Rand Inc. (NYSE:IR) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lowered its position in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 46.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,246 shares of the industrial products company's stock after selling 3,664 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Ingersoll Rand were worth $340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Global Wealth Strategies & Associates boosted its stake in shares of Ingersoll Rand by 325.0% during the first quarter. Global Wealth Strategies & Associates now owns 374 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 286 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in shares of Ingersoll Rand during the fourth quarter valued at approximately $36,000. Lee Danner & Bass Inc. bought a new position in shares of Ingersoll Rand during the fourth quarter valued at approximately $42,000. Golden State Wealth Management LLC raised its holdings in shares of Ingersoll Rand by 190.9% during the first quarter. Golden State Wealth Management LLC now owns 477 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 313 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. raised its holdings in shares of Ingersoll Rand by 54.4% during the first quarter. Farmers & Merchants Investments Inc. now owns 488 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 172 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company's stock.

Insider Buying and Selling

In other Ingersoll Rand news, insider Elizabeth Meloy Hepding sold 3,500 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $83.78, for a total transaction of $293,230.00. Following the transaction, the insider owned 10,986 shares in the company, valued at approximately $920,407.08. This represents a 24.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Vicente Reynal sold 38,657 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $83.03, for a total value of $3,209,690.71. Following the completion of the transaction, the insider owned 193,186 shares in the company, valued at approximately $16,040,233.58. This trade represents a 16.67% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.59% of the company's stock.

Ingersoll Rand Stock Up 0.4%

NYSE:IR traded up $0.32 during mid-day trading on Friday, hitting $89.01. 2,286,802 shares of the company's stock traded hands, compared to its average volume of 2,588,358. The company has a fifty day moving average of $82.83 and a 200 day moving average of $83.29. Ingersoll Rand Inc. has a twelve month low of $65.61 and a twelve month high of $106.03. The company has a market capitalization of $35.91 billion, a P/E ratio of 44.06, a P/E/G ratio of 3.76 and a beta of 1.43. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.76 and a current ratio of 2.38.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.02). Ingersoll Rand had a net margin of 11.30% and a return on equity of 12.33%. The firm had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.73 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The firm's revenue for the quarter was up 2.8% compared to the same quarter last year. On average, analysts forecast that Ingersoll Rand Inc. will post 3.32 EPS for the current year.

Ingersoll Rand announced that its Board of Directors has authorized a share buyback plan on Thursday, May 1st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to purchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th were paid a $0.02 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. Ingersoll Rand's payout ratio is 3.96%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on IR shares. Wells Fargo & Company increased their price objective on Ingersoll Rand from $86.00 to $95.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Barclays raised their target price on Ingersoll Rand from $85.00 to $92.00 and gave the stock an "overweight" rating in a research report on Wednesday. Stifel Nicolaus dropped their target price on Ingersoll Rand from $94.00 to $77.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Finally, Citigroup raised their target price on Ingersoll Rand from $88.00 to $91.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Ingersoll Rand has an average rating of "Moderate Buy" and a consensus price target of $99.40.

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.