One Way Holdings LLC Sells 18,272 Shares of Ingersoll Rand Inc. $IR

Key Points

• One Way Holdings LLC reduced its Ingersoll Rand stake by 7%, selling 18,272 shares and retaining 243,840 shares valued at approximately $18.3 million. Institutional investors collectively own 95.27% of the company.
• Ingersoll Rand reported quarterly EPS of $1.07, beating analyst estimates of $0.90, while revenue rose 5.6% year over year to $2.06 billion.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $95, compared with the stock’s reported price of $80.06. The company also declared a quarterly dividend of $0.02 per share.

One Way Holdings LLC cut its holdings in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 7.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 243,840 shares of the industrial products company's stock after selling 18,272 shares during the period. One Way Holdings LLC owned 0.06% of Ingersoll Rand worth $18,315,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of IR. Bell Investment Advisors Inc bought a new position in Ingersoll Rand in the second quarter valued at approximately $26,000. Continuum Advisory LLC bought a new stake in shares of Ingersoll Rand in the 2nd quarter valued at about $27,000. Axiom Investment Management LLC bought a new position in shares of Ingersoll Rand during the 1st quarter valued at about $37,000. MidFirst Bank bought a new stake in Ingersoll Rand in the 2nd quarter valued at $41,000. Finally, Transamerica Financial Advisors LLC bought a new stake in Ingersoll Rand in the 2nd quarter valued at approximately $42,000. 95.27% of the stock is owned by institutional investors.

Ingersoll Rand Trading Up 0.0%

Shares of Ingersoll Rand stock opened at $80.06 on Monday. Ingersoll Rand Inc. has a 1 year low of $68.07 and a 1 year high of $100.96. The company has a market capitalization of $31.06 billion, a price-to-earnings ratio of 22.55, a P/E/G ratio of 3.32 and a beta of 1.15. The business has a fifty day simple moving average of $76.31 and a two-hundred day simple moving average of $81.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.69 and a quick ratio of 1.24.

Ingersoll Rand (NYSE:IR - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.17. Ingersoll Rand had a return on equity of 13.47% and a net margin of 17.20%. The company had revenue of $2.06 billion during the quarter, compared to analysts' expectations of $2.05 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The business's revenue was up 5.6% on a year-over-year basis. Research analysts forecast that Ingersoll Rand Inc. will post 3.41 EPS for the current year.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 12th will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, November 12th. This represents a $0.08 annualized dividend and a yield of 0.1%. Ingersoll Rand's dividend payout ratio (DPR) is presently 2.25%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Stifel Nicolaus set a $95.00 price objective on shares of Ingersoll Rand in a research note on Monday. Citigroup restated a "buy" rating on shares of Ingersoll Rand in a report on Monday, October 12th. Morgan Stanley set a $87.00 price target on shares of Ingersoll Rand in a research note on Monday, August 10th. Wall Street Zen downgraded shares of Ingersoll Rand from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Finally, Robert W. Baird lowered their price objective on shares of Ingersoll Rand from $109.00 to $107.00 and set an "outperform" rating on the stock in a research note on Monday. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $95.00.

Ingersoll Rand Profile

Ingersoll Rand Inc NYSE: IR is a global provider of mission-critical industrial technologies and solutions. The company designs and manufactures equipment used to manage air, gas, fluids, and other industrial processes, serving customers in manufacturing, energy, food and beverage, life sciences, transportation, and other markets.

Its portfolio includes air compressors, vacuum and blower systems, fluid-handling equipment, pumps, dosing and dispensing systems, and related aftermarket parts and services.

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