First Trust Direct Indexing L.P. Has $915,000 Holdings in Ingersoll Rand Inc. (NYSE:IR)

First Trust Direct Indexing L.P. grew its stake in Ingersoll Rand Inc. (NYSE:IR) by 17.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,321 shares of the industrial products company’s stock after purchasing an additional 1,359 shares during the period. First Trust Direct Indexing L.P.’s holdings in Ingersoll Rand were worth $915,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Andina Capital Management LLC increased its position in shares of Ingersoll Rand by 15.3% during the third quarter. Andina Capital Management LLC now owns 5,990 shares of the industrial products company’s stock valued at $588,000 after purchasing an additional 797 shares during the period. Integrated Advisors Network LLC boosted its stake in Ingersoll Rand by 13.0% during the third quarter. Integrated Advisors Network LLC now owns 14,958 shares of the industrial products company’s stock worth $1,468,000 after buying an additional 1,717 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Ingersoll Rand by 1.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 107,908 shares of the industrial products company’s stock valued at $10,592,000 after buying an additional 1,020 shares during the period. Vivid Wealth Management LLC acquired a new position in shares of Ingersoll Rand in the 3rd quarter valued at $2,185,000. Finally, Cavalier Investments LLC lifted its holdings in shares of Ingersoll Rand by 6.3% during the 3rd quarter. Cavalier Investments LLC now owns 14,058 shares of the industrial products company’s stock worth $1,380,000 after acquiring an additional 828 shares during the period. Institutional investors own 95.27% of the company’s stock.

Insider Buying and Selling at Ingersoll Rand

In other news, insider Andrew R. Schiesl sold 15,381 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $89.74, for a total transaction of $1,380,290.94. Following the completion of the sale, the insider now owns 39,486 shares of the company’s stock, valued at $3,543,473.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Ingersoll Rand news, insider Elizabeth Meloy Hepding sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $91.42, for a total value of $685,650.00. Following the sale, the insider now owns 6,559 shares in the company, valued at approximately $599,623.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Andrew R. Schiesl sold 15,381 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $89.74, for a total transaction of $1,380,290.94. Following the transaction, the insider now directly owns 39,486 shares of the company’s stock, valued at $3,543,473.64. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,510 shares of company stock valued at $7,108,005. 0.68% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on IR. Wolfe Research raised shares of Ingersoll Rand to a “hold” rating in a research report on Friday, September 20th. Stifel Nicolaus raised their price objective on shares of Ingersoll Rand from $101.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Morgan Stanley initiated coverage on Ingersoll Rand in a research report on Friday, September 6th. They set an “equal weight” rating and a $97.00 target price for the company. Barclays boosted their price target on shares of Ingersoll Rand from $101.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company raised their price objective on shares of Ingersoll Rand from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.17.

Ingersoll Rand Price Performance

Shares of IR stock opened at $93.97 on Friday. The firm has a market capitalization of $37.92 billion, a price-to-earnings ratio of 46.52, a price-to-earnings-growth ratio of 2.66 and a beta of 1.42. Ingersoll Rand Inc. has a 12-month low of $62.12 and a 12-month high of $102.74. The company has a quick ratio of 1.52, a current ratio of 2.18 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average of $95.32 and a 200-day moving average of $93.46.

Ingersoll Rand (NYSE:IR) last announced 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 return on equity of 13.00% and a net margin of 11.73%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.78 billion. On average, equities research analysts forecast that Ingersoll Rand Inc. will post 3.21 earnings per share for the current year.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.08 annualized dividend and a yield of 0.09%. Ingersoll Rand’s dividend payout ratio (DPR) is currently 3.96%.

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.