Ingersoll Rand Inc. (NYSE:IR) Shares Bought by Consilium Wealth Advisory LLC

Consilium Wealth Advisory LLC grew its stake in Ingersoll Rand Inc. (NYSE:IR) by 25.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,066 shares of the industrial products company’s stock after purchasing an additional 3,666 shares during the quarter. Ingersoll Rand makes up approximately 1.0% of Consilium Wealth Advisory LLC’s holdings, making the stock its 24th biggest holding. Consilium Wealth Advisory LLC’s holdings in Ingersoll Rand were worth $1,773,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Ridgewood Investments LLC bought a new position in Ingersoll Rand during the second quarter worth $25,000. Headlands Technologies LLC acquired a new stake in shares of Ingersoll Rand during the first quarter worth $28,000. ESL Trust Services LLC bought a new position in shares of Ingersoll Rand in the 1st quarter worth about $35,000. EverSource Wealth Advisors LLC boosted 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 valued at $42,000 after buying an additional 126 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of Ingersoll Rand by 196.8% in the 2nd quarter. UMB Bank n.a. now owns 466 shares of the industrial products company’s stock valued at $42,000 after buying an additional 309 shares during the period. Institutional investors own 95.27% of the company’s stock.

Insiders Place Their Bets

In other news, insider Kathleen M. Keene sold 4,629 shares of the firm’s 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 directly owns 3,829 shares of the company’s stock, valued at $344,571.71. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Ingersoll Rand news, insider Andrew R. Schiesl sold 15,381 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 39,486 shares in the company, valued at approximately $3,543,473.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kathleen M. Keene sold 4,629 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $89.99, for a total value of $416,563.71. Following the completion of the transaction, the insider now owns 3,829 shares in the company, valued at $344,571.71. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,510 shares of company stock worth $7,108,005. 0.68% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on IR. Barclays increased their price objective 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. Evercore ISI dropped their price target on 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. Stifel Nicolaus boosted their price objective on Ingersoll Rand from $101.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Cfra increased their target price on Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Finally, Morgan Stanley started coverage on Ingersoll Rand in a research note on Friday, September 6th. They issued an “equal weight” rating and a $97.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $101.67.

Ingersoll Rand Price Performance

Shares of NYSE:IR traded up $5.09 during trading hours on Wednesday, hitting $102.79. 670,982 shares of the company’s stock traded hands, compared to its average volume of 2,531,384. The company’s fifty day simple moving average is $95.54 and its two-hundred day simple moving average is $93.61. The company has a market cap of $41.47 billion, a price-to-earnings ratio of 47.66, a price-to-earnings-growth ratio of 2.57 and a beta of 1.42. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36. Ingersoll Rand Inc. has a 52 week low of $64.60 and a 52 week high of $103.21.

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given a $0.02 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.08 annualized dividend and a yield of 0.08%. Ingersoll Rand’s dividend payout ratio (DPR) is 3.90%.

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.