Ingersoll Rand Inc. (NYSE:IR) Shares Sold by Quantitative Systematic Strategies LLC

Quantitative Systematic Strategies LLC trimmed its holdings in Ingersoll Rand Inc. (NYSE:IR) by 27.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,179 shares of the industrial products company’s stock after selling 3,116 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Ingersoll Rand were worth $399,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of IR. Victory Capital Management Inc. boosted its stake in Ingersoll Rand by 0.9% in the 1st quarter. Victory Capital Management Inc. now owns 131,992 shares of the industrial products company’s stock worth $6,495,000 after buying an additional 1,155 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Ingersoll Rand by 4.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 180,485 shares of the industrial products company’s stock worth $8,882,000 after buying an additional 7,909 shares during the last quarter. Arizona State Retirement System boosted its stake in Ingersoll Rand by 0.7% in the 1st quarter. Arizona State Retirement System now owns 102,357 shares of the industrial products company’s stock worth $5,037,000 after buying an additional 704 shares during the last quarter. IndexIQ Advisors LLC lifted its stake in shares of Ingersoll Rand by 14.5% in the 1st quarter. IndexIQ Advisors LLC now owns 5,950 shares of the industrial products company’s stock valued at $293,000 after purchasing an additional 754 shares in the last quarter. Finally, Swiss National Bank lifted its stake in shares of Ingersoll Rand by 1.8% in the 1st quarter. Swiss National Bank now owns 1,363,236 shares of the industrial products company’s stock valued at $67,085,000 after purchasing an additional 23,500 shares in the last quarter. 95.51% of the stock is currently owned by hedge funds and other institutional investors.

In other Ingersoll Rand news, insider Gary E. Gillespie sold 54,975 shares of the business’s stock in a transaction on Friday, August 27th. The stock was sold at an average price of $52.88, for a total transaction of $2,907,078.00. Following the completion of the transaction, the insider now owns 75,014 shares in the company, valued at approximately $3,966,740.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Vicente Reynal sold 30,000 shares of the business’s stock in a transaction on Friday, September 10th. The stock was sold at an average price of $55.00, for a total value of $1,650,000.00. Following the transaction, the insider now owns 108,427 shares of the company’s stock, valued at approximately $5,963,485. The disclosure for this sale can be found here. Insiders have sold a total of 129,975 shares of company stock valued at $6,847,128 in the last 90 days. Insiders own 0.69% of the company’s stock.

Shares of NYSE IR opened at $52.90 on Thursday. Ingersoll Rand Inc. has a twelve month low of $34.20 and a twelve month high of $55.62. The company has a current ratio of 3.13, a quick ratio of 2.70 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $22.23 billion, a price-to-earnings ratio of 68.70 and a beta of 1.52. The business has a 50 day simple moving average of $51.16 and a 200-day simple moving average of $49.80.

Ingersoll Rand (NYSE:IR) last issued its quarterly earnings results on Wednesday, July 28th. The industrial products company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.49. Ingersoll Rand had a return on equity of 5.12% and a net margin of 5.91%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.19 billion. As a group, equities analysts predict that Ingersoll Rand Inc. will post 1.74 earnings per share for the current year.

Several equities research analysts recently commented on the company. Credit Suisse Group raised their target price on Ingersoll Rand from $51.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, July 30th. Citigroup assumed coverage on Ingersoll Rand in a report on Friday, September 3rd. They set a “buy” rating and a $62.00 target price on the stock. Vertical Research upgraded Ingersoll Rand from a “hold” rating to a “buy” rating and raised their target price for the company from $52.00 to $54.00 in a report on Thursday, June 17th. Morgan Stanley assumed coverage on Ingersoll Rand in a report on Friday, September 10th. They set an “overweight” rating and a $60.00 target price on the stock. Finally, The Goldman Sachs Group upgraded Ingersoll Rand from a “neutral” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Tuesday, July 6th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $59.13.

Ingersoll Rand Profile

Ingersoll Rand, Inc provides a broad range of mission critical air, fluid, energy, specialty vehicle and medical technologies, providing services and solutions to increase industrial productivity and efficiency. It operates through the following segments: Industrial Technologies and Services, Precision and Science Technologies, High Pressure Solutions, and Specialty Vehicle Technologies.

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Institutional Ownership by Quarter for Ingersoll Rand (NYSE:IR)

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