American Century Companies Inc. owns $6.88M holdings in Ingersoll Rand Inc. (NYSE:IR)

American Century Companies Inc. increased its position in shares of Ingersoll Rand Inc. (NYSE:IR – Free Report) by 32.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,719 shares of the industrial products company’s stock after purchasing an additional 18,449 shares during the quarter. Holdings of American Century Companies Inc. in Ingersoll Rand were worth $6,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Ridgewood Investments LLC purchased a new stake in Ingersoll Rand in the second quarter valued at approximately $25,000. Kapitalo Investimentos Ltda bought a new stake in Ingersoll Rand in the fourth quarter valued at $28,000. Headlands Technologies LLC bought a new stake in Ingersoll Rand in the 1st quarter worth $28,000. Riverview Trust Co acquired a new position in Ingersoll Rand in the 1st quarter worth $29,000. Finally, Scarborough Advisors LLC purchased a new stake in shares of Ingersoll Rand in the fourth quarter valued at approximately $32,000. Institutional investors own 95.27% of the company’s shares.

The Wall Street analyst weighs in

A number of research analysts recently commented on IR shares. Wells Fargo & Company cut their price objective on Ingersoll Rand from $102.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Stifel Nicolaus raised their target price on shares of Ingersoll Rand from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Cfra reaffirmed a “hold” rating and set a $85.00 price objective on shares of Ingersoll Rand in a report on Friday, August 2nd. Barclays decreased their target price on shares of Ingersoll Rand from $106.00 to $101.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Finally, Robert W. Baird upped their target price on shares of Ingersoll Rand from $109.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, 2 August. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Ingersoll Rand presently has a consensus rating of “Moderate Buy” and an average price target of $100.00, according to MarketBeat.com.

See the latest stock analysis on IR

Ingersoll Rand stocks rose 0.7%

NYSE IR opened at $97.47 on Tuesday. Ingersoll Rand Inc. it has a 12-month low of $59.20 and a 12-month high of $101.30. The stock has a market cap of $39.32 billion, a PE ratio of 48.49, a PEG ratio of 2.53 and a beta of 1.42. The firm has a 50-day simple moving average of $92.44 and a 200-day simple moving average of $92.32. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.52, and a current ratio of 2.18.

Ingersoll Rand (NYSE:IR – Get Your Free Report ) last announced its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.06. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.78 billion. Ingersoll Rand had a return on equity of 13.00% and a net margin of 11.73%. On average, research analysts expect that Ingersoll Rand Inc. will post 3.21 EPS for the current year.

Ingersoll Rand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were paid a $0.02 dividend. This represents a dividend of $0.08 on an annualized basis and a dividend yield of 0.08%. The ex-dividend date of this dividend was Thursday, August 15. Ingersoll Rand’s dividend yield is 3.98%.

Insider Trading at Ingersoll Rand

In other news, insider Vicente Reynal sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $92.51, for a total value of $4,625,500.00. Following the sale, the insider now directly owns 100,367 shares in the company, valued at approximately $9,284,951.17. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. In related news, insider Kathleen M. Keene sold 4,629 shares of Ingersoll Rand stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $89.99, for a total transaction of $416,563.71. Following the completion of the transaction, the insider now directly owns 3,829 shares of the company’s stock, valued at approximately $344,571.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, insider Vicente Reynal sold 50,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $92.51, for a total transaction of $4,625,500.00. Following the sale, the insider now directly owns 100,367 shares in the company, valued at $9,284,951.17. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,510 shares of company stock worth $7,108,005. Company insiders own 0.68% of the company’s shares.

About Ingersoll Rand

(Free Report)

Ingersoll Rand Inc provides various services and solutions to create the flow of air, gases, liquids and solids for critical missions worldwide. It operates through two segments, Industrial Technologies and Services and Precision Technologies and Science. 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 parts, supplies, air handling equipment, controls, other accessories and services under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle, etc. brands.

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