Barclays PLC Has $14.98 Million Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Barclays PLC lifted its holdings in shares of Ingersoll Rand Inc. (NYSE:IRGet Rating) by 30.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 346,149 shares of the industrial products company’s stock after purchasing an additional 80,832 shares during the quarter. Barclays PLC owned approximately 0.09% of Ingersoll Rand worth $14,975,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of IR. Parkside Financial Bank & Trust lifted its holdings in shares of Ingersoll Rand by 87.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 705 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 328 shares during the period. Trust Co. of Vermont acquired a new stake in shares of Ingersoll Rand in the second quarter valued at approximately $31,000. CoreCap Advisors LLC acquired a new position in Ingersoll Rand during the second quarter worth $33,000. Clear Street Markets LLC increased its holdings in shares of Ingersoll Rand by 406.0% in the second quarter. Clear Street Markets LLC now owns 850 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 682 shares during the last quarter. Finally, Desjardins Global Asset Management Inc. bought a new stake in shares of Ingersoll Rand in the second quarter valued at about $41,000. 99.73% of the stock is owned by institutional investors.

Insider Activity at Ingersoll Rand

In related news, CAO Michael J. Scheske sold 1,742 shares of the stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $57.00, for a total value of $99,294.00. Following the transaction, the chief accounting officer now owns 7,112 shares of the company’s stock, valued at $405,384. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Ingersoll Rand news, CAO Michael J. Scheske sold 1,742 shares of the firm’s stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $57.00, for a total transaction of $99,294.00. Following the transaction, the chief accounting officer now owns 7,112 shares of the company’s stock, valued at $405,384. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Andrew R. Schiesl sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $52.00, for a total value of $520,000.00. Following the transaction, the insider now directly owns 70,928 shares in the company, valued at approximately $3,688,256. The disclosure for this sale can be found here. Insiders have sold 24,378 shares of company stock valued at $1,289,969 over the last quarter. 0.75% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Ingersoll Rand in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Morgan Stanley lifted their price target on Ingersoll Rand from $53.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, November 4th. Stifel Nicolaus upped their price target on Ingersoll Rand from $58.00 to $60.00 and gave the stock a “hold” rating in a research note on Friday, January 20th. Citigroup boosted their target price on Ingersoll Rand from $57.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, December 9th. Finally, Wells Fargo & Company increased their target price on Ingersoll Rand from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Thursday, January 19th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.50.

Ingersoll Rand Trading Up 0.9 %

IR opened at $56.38 on Wednesday. Ingersoll Rand Inc. has a one year low of $39.28 and a one year high of $57.77. The stock has a market capitalization of $22.83 billion, a PE ratio of 33.96 and a beta of 1.43. The business’s 50 day moving average price is $53.97 and its 200 day moving average price is $50.11. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.79 and a current ratio of 2.46.

Ingersoll Rand (NYSE:IRGet Rating) last released its quarterly earnings results on Wednesday, November 2nd. The industrial products company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Ingersoll Rand had a return on equity of 9.81% and a net margin of 11.91%. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.45 billion. As a group, equities research analysts expect that Ingersoll Rand Inc. will post 2.12 EPS for the current year.

Ingersoll Rand Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 16th. Stockholders of record on Wednesday, November 16th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.14%. The ex-dividend date was Tuesday, November 15th. Ingersoll Rand’s payout ratio is currently 4.82%.

About Ingersoll Rand

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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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