Ingersoll Rand Inc. (NYSE:IR) Stock Holdings Increased by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC boosted its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 14.5% during the third quarter, HoldingsChannel.com reports. The firm owned 4,583 shares of the industrial products company’s stock after acquiring an additional 582 shares during the period. Integrated Investment Consultants LLC’s holdings in Ingersoll Rand were worth $450,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Ridgewood Investments LLC acquired a new position in Ingersoll Rand in the 2nd quarter worth about $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Ingersoll Rand in the 3rd quarter valued at approximately $34,000. EverSource Wealth Advisors LLC increased its holdings in Ingersoll Rand by 38.5% in the first quarter. EverSource Wealth Advisors LLC now owns 453 shares of the industrial products company’s stock worth $42,000 after buying an additional 126 shares during the last quarter. UMB Bank n.a. raised its position in Ingersoll Rand by 196.8% during the second quarter. UMB Bank n.a. now owns 466 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 309 shares in the last quarter. Finally, Eastern Bank acquired a new stake in Ingersoll Rand in the third quarter valued at approximately $42,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Down 0.1 %

NYSE IR opened at $103.04 on Friday. Ingersoll Rand Inc. has a 1-year low of $69.46 and a 1-year high of $105.63. The company has a market capitalization of $41.53 billion, a price-to-earnings ratio of 50.26, a PEG ratio of 3.88 and a beta of 1.42. The stock’s 50 day moving average is $98.94 and its two-hundred day moving average is $94.54. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid 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 0.08%. Ingersoll Rand’s dividend payout ratio is 3.90%.

Insider Transactions at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 2,531 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total transaction of $246,620.64. Following the completion of the sale, the chief accounting officer now owns 11,910 shares in the company, valued at $1,160,510.40. The trade was a 17.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kathleen M. Keene sold 4,629 shares of the firm’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 approximately $344,571.71. This represents a 54.73 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Morgan Stanley initiated coverage on shares of Ingersoll Rand in a report on Friday, September 6th. They set an “equal weight” rating and a $97.00 price target on the stock. Evercore ISI cut their price objective on Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating on the stock in a research note on Monday, August 19th. Barclays upped their target price on Ingersoll Rand from $101.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Stifel Nicolaus cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $112.00 to $107.00 in a research note on Monday. Finally, UBS Group began coverage on shares of Ingersoll Rand in a research note on Wednesday, November 13th. They issued a “buy” rating and a $124.00 target price on the stock. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $103.83.

Ingersoll Rand Company 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.