Janus Henderson Group PLC Cuts Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Janus Henderson Group PLC reduced its holdings in Ingersoll Rand Inc. (NYSE:IR) by 0.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,467,511 shares of the industrial products company’s stock after selling 3,657 shares during the quarter. Janus Henderson Group PLC owned 1.36% of Ingersoll Rand worth $536,691,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Ridgewood Investments LLC bought a new stake in Ingersoll Rand during the second quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Ingersoll Rand during the 3rd quarter worth about $34,000. EverSource Wealth Advisors LLC increased its holdings in shares of Ingersoll Rand by 38.5% during the 1st 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. increased its position in shares of Ingersoll Rand by 196.8% during the second quarter. UMB Bank n.a. now owns 466 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 309 shares during the period. Finally, Eastern Bank acquired a new position in Ingersoll Rand in the third quarter valued at $42,000. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Michael J. Scheske sold 2,531 shares of Ingersoll Rand stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total value of $246,620.64. Following the transaction, the chief accounting officer now directly owns 11,910 shares of the company’s stock, valued at $1,160,510.40. The trade was a 17.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

IR has been the topic of several analyst reports. Robert W. Baird dropped their price target on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Morgan Stanley began coverage on shares of Ingersoll Rand in a report on Friday, September 6th. They issued an “equal weight” rating and a $97.00 target price on the stock. Cfra increased their price target on shares of Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Evercore ISI reduced their price objective on shares of Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating for the company in a research report on Monday, August 19th. Finally, UBS Group began coverage on Ingersoll Rand in a research note on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Ingersoll Rand has an average rating of “Moderate Buy” and an average target price of $103.83.

Ingersoll Rand Stock Performance

Shares of IR opened at $105.12 on Tuesday. The stock has a market capitalization of $42.36 billion, a price-to-earnings ratio of 51.28, a PEG ratio of 3.95 and a beta of 1.42. The firm has a fifty day simple moving average of $100.18 and a 200 day simple moving average of $95.17. Ingersoll Rand Inc. has a 12 month low of $71.21 and a 12 month high of $106.03. 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 business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.08%. The ex-dividend date of this dividend is Thursday, November 14th. Ingersoll Rand’s dividend payout ratio is presently 3.90%.

About Ingersoll Rand

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.