QRG Capital Management Inc. Buys 509 Shares of Ingersoll Rand Inc. (NYSE:IR)

QRG Capital Management Inc. increased its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 8.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 6,381 shares of the industrial products company’s stock after acquiring an additional 509 shares during the quarter. QRG Capital Management Inc.’s holdings in Ingersoll Rand were worth $626,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of IR. Asset Management One Co. Ltd. lifted its holdings in shares of Ingersoll Rand by 2.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 198,218 shares of the industrial products company’s stock worth $19,457,000 after acquiring an additional 5,128 shares during the period. National Pension Service raised its position in Ingersoll Rand by 1.9% during the third quarter. National Pension Service now owns 535,883 shares of the industrial products company’s stock valued at $52,602,000 after purchasing an additional 9,813 shares in the last quarter. Old North State Wealth Management LLC lifted its stake in Ingersoll Rand by 5.7% during the third quarter. Old North State Wealth Management LLC now owns 2,860 shares of the industrial products company’s stock worth $281,000 after purchasing an additional 155 shares during the last quarter. Kanawha Capital Management LLC boosted its holdings in shares of Ingersoll Rand by 2.4% in the 3rd quarter. Kanawha Capital Management LLC now owns 5,096 shares of the industrial products company’s stock valued at $500,000 after purchasing an additional 119 shares in the last quarter. Finally, TrueWealth Advisors LLC bought a new position in shares of Ingersoll Rand in the 3rd quarter valued at $342,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand news, insider Vicente Reynal sold 50,000 shares of the 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 completion of the sale, the insider now directly owns 100,367 shares in the company, valued at approximately $9,284,951.17. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of the firm’s 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 completion of the sale, the chief accounting officer now directly owns 11,910 shares in the company, valued at approximately $1,160,510.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Vicente Reynal sold 50,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $92.51, for a total transaction of $4,625,500.00. Following the transaction, the insider now owns 100,367 shares in the company, valued at $9,284,951.17. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,660 shares of company stock worth $5,974,334. Company insiders own 0.68% of the company’s stock.

Ingersoll Rand Trading Down 0.9 %

Shares of IR stock opened at $102.61 on Friday. Ingersoll Rand Inc. has a 1-year low of $66.30 and a 1-year high of $103.96. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The stock has a market cap of $41.35 billion, a price-to-earnings ratio of 50.05, a PEG ratio of 3.90 and a beta of 1.42. The stock has a 50-day moving average of $96.29 and a 200-day moving average of $93.84.

Ingersoll Rand Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.02 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.08 annualized dividend and a yield of 0.08%. Ingersoll Rand’s payout ratio is 3.90%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wells Fargo & Company upped their price objective on Ingersoll Rand from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Cfra raised their price target on shares of Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Barclays lifted their price target on shares of Ingersoll Rand from $101.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Wolfe Research upgraded shares of Ingersoll Rand to a “hold” rating in a research report on Friday, September 20th. Finally, Stifel Nicolaus upped their price target on shares of Ingersoll Rand from $101.00 to $112.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $101.67.

Ingersoll Rand 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.