Ingersoll Rand Inc. (NYSE:IR) Shares Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 41.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,475 shares of the industrial products company’s stock after purchasing an additional 1,012 shares during the period. Concurrent Investment Advisors LLC’s holdings in Ingersoll Rand were worth $341,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Ridgewood Investments LLC acquired a new stake in shares of Ingersoll Rand during the 2nd quarter valued at $25,000. Headlands Technologies LLC purchased a new position in Ingersoll Rand in the 1st quarter worth about $28,000. ESL Trust Services LLC acquired a new stake in Ingersoll Rand during the 1st quarter worth about $35,000. Eastern Bank acquired a new position in shares of Ingersoll Rand in the third quarter worth about $42,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of 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 acquiring an additional 126 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors.

Insider Transactions at Ingersoll Rand

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 owns 11,910 shares in the company, valued at $1,160,510.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CAO Michael J. Scheske sold 2,531 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total transaction of $246,620.64. Following the completion of the transaction, the chief accounting officer now owns 11,910 shares of the company’s stock, valued at approximately $1,160,510.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Vicente Reynal sold 50,000 shares of Ingersoll Rand stock in a transaction on 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 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. Over the last three months, insiders sold 64,660 shares of company stock worth $5,974,334. 0.68% of the stock is owned by insiders.

Ingersoll Rand Stock Down 0.9 %

IR stock opened at $102.61 on Monday. Ingersoll Rand Inc. has a 1 year low of $66.30 and a 1 year high of $103.96. The company has a fifty day simple moving average of $96.29 and a 200 day simple moving average of $93.86. 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 firm has a market cap of $41.35 billion, a PE ratio of 50.05, a PEG ratio of 3.90 and a beta of 1.42.

Ingersoll Rand Dividend Announcement

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 issued a $0.02 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.08 annualized dividend and a yield of 0.08%. Ingersoll Rand’s dividend payout ratio (DPR) is currently 3.90%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on IR. Evercore ISI reduced their price target 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. Robert W. Baird dropped their price target on Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Barclays lifted their target price on Ingersoll Rand from $101.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Stifel Nicolaus raised 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. Finally, Cfra upped their price objective 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. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $101.67.

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.