B. Metzler seel. Sohn & Co. Holding AG Purchases New Stake in Ingersoll Rand Inc. (NYSE:IR)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Ingersoll Rand Inc. (NYSE:IR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 23,279 shares of the industrial products company’s stock, valued at approximately $2,285,000.

Other large investors also recently made changes to their positions in the company. Ridgewood Investments LLC acquired a new position in shares of Ingersoll Rand during the 2nd quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Ingersoll Rand during the third quarter worth about $34,000. EverSource Wealth Advisors LLC boosted 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 buying an additional 126 shares during the period. UMB Bank n.a. grew its stake in shares of Ingersoll Rand by 196.8% in the second quarter. UMB Bank n.a. now owns 466 shares of the industrial products company’s stock valued at $42,000 after buying an additional 309 shares in the last quarter. Finally, Eastern Bank purchased a new stake in shares of Ingersoll Rand during the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

NYSE:IR opened at $103.04 on Friday. Ingersoll Rand Inc. has a 52-week low of $69.46 and a 52-week high of $105.63. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46. The firm has a market cap of $41.53 billion, a P/E ratio of 50.26, a PEG ratio of 3.88 and a beta of 1.42. The business’s 50-day moving average price is $98.94 and its 200 day moving average price is $94.54.

Ingersoll Rand Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on IR shares. Wells Fargo & Company upped their price target on Ingersoll Rand from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Stifel Nicolaus cut Ingersoll Rand from a “buy” rating to a “hold” rating and reduced their target price for the company from $112.00 to $107.00 in a research note on Monday. Cfra lifted their price target on shares of Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. UBS Group assumed 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. Finally, Morgan Stanley began coverage on Ingersoll Rand in a report on Friday, September 6th. They issued an “equal weight” rating and a $97.00 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 company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $103.83.

Insider Activity

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total transaction of $246,620.64. Following the transaction, the chief accounting officer now directly owns 11,910 shares in the company, valued at $1,160,510.40. This trade represents a 17.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kathleen M. Keene sold 4,629 shares of the firm’s stock in a transaction that occurred on 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 directly owns 3,829 shares in the company, valued at $344,571.71. The trade was a 54.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.

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.