Eagle Asset Management Inc. Purchases 953 Shares of Ingersoll Rand Inc. (NYSE:IR)

Eagle Asset Management Inc. increased its holdings in Ingersoll Rand Inc. (NYSE:IR) by 3.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,520 shares of the industrial products company’s stock after purchasing an additional 953 shares during the period. Eagle Asset Management Inc.’s holdings in Ingersoll Rand were worth $3,132,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Swedbank AB bought a new position in shares of Ingersoll Rand during the 1st quarter valued at approximately $55,310,000. International Assets Investment Management LLC increased its position in Ingersoll Rand by 9,681.5% during the third quarter. International Assets Investment Management LLC now owns 360,349 shares of the industrial products company’s stock valued at $353,720,000 after acquiring an additional 356,665 shares during the last quarter. Ensign Peak Advisors Inc raised its stake in shares of Ingersoll Rand by 20.8% in the second quarter. Ensign Peak Advisors Inc now owns 1,454,956 shares of the industrial products company’s stock valued at $132,168,000 after acquiring an additional 250,712 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Ingersoll Rand by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,462,558 shares of the industrial products company’s stock worth $314,549,000 after acquiring an additional 224,463 shares during the last quarter. Finally, Robeco Schweiz AG boosted its stake in shares of Ingersoll Rand by 52.8% during the 2nd quarter. Robeco Schweiz AG now owns 521,365 shares of the industrial products company’s stock worth $47,361,000 after purchasing an additional 180,168 shares during the period. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Up 1.3 %

Ingersoll Rand stock opened at $105.36 on Tuesday. Ingersoll Rand Inc. has a twelve month low of $69.46 and a twelve month high of $106.03. The business has a fifty day moving average of $99.49 and a two-hundred day moving average of $94.81. The firm has a market cap of $42.46 billion, a P/E ratio of 51.40, a P/E/G ratio of 3.95 and a beta of 1.42. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46.

Ingersoll Rand Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have issued reports on IR. Morgan Stanley initiated coverage on shares of Ingersoll Rand in a research note on Friday, September 6th. They issued an “equal weight” rating and a $97.00 price objective for the company. Barclays boosted their price objective on Ingersoll Rand from $101.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Stifel Nicolaus lowered Ingersoll Rand from a “buy” rating to a “hold” rating and reduced their target price for the stock from $112.00 to $107.00 in a research note on Monday, November 18th. Wolfe Research raised shares of Ingersoll Rand to a “hold” rating in a research note on Friday, September 20th. Finally, Cfra raised 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. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $103.83.

Insider Buying and Selling at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 2,531 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total value of $246,620.64. Following 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 17.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.68% of the stock is owned by 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.