Ingersoll Rand Inc. (NYSE:IR) Shares Bought by Pathstone Holdings LLC

Pathstone Holdings LLC lifted its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,760 shares of the industrial products company’s stock after acquiring an additional 1,171 shares during the period. Pathstone Holdings LLC’s holdings in Ingersoll Rand were worth $3,216,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in IR. Strengthening Families & Communities LLC lifted its holdings in Ingersoll Rand by 10.1% in the third quarter. Strengthening Families & Communities LLC now owns 18,793 shares of the industrial products company’s stock worth $1,845,000 after acquiring an additional 1,720 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Ingersoll Rand by 7.8% in the 3rd quarter. Empowered Funds LLC now owns 6,416 shares of the industrial products company’s stock worth $630,000 after purchasing an additional 463 shares during the last quarter. Empirical Finance LLC grew its stake in Ingersoll Rand by 2.3% during the 3rd quarter. Empirical Finance LLC now owns 13,057 shares of the industrial products company’s stock worth $1,282,000 after buying an additional 296 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new position in Ingersoll Rand during the 3rd quarter worth $267,000. Finally, CIBC Asset Management Inc increased its position in Ingersoll Rand by 8.3% in the third quarter. CIBC Asset Management Inc now owns 58,875 shares of the industrial products company’s stock worth $5,779,000 after buying an additional 4,503 shares during the period. 95.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Ingersoll Rand news, insider Kathleen M. Keene sold 4,629 shares of the firm’s stock in a transaction dated 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. This trade represents a 54.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Michael J. Scheske sold 2,531 shares of Ingersoll Rand stock in a transaction that occurred on Tuesday, November 5th. The stock was 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 directly owns 11,910 shares in the company, valued at approximately $1,160,510.40. This trade represents a 17.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Ingersoll Rand Trading Up 0.9 %

Shares of IR stock opened at $104.00 on Monday. The stock has a 50-day simple moving average of $99.20 and a 200 day simple moving average of $94.71. The stock has a market capitalization of $41.91 billion, a P/E ratio of 50.73, a P/E/G ratio of 3.91 and a beta of 1.42. Ingersoll Rand Inc. has a fifty-two week low of $69.46 and a fifty-two 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.

Ingersoll Rand Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Robert W. Baird lowered their price target on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Wells Fargo & Company upped their target price on shares of Ingersoll Rand from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Wolfe Research raised Ingersoll Rand to a “hold” rating in a report on Friday, September 20th. Evercore ISI decreased their price objective on Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating for the company in a report on Monday, August 19th. Finally, Stifel Nicolaus downgraded Ingersoll Rand from a “buy” rating to a “hold” rating and cut their target price for the company from $112.00 to $107.00 in a research note on Monday, November 18th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ingersoll Rand currently has an average rating of “Moderate Buy” and a consensus price target of $103.83.

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.