Ingersoll Rand Inc. (NYSE:IR) Shares Sold by Barclays PLC

Barclays PLC reduced its stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 17.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 804,949 shares of the industrial products company's stock after selling 173,465 shares during the quarter. Barclays PLC owned 0.20% of Ingersoll Rand worth $79,014,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its stake in shares of Ingersoll Rand by 10.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,489 shares of the industrial products company's stock worth $408,000 after acquiring an additional 426 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Ingersoll Rand by 11.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,327 shares of the industrial products company's stock worth $1,483,000 after purchasing an additional 1,697 shares in the last quarter. ORG Partners LLC acquired a new stake in Ingersoll Rand in the second quarter valued at approximately $81,000. Envestnet Portfolio Solutions Inc. increased its position in shares of Ingersoll Rand by 10.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,913 shares of the industrial products company's stock valued at $628,000 after buying an additional 645 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new position in shares of Ingersoll Rand during the 2nd quarter worth approximately $207,000. 95.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Cfra lifted 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. Morgan Stanley assumed coverage on shares of Ingersoll Rand in a research note on Friday, September 6th. They set an "equal weight" rating and a $97.00 target price for the company. Wells Fargo & Company raised their price target on shares of Ingersoll Rand from $100.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, October 7th. Citigroup boosted their price objective on Ingersoll Rand from $112.00 to $119.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Evercore ISI lowered their price target on Ingersoll Rand from $93.00 to $88.00 and set an "in-line" rating on the stock in a research note on Monday, August 19th. Seven 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, the company currently has an average rating of "Moderate Buy" and an average target price of $107.67.

Insiders Place Their Bets

In other news, CAO Michael J. Scheske sold 2,531 shares of the company's stock in a transaction on Tuesday, November 5th. The stock was 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 of the company's stock, valued at $1,160,510.40. This represents a 17.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.68% of the stock is owned by insiders.

Ingersoll Rand Trading Down 0.3 %

NYSE:IR traded down $0.26 during trading hours on Thursday, hitting $101.42. The company had a trading volume of 1,201,942 shares, compared to its average volume of 2,473,955. Ingersoll Rand Inc. has a 1 year low of $73.52 and a 1 year high of $106.03. The company has a market cap of $40.87 billion, a P/E ratio of 49.49, a P/E/G ratio of 3.88 and a beta of 1.42. The company has a 50-day moving average of $101.05 and a 200 day moving average of $95.65. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46.

Ingersoll Rand Dividend Announcement

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

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.