Benjamin Edwards Inc. Makes New $1.13 Million Investment in Ingersoll Rand Inc. (NYSE:IR)

Benjamin Edwards Inc. acquired a new position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,547 shares of the industrial products company's stock, valued at approximately $1,133,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IR. Cetera Advisors LLC lifted its position in shares of Ingersoll Rand by 42.0% during the 1st quarter. Cetera Advisors LLC now owns 7,819 shares of the industrial products company's stock valued at $742,000 after acquiring an additional 2,312 shares during the period. CWM LLC boosted its position in Ingersoll Rand by 4.1% during the second quarter. CWM LLC now owns 11,588 shares of the industrial products company's stock worth $1,053,000 after purchasing an additional 459 shares in the last quarter. Simplicity Wealth LLC boosted its position in Ingersoll Rand by 29.2% during the second quarter. Simplicity Wealth LLC now owns 7,856 shares of the industrial products company's stock worth $714,000 after purchasing an additional 1,776 shares in the last quarter. QRG Capital Management Inc. grew its holdings in Ingersoll Rand by 7.9% in the second quarter. QRG Capital Management Inc. now owns 5,872 shares of the industrial products company's stock valued at $533,000 after purchasing an additional 429 shares during the last quarter. Finally, Czech National Bank increased its position in shares of Ingersoll Rand by 7.8% in the second quarter. Czech National Bank now owns 76,837 shares of the industrial products company's stock valued at $6,980,000 after buying an additional 5,587 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company's stock.

Analyst Upgrades and Downgrades

IR has been the topic of a number of research reports. Wells Fargo & Company increased their price objective 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. Cfra raised their price objective 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. Evercore ISI reduced their target price 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. Wolfe Research upgraded Ingersoll Rand to a "hold" rating in a report on Friday, September 20th. 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 target for the company. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Ingersoll Rand has an average rating of "Moderate Buy" and an average price target of $105.08.

Ingersoll Rand Trading Down 0.7 %

IR traded down $0.68 during midday trading on Friday, hitting $102.28. The company's stock had a trading volume of 1,557,218 shares, compared to its average volume of 1,827,979. Ingersoll Rand Inc. has a 52-week low of $71.54 and a 52-week high of $106.03. The firm has a 50-day moving average price of $100.86 and a two-hundred day moving average price of $95.52. 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 $41.22 billion, a P/E ratio of 49.89, a PEG ratio of 3.95 and a beta of 1.42.

Ingersoll Rand Dividend Announcement

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

Insider Buying and Selling

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of the business'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 completion of the sale, the chief accounting officer now owns 11,910 shares of the company's stock, valued at approximately $1,160,510.40. The trade was a 17.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.68% of the stock is currently owned by company insiders.

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.