Cerity Partners LLC Has $26.71 Million Position in Ingersoll Rand Inc. (NYSE:IR)

Cerity Partners LLC cut its position in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 18.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 272,092 shares of the industrial products company's stock after selling 62,709 shares during the quarter. Cerity Partners LLC owned about 0.07% of Ingersoll Rand worth $26,709,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Advisors Asset Management Inc. raised its stake in shares of Ingersoll Rand by 41.7% during the first quarter. Advisors Asset Management Inc. now owns 19,696 shares of the industrial products company's stock worth $1,870,000 after acquiring an additional 5,794 shares in the last quarter. SVB Wealth LLC purchased a new stake in Ingersoll Rand in the first quarter worth about $314,000. Bayesian Capital Management LP increased its position in Ingersoll Rand by 334.6% during the 1st quarter. Bayesian Capital Management LP now owns 11,300 shares of the industrial products company's stock valued at $1,073,000 after buying an additional 8,700 shares in the last quarter. Industrial Alliance Investment Management Inc. raised its position in shares of Ingersoll Rand by 4.4% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 5,935 shares of the industrial products company's stock worth $564,000 after purchasing an additional 250 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in shares of Ingersoll Rand by 14.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,112 shares of the industrial products company's stock worth $295,000 after buying an additional 399 shares in the last quarter. Institutional investors own 95.27% of the company's stock.

Insider Activity at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 2,531 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total transaction of $246,620.64. Following the transaction, the chief accounting officer now owns 11,910 shares of the company's stock, valued at approximately $1,160,510.40. This trade represents a 17.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kathleen M. Keene sold 4,629 shares of the business's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $89.99, for a total transaction of $416,563.71. Following the sale, the insider now owns 3,829 shares of the company's stock, valued at approximately $344,571.71. The trade was a 54.73 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

IR has been the topic of several research analyst reports. UBS Group initiated coverage on Ingersoll Rand in a report on Wednesday, November 13th. They set a "buy" rating and a $124.00 price target on the stock. Cfra boosted their price target on Ingersoll Rand from $85.00 to $95.00 and gave the stock a "hold" rating in a report on Friday, October 4th. Wells Fargo & Company raised their price objective on Ingersoll Rand from $100.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, October 7th. Morgan Stanley assumed coverage on shares of Ingersoll Rand in a report on Friday, September 6th. They issued an "equal weight" rating and a $97.00 price target for the company. Finally, Barclays raised their target price on shares of Ingersoll Rand from $101.00 to $105.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $103.83.

Ingersoll Rand Stock Up 1.3 %

Shares of Ingersoll Rand stock traded up $1.36 during trading hours on Monday, hitting $105.36. The company had a trading volume of 3,004,149 shares, compared to its average volume of 2,522,964. The company's 50-day moving average is $99.20 and its two-hundred day moving average is $94.71. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71. Ingersoll Rand Inc. has a twelve month low of $69.46 and a twelve month high of $106.03. The company has a market cap of $42.46 billion, a P/E ratio of 50.73, a price-to-earnings-growth ratio of 3.95 and a beta of 1.42.

Ingersoll Rand Announces Dividend

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

About Ingersoll Rand

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.