Ingersoll Rand Inc. (NYSE:IR) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its holdings in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 9.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 90,827 shares of the industrial products company's stock after acquiring an additional 7,784 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Ingersoll Rand were worth $8,916,000 as of its most recent filing with the Securities & Exchange Commission.

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 worth $55,310,000. International Assets Investment Management LLC grew its position in shares of Ingersoll Rand by 9,681.5% during the 3rd quarter. International Assets Investment Management LLC now owns 360,349 shares of the industrial products company's stock worth $353,720,000 after buying an additional 356,665 shares in the last quarter. Ensign Peak Advisors Inc grew its position in shares of Ingersoll Rand by 20.8% during the 2nd quarter. Ensign Peak Advisors Inc now owns 1,454,956 shares of the industrial products company's stock worth $132,168,000 after buying an additional 250,712 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Ingersoll Rand by 6.9% during 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 buying an additional 224,463 shares in the last quarter. Finally, Robeco Schweiz AG grew its position 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 buying an additional 180,168 shares in the last quarter. Institutional investors own 95.27% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on IR. Barclays increased their price target on Ingersoll Rand from $101.00 to $105.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Morgan Stanley assumed coverage on Ingersoll Rand in a research note on Friday, September 6th. They set an "equal weight" rating and a $97.00 price objective for the company. Wells Fargo & Company upped their price objective on Ingersoll Rand from $100.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, October 7th. Wolfe Research upgraded Ingersoll Rand to a "hold" rating in a research note on Friday, September 20th. Finally, 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 research note on Monday, August 19th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.83.

Insider Transactions 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 stock was sold at an average price of $97.44, for a total value 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 $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 available through the SEC website. Company insiders own 0.68% of the company's stock.

Ingersoll Rand Stock Down 0.6 %

Ingersoll Rand stock traded down $0.63 during midday trading on Tuesday, reaching $104.72. The company's stock had a trading volume of 1,426,741 shares, compared to its average volume of 2,518,177. Ingersoll Rand Inc. has a 52-week low of $69.46 and a 52-week high of $106.03. The stock has a market capitalization of $42.20 billion, a P/E ratio of 51.40, a PEG ratio of 3.95 and a beta of 1.42. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71. The stock's 50-day simple moving average is $99.49 and its 200-day simple moving average is $94.81.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.08%. The ex-dividend date of this dividend is Thursday, November 14th. Ingersoll Rand's payout ratio is 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.