Glenmede Trust Co. NA Has $12.17 Million Holdings in Ingersoll Rand Inc. (NYSE:IR)

Glenmede Trust Co. NA trimmed its holdings in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 4.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 123,938 shares of the industrial products company's stock after selling 6,067 shares during the period. Glenmede Trust Co. NA's holdings in Ingersoll Rand were worth $12,166,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in IR. Ridgewood Investments LLC bought a new stake in shares of Ingersoll Rand during the 2nd quarter worth $25,000. Ashton Thomas Securities LLC acquired a new position in Ingersoll Rand during the 3rd quarter valued at $34,000. EverSource Wealth Advisors LLC raised its stake in Ingersoll Rand by 38.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 453 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 126 shares during the last quarter. UMB Bank n.a. raised its stake in Ingersoll Rand by 196.8% during the 2nd quarter. UMB Bank n.a. now owns 466 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 309 shares during the last quarter. Finally, Eastern Bank acquired a new position in Ingersoll Rand during the 3rd quarter valued at $42,000. 95.27% of the stock is owned by institutional investors.

Ingersoll Rand Trading Up 0.1 %

Shares of NYSE:IR traded up $0.12 during mid-day trading on Friday, reaching $104.17. The stock had a trading volume of 907,100 shares, compared to its average volume of 2,505,369. The firm has a market cap of $41.98 billion, a PE ratio of 50.81, a price-to-earnings-growth ratio of 3.95 and a beta of 1.42. The firm has a 50 day simple moving average of $100.18 and a two-hundred day simple moving average of $95.15. 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 Inc. has a twelve month low of $69.51 and a twelve month high of $106.03.

Ingersoll Rand Announces Dividend

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

Insider Activity at Ingersoll Rand

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total transaction of $246,620.64. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.68% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

IR has been the subject of several research analyst reports. Robert W. Baird cut their target price on shares of Ingersoll Rand from $114.00 to $109.00 and set an "outperform" rating for the company in a research note 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 company an "overweight" rating in a research note on Monday, October 7th. Stifel Nicolaus cut shares of 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. Wolfe Research upgraded shares of Ingersoll Rand to a "hold" rating in a research note on Friday, September 20th. Finally, Evercore ISI dropped their price objective on shares of 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $103.83.

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.