Ingersoll Rand Inc. (NYSE:IR) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC raised its holdings in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 171.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 82,128 shares of the industrial products company's stock after buying an additional 51,911 shares during the quarter. HighTower Advisors LLC's holdings in Ingersoll Rand were worth $8,059,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC raised its stake in Ingersoll Rand by 10.5% during the 3rd quarter. FMR LLC now owns 16,152,094 shares of the industrial products company's stock worth $1,585,489,000 after buying an additional 1,538,056 shares during the period. International Assets Investment Management LLC raised its stake in 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 during the period. Ensign Peak Advisors Inc raised its stake in 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 during the period. Dimensional Fund Advisors LP raised its stake in 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 during the period. Finally, Swedbank AB raised its stake in Ingersoll Rand by 34.0% during the 2nd quarter. Swedbank AB now owns 780,712 shares of the industrial products company's stock worth $70,920,000 after buying an additional 198,200 shares during the period. 95.27% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Michael J. Scheske sold 2,531 shares of the company'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 value of $246,620.64. Following the transaction, the chief accounting officer now directly owns 11,910 shares in the company, valued at approximately $1,160,510.40. This represents a 17.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.68% of the company's stock.

Ingersoll Rand Stock Up 0.3 %

IR traded up $0.30 during trading on Monday, hitting $102.58. The stock had a trading volume of 2,296,737 shares, compared to its average volume of 2,486,780. The company has a market capitalization of $41.34 billion, a PE ratio of 50.04, a PEG ratio of 3.88 and a beta of 1.42. Ingersoll Rand Inc. has a twelve month low of $73.38 and a twelve month high of $106.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36. The stock has a 50 day simple moving average of $100.94 and a two-hundred day simple moving average of $95.56.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders 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%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wolfe Research raised Ingersoll Rand to a "hold" rating in a research report on Friday, September 20th. Barclays increased their price target on Ingersoll Rand from $105.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday. Robert W. Baird decreased their price target on Ingersoll Rand from $114.00 to $109.00 and set an "outperform" rating for the company in a research report on Monday, November 4th. Citigroup increased their price target on Ingersoll Rand from $112.00 to $119.00 and gave the company a "buy" rating in a research report on Monday. Finally, Stifel Nicolaus lowered Ingersoll Rand from a "buy" rating to a "hold" rating and reduced their price objective for the company from $112.00 to $107.00 in a report on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Ingersoll Rand currently has a consensus rating of "Moderate Buy" and an average target price of $105.67.

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.