Ingersoll Rand Inc. (NYSE:IR) Shares Bought by GDS Wealth Management

GDS Wealth Management grew its stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 6.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 167,248 shares of the industrial products company's stock after buying an additional 10,081 shares during the period. Ingersoll Rand accounts for 1.6% of GDS Wealth Management's investment portfolio, making the stock its 23rd biggest position. GDS Wealth Management's holdings in Ingersoll Rand were worth $16,417,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ridgewood Investments LLC purchased a new stake in Ingersoll Rand in the 2nd quarter worth approximately $25,000. Headlands Technologies LLC acquired a new position in Ingersoll Rand in the first quarter valued at $28,000. Ashton Thomas Securities LLC purchased a new position in Ingersoll Rand during the third quarter worth about $34,000. ESL Trust Services LLC acquired a new stake in Ingersoll Rand in the 1st quarter worth about $35,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Ingersoll Rand by 38.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 453 shares of the industrial products company's stock valued at $42,000 after buying an additional 126 shares during the period. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Stock Up 2.2 %

Shares of IR stock traded up $2.29 during trading hours on Monday, reaching $104.90. The company had a trading volume of 1,569,553 shares, compared to its average volume of 2,540,993. The stock's fifty day simple moving average is $96.29 and its 200 day simple moving average is $93.87. The company has a market capitalization of $42.28 billion, a P/E ratio of 50.05, a price-to-earnings-growth ratio of 3.90 and a beta of 1.42. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36. Ingersoll Rand Inc. has a twelve month low of $68.06 and a twelve month high of $105.33.

Ingersoll Rand Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on IR. Morgan Stanley started coverage on shares of Ingersoll Rand in a report on Friday, September 6th. They set an "equal weight" rating and a $97.00 price objective on the stock. Barclays increased their price target on shares of Ingersoll Rand from $101.00 to $105.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 2nd. Evercore ISI lowered 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. Cfra increased their target price on Ingersoll Rand from $85.00 to $95.00 and gave the stock a "hold" rating in a research report on Friday, October 4th. Finally, Stifel Nicolaus boosted their price target on Ingersoll Rand from $101.00 to $112.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $101.67.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, insider Elizabeth Meloy Hepding sold 7,500 shares of Ingersoll Rand stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $91.42, for a total transaction of $685,650.00. Following the sale, the insider now owns 6,559 shares of the company's stock, valued at $599,623.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Elizabeth Meloy Hepding sold 7,500 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $91.42, for a total value of $685,650.00. Following the completion of the transaction, the insider now owns 6,559 shares in the company, valued at $599,623.78. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Vicente Reynal sold 50,000 shares of the business's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $92.51, for a total transaction of $4,625,500.00. Following the sale, the insider now owns 100,367 shares in the company, valued at $9,284,951.17. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 64,660 shares of company stock worth $5,974,334. 0.68% of the stock is 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.