Ingersoll Rand Inc. (NYSE:IR) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC lifted its position in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 504.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,188 shares of the industrial products company's stock after purchasing an additional 41,044 shares during the period. MML Investors Services LLC's holdings in Ingersoll Rand were worth $4,828,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Daiwa Securities Group Inc. raised its stake in Ingersoll Rand by 9.4% in the third quarter. Daiwa Securities Group Inc. now owns 90,827 shares of the industrial products company's stock worth $8,916,000 after buying an additional 7,784 shares in the last quarter. GDS Wealth Management raised its position in shares of Ingersoll Rand by 6.4% in the 3rd quarter. GDS Wealth Management now owns 167,248 shares of the industrial products company's stock worth $16,417,000 after acquiring an additional 10,081 shares in the last quarter. Intech Investment Management LLC lifted its stake in shares of Ingersoll Rand by 28.2% during the 3rd quarter. Intech Investment Management LLC now owns 101,745 shares of the industrial products company's stock worth $9,987,000 after purchasing an additional 22,401 shares during the last quarter. AXA S.A. boosted its position in Ingersoll Rand by 81.4% during the second quarter. AXA S.A. now owns 87,829 shares of the industrial products company's stock valued at $7,978,000 after purchasing an additional 39,417 shares in the last quarter. Finally, Candriam S.C.A. grew its stake in Ingersoll Rand by 3.0% in the second quarter. Candriam S.C.A. now owns 199,419 shares of the industrial products company's stock valued at $18,114,000 after purchasing an additional 5,797 shares during the last quarter. Institutional investors own 95.27% of the company's stock.

Analyst Ratings Changes

IR has been the subject of a number of analyst reports. The Goldman Sachs Group increased their target price on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a "buy" rating in a research report on Thursday. Robert W. Baird dropped their target price on Ingersoll Rand from $114.00 to $109.00 and set an "outperform" rating on the stock in a research report on Monday, November 4th. UBS Group initiated coverage on Ingersoll Rand in a research note on Wednesday, November 13th. They set a "buy" rating and a $124.00 price objective for the company. Wells Fargo & Company increased their price target on shares of Ingersoll Rand from $100.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, October 7th. Finally, Cfra raised their price objective on Ingersoll Rand from $85.00 to $95.00 and gave the company a "hold" rating in a report on Friday, October 4th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $107.67.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of Ingersoll Rand 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 directly owns 11,910 shares of the company's stock, valued at $1,160,510.40. The trade was a 17.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.68% of the stock is owned by insiders.

Ingersoll Rand Price Performance

IR traded down $0.32 on Friday, hitting $101.10. 1,441,864 shares of the company's stock were exchanged, compared to its average volume of 2,469,672. Ingersoll Rand Inc. has a fifty-two week low of $74.01 and a fifty-two week high of $106.03. The stock has a market cap of $40.74 billion, a price-to-earnings ratio of 49.32, a P/E/G ratio of 3.86 and a beta of 1.42. The firm has a 50-day moving average price of $101.10 and a 200-day moving average price of $95.73. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 14th were paid a dividend of $0.02 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.08 annualized dividend and a yield of 0.08%. Ingersoll Rand's dividend payout ratio 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.