Asset Management One Co. Ltd. Buys 5,128 Shares of Ingersoll Rand Inc. (NYSE:IR)

Asset Management One Co. Ltd. boosted its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 198,218 shares of the industrial products company's stock after buying an additional 5,128 shares during the period. Asset Management One Co. Ltd.'s holdings in Ingersoll Rand were worth $19,457,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Ridgewood Investments LLC acquired a new position in shares of Ingersoll Rand in the second quarter valued at approximately $25,000. Headlands Technologies LLC acquired a new position in Ingersoll Rand during the first quarter worth $28,000. ESL Trust Services LLC acquired a new position in Ingersoll Rand during the first quarter worth $35,000. Eastern Bank acquired a new position in Ingersoll Rand during the third quarter worth $42,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Ingersoll Rand by 38.5% during the first quarter. EverSource Wealth Advisors LLC now owns 453 shares of the industrial products company's stock worth $42,000 after acquiring an additional 126 shares during the period. Institutional investors and hedge funds own 95.27% of the company's stock.

Insider Buying and Selling

In other news, insider Andrew R. Schiesl sold 15,381 shares of the business's stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $89.74, for a total transaction of $1,380,290.94. Following the sale, the insider now directly owns 39,486 shares of the company's stock, valued at $3,543,473.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Elizabeth Meloy Hepding sold 7,500 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $599,623.78. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Andrew R. Schiesl sold 15,381 shares of Ingersoll Rand stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $89.74, for a total value of $1,380,290.94. Following the transaction, the insider now directly owns 39,486 shares in the company, valued at approximately $3,543,473.64. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,510 shares of company stock worth $7,108,005. Corporate insiders own 0.68% of the company's stock.

Ingersoll Rand Price Performance

IR traded up $5.17 during trading on Wednesday, reaching $102.87. The stock had a trading volume of 2,332,479 shares, compared to its average volume of 2,539,112. The stock has a 50 day moving average of $95.54 and a two-hundred day moving average of $93.61. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $41.51 billion, a price-to-earnings ratio of 47.66, a price-to-earnings-growth ratio of 2.57 and a beta of 1.42. Ingersoll Rand Inc. has a 1-year low of $64.60 and a 1-year high of $103.20.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.08%. The ex-dividend date is Thursday, November 14th. Ingersoll Rand's dividend payout ratio is presently 3.90%.

Analysts Set New Price Targets

IR has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their target price on Ingersoll Rand from $100.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, October 7th. Evercore ISI reduced their target price on Ingersoll Rand from $93.00 to $88.00 and set an "in-line" rating on the stock in a research note on Monday, August 19th. Stifel Nicolaus raised their price target on Ingersoll Rand from $101.00 to $112.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Robert W. Baird decreased their price objective on Ingersoll Rand from $114.00 to $109.00 and set an "outperform" rating on the stock in a research note on Monday. Finally, Barclays boosted their target price on shares of Ingersoll Rand from $101.00 to $105.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Ingersoll Rand currently has a consensus rating of "Moderate Buy" and an average target price of $101.67.

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.