Ingersoll Rand Inc. (NYSE:IR) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 48.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,391 shares of the industrial products company's stock after purchasing an additional 5,317 shares during the quarter. Quantinno Capital Management LP's holdings in Ingersoll Rand were worth $1,609,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB grew its position in shares of Ingersoll Rand by 34.0% in the second quarter. Swedbank AB now owns 780,712 shares of the industrial products company's stock valued at $70,920,000 after purchasing an additional 198,200 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Ingersoll Rand by 9.4% during 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 during the last quarter. GDS Wealth Management grew its holdings in Ingersoll Rand by 6.4% in the 3rd quarter. GDS Wealth Management now owns 167,248 shares of the industrial products company's stock valued at $16,417,000 after buying an additional 10,081 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of Ingersoll Rand by 28.2% in the 3rd quarter. Intech Investment Management LLC now owns 101,745 shares of the industrial products company's stock worth $9,987,000 after acquiring an additional 22,401 shares during the last quarter. Finally, AXA S.A. raised its holdings in shares of Ingersoll Rand by 81.4% during the 2nd quarter. AXA S.A. now owns 87,829 shares of the industrial products company's stock worth $7,978,000 after acquiring an additional 39,417 shares during the period. 95.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 2,531 shares of the business's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total value of $246,620.64. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.68% of the stock is owned by corporate insiders.

Ingersoll Rand Price Performance

IR stock traded down $0.26 on Thursday, reaching $101.42. 1,201,942 shares of the company's stock were exchanged, compared to its average volume of 2,473,955. The stock has a fifty day moving average of $101.05 and a 200-day moving average of $95.65. The firm has a market cap of $40.87 billion, a PE ratio of 49.49, a P/E/G ratio of 3.88 and a beta of 1.42. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46. Ingersoll Rand Inc. has a twelve month low of $73.52 and a twelve month high of $106.03.

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th were given a dividend of $0.02 per share. 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%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on IR. Evercore ISI cut 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 report on Monday, August 19th. Barclays lifted their price target on shares of Ingersoll Rand from $105.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Wolfe Research upgraded Ingersoll Rand to a "hold" rating in a report on Friday, September 20th. Citigroup raised their target price on Ingersoll Rand from $112.00 to $119.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Morgan Stanley started coverage on Ingersoll Rand in a research note on Friday, September 6th. They issued an "equal weight" rating and a $97.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $107.67.

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.