Loomis Sayles & Co. L P Sells 40,678 Shares of Ingersoll Rand Inc. (NYSE:IR)

Loomis Sayles & Co. L P lowered its holdings in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 23.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 136,506 shares of the industrial products company's stock after selling 40,678 shares during the period. Loomis Sayles & Co. L P's holdings in Ingersoll Rand were worth $13,400,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Swedbank AB grew its holdings in shares of Ingersoll Rand by 34.0% during the 2nd 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 during the last quarter. GDS Wealth Management increased its position in shares of Ingersoll Rand by 6.4% in the third quarter. GDS Wealth Management now owns 167,248 shares of the industrial products company's stock valued at $16,417,000 after acquiring an additional 10,081 shares during the period. AXA S.A. increased its position in shares of Ingersoll Rand by 81.4% in the second quarter. AXA S.A. now owns 87,829 shares of the industrial products company's stock valued at $7,978,000 after acquiring an additional 39,417 shares during the period. Candriam S.C.A. increased its position in shares of 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 acquiring an additional 5,797 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Ingersoll Rand by 59.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 77,268 shares of the industrial products company's stock valued at $7,019,000 after acquiring an additional 28,938 shares during the period. Institutional investors own 95.27% of the company's stock.

Ingersoll Rand Stock Performance

Ingersoll Rand stock traded down $0.69 during midday trading on Wednesday, reaching $104.05. 1,170,873 shares of the company traded hands, compared to its average volume of 2,512,319. Ingersoll Rand Inc. has a 12 month low of $69.46 and a 12 month high of $106.03. The firm has a market capitalization of $41.93 billion, a price-to-earnings ratio of 51.08, a price-to-earnings-growth ratio of 4.00 and a beta of 1.42. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71. The business has a 50 day moving average of $99.70 and a two-hundred day moving average of $94.91.

Ingersoll Rand Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have issued reports on IR shares. Wolfe Research upgraded shares of Ingersoll Rand to a "hold" rating in a research report on Friday, September 20th. Stifel Nicolaus lowered shares of Ingersoll Rand from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $112.00 to $107.00 in a research note on Monday, November 18th. Cfra boosted their price objective on shares of Ingersoll Rand from $85.00 to $95.00 and gave the stock a "hold" rating in a research note on Friday, October 4th. Evercore ISI dropped their target price on shares of 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. Finally, UBS Group began coverage on shares of Ingersoll Rand in a research note on Wednesday, November 13th. They issued a "buy" rating and a $124.00 target price on the stock. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $103.83.

Insider Buying and Selling at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 2,531 shares of the stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 11,910 shares of the company's stock, valued at $1,160,510.40. This represents a 17.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.68% of the stock is owned by corporate 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.