Ingersoll Rand Inc. (NYSE:IR) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lowered its stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 5.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,139 shares of the industrial products company's stock after selling 5,625 shares during the period. Kornitzer Capital Management Inc. KS's holdings in Ingersoll Rand were worth $9,535,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its holdings in shares of Ingersoll Rand by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 467,439 shares of the industrial products company's stock valued at $45,884,000 after purchasing an additional 3,165 shares during the last quarter. BNC Wealth Management LLC acquired a new stake in Ingersoll Rand during the 3rd quarter worth about $2,429,000. Consilium Wealth Advisory LLC grew its position in Ingersoll Rand by 25.5% during the 3rd quarter. Consilium Wealth Advisory LLC now owns 18,066 shares of the industrial products company's stock worth $1,773,000 after purchasing an additional 3,666 shares during the period. Concurrent Investment Advisors LLC boosted its stake in shares of Ingersoll Rand by 41.1% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 3,475 shares of the industrial products company's stock worth $341,000 after acquiring an additional 1,012 shares in the last quarter. Finally, Harvest Portfolios Group Inc. boosted its stake in shares of Ingersoll Rand by 13.3% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 10,938 shares of the industrial products company's stock worth $1,074,000 after acquiring an additional 1,283 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company's stock.

Insider Activity at Ingersoll Rand

In related news, insider Elizabeth Meloy Hepding sold 7,500 shares of the business's stock in a transaction 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 sale, the insider now directly owns 6,559 shares of the company's stock, valued at $599,623.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Ingersoll Rand news, insider Kathleen M. Keene sold 4,629 shares of Ingersoll Rand stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $89.99, for a total value of $416,563.71. Following the transaction, the insider now directly owns 3,829 shares in the company, valued at approximately $344,571.71. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Elizabeth Meloy Hepding sold 7,500 shares of Ingersoll Rand stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $91.42, for a total transaction of $685,650.00. Following the completion of the transaction, the insider now owns 6,559 shares in the company, valued at approximately $599,623.78. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 64,660 shares of company stock valued at $5,974,334 over the last ninety days. Insiders own 0.68% of the company's stock.

Ingersoll Rand Stock Performance

IR traded down $0.92 on Friday, reaching $102.61. The company had a trading volume of 3,035,250 shares, compared to its average volume of 2,545,470. Ingersoll Rand Inc. has a 1 year low of $66.30 and a 1 year high of $103.96. The stock has a market capitalization of $41.35 billion, a PE ratio of 50.50, a P/E/G ratio of 2.59 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. The stock has a 50-day moving average price of $95.81 and a 200-day moving average price of $93.67.

Ingersoll Rand Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a $0.02 dividend. The ex-dividend date 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 (DPR) is presently 3.90%.

Wall Street Analysts Forecast Growth

IR has been the topic of several recent analyst reports. Stifel Nicolaus increased their target price on shares of Ingersoll Rand from $101.00 to $112.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Evercore ISI decreased 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. Cfra raised their price target on shares of Ingersoll Rand from $85.00 to $95.00 and gave the stock a "hold" rating in a report on Friday, October 4th. Robert W. Baird dropped their target price on shares of Ingersoll Rand from $114.00 to $109.00 and set an "outperform" rating for the company in a report on Monday. Finally, Wells Fargo & Company boosted their price target on shares of Ingersoll Rand from $100.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, October 7th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average 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.