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

Buckingham Capital Management Inc. cut its position in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 51.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,433 shares of the industrial products company's stock after selling 5,771 shares during the period. Buckingham Capital Management Inc.'s holdings in Ingersoll Rand were worth $533,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ridgewood Investments LLC purchased a new position in shares of Ingersoll Rand in the 2nd quarter valued at about $25,000. Headlands Technologies LLC acquired a new stake in shares of Ingersoll Rand during the 1st quarter worth approximately $28,000. Ashton Thomas Securities LLC acquired a new stake in Ingersoll Rand during the third quarter worth $34,000. ESL Trust Services LLC purchased a new stake in Ingersoll Rand in the 1st quarter valued at about $35,000. Finally, Eastern Bank purchased a new stake in shares of Ingersoll Rand in the 3rd quarter valued at approximately $42,000. 95.27% of the stock is owned by hedge funds and other institutional investors.

Ingersoll Rand Trading Up 2.1 %

Shares of IR traded up $2.19 on Monday, hitting $104.80. 2,746,307 shares of the stock traded hands, compared to its average volume of 2,546,482. Ingersoll Rand Inc. has a 1 year low of $68.06 and a 1 year high of $105.33. The firm has a market capitalization of $42.24 billion, a P/E ratio of 50.05, a P/E/G ratio of 3.90 and a beta of 1.42. The stock's 50 day moving average is $96.29 and its two-hundred day moving average is $93.87. 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 Announces Dividend

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

Insider Activity

In related news, insider Kathleen M. Keene sold 4,629 shares of the business's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $89.99, for a total value of $416,563.71. Following the transaction, the insider now 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 legal filing with the SEC, which can be accessed through this link. In related news, insider Kathleen M. Keene sold 4,629 shares of the company's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $89.99, for a total transaction of $416,563.71. Following the sale, the insider now directly owns 3,829 shares of the company's stock, valued at approximately $344,571.71. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,660 shares of company stock valued at $5,974,334. Company insiders own 0.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on IR shares. Robert W. Baird cut their price objective on Ingersoll Rand from $114.00 to $109.00 and set an "outperform" rating on the stock in a report on Monday, November 4th. Stifel Nicolaus boosted their price objective on Ingersoll Rand from $101.00 to $112.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Morgan Stanley assumed coverage on shares of Ingersoll Rand in a report on Friday, September 6th. They issued an "equal weight" rating and a $97.00 target price for the company. Wolfe Research raised Ingersoll Rand to a "hold" rating in a report on Friday, September 20th. Finally, Evercore ISI reduced 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. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Ingersoll Rand presently has an average rating of "Moderate Buy" and a consensus 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.