Janney Montgomery Scott LLC Acquires 20,853 Shares of Ingersoll Rand Inc. (NYSE:IR)

Janney Montgomery Scott LLC lifted its stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 33.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 82,805 shares of the industrial products company's stock after acquiring an additional 20,853 shares during the period. Janney Montgomery Scott LLC's holdings in Ingersoll Rand were worth $8,128,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Ingersoll Rand by 24.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 494,450 shares of the industrial products company's stock worth $46,948,000 after acquiring an additional 96,982 shares during the last quarter. Swedbank AB lifted its stake 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 buying an additional 198,200 shares in the last quarter. Inspire Investing LLC purchased a new stake in shares of Ingersoll Rand during the first quarter worth $889,000. Empowered Funds LLC grew its position in shares of Ingersoll Rand by 1,077.0% in the first quarter. Empowered Funds LLC now owns 49,483 shares of the industrial products company's stock valued at $4,698,000 after purchasing an additional 45,279 shares in the last quarter. Finally, Forsta AP Fonden lifted its holdings in shares of Ingersoll Rand by 31.4% in the first quarter. Forsta AP Fonden now owns 98,400 shares of the industrial products company's stock worth $9,343,000 after buying an additional 23,500 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Trading Down 0.9 %

NYSE:IR traded down $0.92 during trading hours on Friday, hitting $102.61. The company had a trading volume of 1,043,809 shares, compared to its average volume of 2,536,293. The stock has a 50-day moving average price of $95.81 and a 200 day moving average price of $93.67. The company has a market capitalization of $41.35 billion, a PE ratio of 50.50, a price-to-earnings-growth ratio of 2.59 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. Ingersoll Rand Inc. has a 52 week low of $66.30 and a 52 week high of $103.96.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given 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 currently 3.90%.

Insider Activity

In other Ingersoll Rand news, insider Vicente Reynal sold 50,000 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $92.51, for a total transaction of $4,625,500.00. Following the completion of the transaction, the insider now owns 100,367 shares of the company's stock, valued at approximately $9,284,951.17. This trade represents 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 accessible through this link. In other Ingersoll Rand news, insider Vicente Reynal sold 50,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $92.51, for a total transaction of $4,625,500.00. Following the sale, the insider now directly owns 100,367 shares in the company, valued at approximately $9,284,951.17. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Michael J. Scheske sold 2,531 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total transaction of $246,620.64. Following 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 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 worth $5,974,334. Corporate insiders own 0.68% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Evercore ISI dropped 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 report on Monday, August 19th. Wolfe Research upgraded Ingersoll Rand to a "hold" rating in a research report on Friday, September 20th. Morgan Stanley started coverage on Ingersoll Rand in a research report on Friday, September 6th. They issued an "equal weight" rating and a $97.00 target price for the company. Stifel Nicolaus increased their price target on shares of Ingersoll Rand from $101.00 to $112.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company boosted their price objective on shares of Ingersoll Rand from $100.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, October 7th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.67.

Ingersoll Rand 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.