National Pension Service Buys 9,813 Shares of Ingersoll Rand Inc. (NYSE:IR)

National Pension Service boosted its position in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 1.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 535,883 shares of the industrial products company's stock after purchasing an additional 9,813 shares during the quarter. National Pension Service owned about 0.13% of Ingersoll Rand worth $52,602,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital International Investors grew its position in Ingersoll Rand by 113.7% during the first quarter. Capital International Investors now owns 26,166,256 shares of the industrial products company's stock valued at $2,484,486,000 after acquiring an additional 13,919,775 shares during the period. Capital World Investors purchased a new stake in shares of Ingersoll Rand during the 1st quarter worth about $440,401,000. JPMorgan Chase & Co. raised its holdings in Ingersoll Rand by 28.4% in the first quarter. JPMorgan Chase & Co. now owns 15,977,246 shares of the industrial products company's stock valued at $1,517,040,000 after buying an additional 3,535,543 shares during the period. Capital Research Global Investors grew its stake in Ingersoll Rand by 15.3% during the first quarter. Capital Research Global Investors now owns 11,316,241 shares of the industrial products company's stock worth $1,074,477,000 after buying an additional 1,504,414 shares during the period. Finally, Swedbank AB purchased a new position in shares of Ingersoll Rand in the 1st quarter valued at $55,310,000. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Barclays increased their target price on Ingersoll Rand from $101.00 to $105.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Stifel Nicolaus lifted their price objective on shares of Ingersoll Rand from $101.00 to $112.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Wells Fargo & Company upped their target price on shares of Ingersoll Rand from $100.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, October 7th. Evercore ISI cut their price objective on shares of Ingersoll Rand from $93.00 to $88.00 and set an "in-line" rating on the stock in a report on Monday, August 19th. Finally, Robert W. Baird cut their price target on Ingersoll Rand from $114.00 to $109.00 and set an "outperform" rating on the stock in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $101.67.

Ingersoll Rand Stock Performance

Shares of IR traded up $4.83 during mid-day trading on Wednesday, hitting $102.53. The company's stock had a trading volume of 2,224,940 shares, compared to its average volume of 2,538,399. Ingersoll Rand Inc. has a one year low of $64.60 and a one year high of $103.20. The stock's 50-day moving average is $95.54 and its two-hundred day moving average is $93.61. The firm has a market capitalization of $41.37 billion, a PE ratio of 47.66, a price-to-earnings-growth ratio of 2.57 and a beta of 1.42. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36.

Ingersoll Rand Announces Dividend

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

Insider Buying and Selling

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 transaction of $416,563.71. Following the sale, the insider now owns 3,829 shares in the company, valued at $344,571.71. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Vicente Reynal sold 50,000 shares of the firm's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $92.51, for a total value of $4,625,500.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Kathleen M. Keene sold 4,629 shares of Ingersoll Rand 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 77,510 shares of company stock valued at $7,108,005 over the last three months. 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.