Nordea Investment Management AB Has $153.87 Million Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Nordea Investment Management AB lifted its position in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 19.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,691,399 shares of the industrial products company's stock after acquiring an additional 271,381 shares during the quarter. Nordea Investment Management AB owned 0.42% of Ingersoll Rand worth $153,867,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI grew its stake in shares of Ingersoll Rand by 24.0% in the second quarter. National Bank of Canada FI now owns 111,346 shares of the industrial products company's stock worth $9,970,000 after purchasing an additional 21,579 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Ingersoll Rand in the second quarter valued at $1,177,000. Caprock Group LLC grew its holdings in shares of Ingersoll Rand by 28.8% during the second quarter. Caprock Group LLC now owns 9,355 shares of the industrial products company's stock valued at $850,000 after buying an additional 2,093 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of Ingersoll Rand by 7.5% in the 2nd quarter. Ballentine Partners LLC now owns 12,594 shares of the industrial products company's stock valued at $1,144,000 after purchasing an additional 875 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Ingersoll Rand during the second quarter worth approximately $125,000. Institutional investors own 95.27% of the company's stock.

Ingersoll Rand Stock Performance

Shares of NYSE IR traded down $2.26 during trading hours on Tuesday, reaching $89.01. The stock had a trading volume of 3,893,061 shares, compared to its average volume of 2,587,240. The company has a market cap of $35.87 billion, a price-to-earnings ratio of 43.42, a PEG ratio of 3.84 and a beta of 1.44. Ingersoll Rand Inc. has a twelve month low of $74.01 and a twelve month high of $106.03. The business's fifty day moving average is $98.80 and its two-hundred day moving average is $95.83. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. Ingersoll Rand's dividend payout ratio (DPR) is currently 3.90%.

Analyst Ratings Changes

A number of research analysts have commented on IR shares. UBS Group initiated coverage on Ingersoll Rand in a research note on Wednesday, November 13th. They issued a "buy" rating and a $124.00 target price on the stock. Robert W. Baird cut their price objective on shares of Ingersoll Rand from $114.00 to $109.00 and set an "outperform" rating on the stock in a research report on Monday, November 4th. Barclays boosted their target price on shares of Ingersoll Rand from $105.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Citigroup lifted their price objective on shares of Ingersoll Rand from $112.00 to $119.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Finally, Stifel Nicolaus lowered Ingersoll Rand from a "buy" rating to a "hold" rating and cut their target price for the company from $112.00 to $107.00 in a report on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $107.25.

Insider Activity

In related news, 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 17.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.68% of the company's stock.

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.