8,175 Shares in Ingersoll Rand Inc. (NYSE:IR) Acquired by Oak Thistle LLC

Oak Thistle LLC bought a new stake in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,175 shares of the industrial products company's stock, valued at approximately $740,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of Ingersoll Rand by 32.2% in the second quarter. American Century Companies Inc. now owns 75,719 shares of the industrial products company's stock worth $6,878,000 after buying an additional 18,449 shares during the last quarter. Wealthspire Advisors LLC increased its position in shares of Ingersoll Rand by 5.5% in the 2nd quarter. Wealthspire Advisors LLC now owns 2,268 shares of the industrial products company's stock valued at $206,000 after acquiring an additional 119 shares during the period. Dimensional Fund Advisors LP raised its stake in Ingersoll Rand by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,462,558 shares of the industrial products company's stock worth $314,549,000 after acquiring an additional 224,463 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in Ingersoll Rand during the 2nd quarter worth about $775,000. Finally, Argent Trust Co lifted its position in Ingersoll Rand by 4.2% during the 2nd quarter. Argent Trust Co now owns 4,888 shares of the industrial products company's stock worth $444,000 after acquiring an additional 195 shares during the period. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Price Performance

Shares of Ingersoll Rand stock traded up $0.11 on Thursday, hitting $90.64. The company's stock had a trading volume of 2,130,711 shares, compared to its average volume of 2,377,474. The company has a market capitalization of $36.53 billion, a price-to-earnings ratio of 44.22, a price-to-earnings-growth ratio of 3.17 and a beta of 1.44. Ingersoll Rand Inc. has a 1 year low of $76.97 and a 1 year high of $106.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36. The firm has a fifty day moving average price of $97.82 and a 200-day moving average price of $95.71.

Ingersoll Rand Announces Dividend

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

Insider Transactions at Ingersoll Rand

In other 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 value of $246,620.64. Following the sale, the chief accounting officer now owns 11,910 shares in the company, valued at $1,160,510.40. This trade represents a 17.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.68% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on IR shares. Barclays reduced their price objective on Ingersoll Rand from $120.00 to $115.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company reduced their price target on shares of Ingersoll Rand from $115.00 to $105.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Robert W. Baird decreased their price objective on shares of Ingersoll Rand from $114.00 to $109.00 and set an "outperform" rating for the company in a research note on Monday, November 4th. Citigroup cut their price objective on shares of Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Wolfe Research upgraded shares of Ingersoll Rand to a "hold" rating in a research report on Friday, September 20th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $106.50.

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.