Oddo BHF Asset Management Sas Purchases Shares of 22,339 Ingersoll Rand Inc. (NYSE:IR)

Oddo BHF Asset Management Sas purchased a new position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 22,339 shares of the industrial products company's stock, valued at approximately $2,193,000.

Other institutional investors have also recently bought and sold shares of the company. Ridgewood Investments LLC bought a new position in shares of Ingersoll Rand in the second quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new position in Ingersoll Rand in the 3rd quarter valued at about $34,000. UMB Bank n.a. lifted its position in Ingersoll Rand by 196.8% during the second quarter. UMB Bank n.a. now owns 466 shares of the industrial products company's stock worth $42,000 after acquiring an additional 309 shares during the last quarter. Eastern Bank bought a new stake in shares of Ingersoll Rand during the third quarter worth approximately $42,000. Finally, Rothschild Investment LLC acquired a new position in shares of Ingersoll Rand in the second quarter valued at approximately $43,000. Institutional investors and hedge funds own 95.27% of the company's stock.

Insider Transactions at Ingersoll Rand

In related news, CAO Michael J. Scheske sold 2,531 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total transaction of $246,620.64. Following the sale, the chief accounting officer now 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.68% of the company's stock.

Analyst Upgrades and Downgrades

IR has been the subject of several research reports. The Goldman Sachs Group lifted their price target on Ingersoll Rand from $109.00 to $121.00 and gave the stock a "buy" rating in a report on Thursday. Barclays boosted their target price on shares of Ingersoll Rand from $105.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Robert W. Baird lowered their price target 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. Cfra boosted their price objective on shares of Ingersoll Rand from $85.00 to $95.00 and gave the company a "hold" rating in a report on Friday, October 4th. Finally, Morgan Stanley initiated coverage on shares of Ingersoll Rand in a research report on Friday, September 6th. They set an "equal weight" rating and a $97.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $107.67.

Ingersoll Rand Price Performance

IR traded down $0.32 during trading on Friday, hitting $101.10. 1,441,864 shares of the stock traded hands, compared to its average volume of 2,469,672. The business has a 50 day moving average price of $101.10 and a 200 day moving average price of $95.73. 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 twelve month low of $74.01 and a twelve month high of $106.03. The company has a market cap of $40.74 billion, a price-to-earnings ratio of 49.32, a PEG ratio of 3.86 and a beta of 1.42.

Ingersoll Rand Dividend Announcement

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

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.