Robeco Institutional Asset Management B.V. Decreases Stock Position in Ingersoll Rand Inc. (NYSE:IR)

Robeco Institutional Asset Management B.V. lowered its stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 67.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 218,851 shares of the industrial products company's stock after selling 450,721 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.05% of Ingersoll Rand worth $21,482,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Ridgewood Investments LLC bought a new position in shares of Ingersoll Rand during the second quarter valued at about $25,000. Headlands Technologies LLC bought a new stake in shares of Ingersoll Rand in the 1st quarter worth approximately $28,000. ESL Trust Services LLC bought a new position in shares of Ingersoll Rand during the first quarter valued at approximately $35,000. EverSource Wealth Advisors LLC lifted its stake in Ingersoll Rand by 38.5% in the first quarter. EverSource Wealth Advisors LLC now owns 453 shares of the industrial products company's stock worth $42,000 after acquiring an additional 126 shares during the period. Finally, UMB Bank n.a. boosted its holdings in Ingersoll Rand by 196.8% in the second quarter. UMB Bank n.a. now owns 466 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 309 shares in the last quarter. 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 $0.55 during trading hours on Thursday, reaching $103.53. The company's stock had a trading volume of 1,972,971 shares, compared to its average volume of 2,540,552. 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 one year low of $65.50 and a one year high of $103.96. The firm has a 50 day moving average price of $95.81 and a 200-day moving average price of $93.67. The stock has a market cap of $41.72 billion, a P/E ratio of 50.50, a P/E/G ratio of 2.59 and a beta of 1.42.

Ingersoll Rand Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders 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 dividend yield of 0.08%. The ex-dividend date of this dividend is Thursday, November 14th. Ingersoll Rand's dividend payout ratio is currently 3.90%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Barclays raised their target price on shares of Ingersoll Rand from $101.00 to $105.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Evercore ISI cut their price objective on Ingersoll Rand from $93.00 to $88.00 and set an "in-line" rating on the stock in a research report on Monday, August 19th. Cfra increased their target price on Ingersoll Rand from $85.00 to $95.00 and gave the stock a "hold" rating in a research report on Friday, October 4th. Wells Fargo & Company upped their price target on Ingersoll Rand from $100.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, October 7th. Finally, Stifel Nicolaus upped their target price on shares of Ingersoll Rand from $101.00 to $112.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $101.67.

Insider Activity at Ingersoll Rand

In related news, insider Vicente Reynal sold 50,000 shares of the company's stock in a transaction dated 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 transaction, the insider now directly owns 100,367 shares in the company, valued at approximately $9,284,951.17. This 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. In other Ingersoll Rand news, insider Kathleen M. Keene sold 4,629 shares of the company's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $89.99, for a total value of $416,563.71. Following the transaction, the insider now directly owns 3,829 shares in the company, valued at $344,571.71. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Vicente Reynal sold 50,000 shares of the business'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 value of $4,625,500.00. Following the completion of the sale, the insider now owns 100,367 shares of the company's stock, valued at $9,284,951.17. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,129 shares of company stock worth $5,727,714. Company insiders own 0.68% of the company's stock.

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.