Sanctuary Advisors LLC Raises Position in Ingersoll Rand Inc. (NYSE:IR)

Sanctuary Advisors LLC raised its holdings in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 100.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,223 shares of the industrial products company's stock after purchasing an additional 11,124 shares during the quarter. Sanctuary Advisors LLC's holdings in Ingersoll Rand were worth $2,311,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IR. FMR LLC boosted its holdings in Ingersoll Rand by 10.5% during the third quarter. FMR LLC now owns 16,152,094 shares of the industrial products company's stock worth $1,585,489,000 after buying an additional 1,538,056 shares in the last quarter. State Street Corp raised its position in shares of Ingersoll Rand by 0.7% in the third quarter. State Street Corp now owns 15,776,908 shares of the industrial products company's stock worth $1,548,661,000 after acquiring an additional 112,824 shares during the period. Geode Capital Management LLC boosted its stake in shares of Ingersoll Rand by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 9,436,467 shares of the industrial products company's stock worth $923,087,000 after acquiring an additional 54,952 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Ingersoll Rand by 1.7% during the 3rd quarter. Fisher Asset Management LLC now owns 6,744,839 shares of the industrial products company's stock valued at $662,074,000 after acquiring an additional 114,727 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of 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 valued at $314,549,000 after purchasing an additional 224,463 shares in the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on IR shares. Stifel Nicolaus downgraded shares of Ingersoll Rand from a "buy" rating to a "hold" rating and decreased their price objective for the company from $112.00 to $107.00 in a report on Monday, November 18th. Barclays lifted their price objective on Ingersoll Rand from $105.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Robert W. Baird reduced their target price on Ingersoll Rand from $114.00 to $109.00 and set an "outperform" rating for the company in a report on Monday, November 4th. Citigroup raised their target price on Ingersoll Rand from $112.00 to $119.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Finally, Wolfe Research upgraded Ingersoll Rand to a "hold" rating in a research report on Friday, September 20th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $107.67.

Insider Buying and Selling

In related news, CAO Michael J. Scheske sold 2,531 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total value of $246,620.64. Following 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.68% of the company's stock.

Ingersoll Rand Stock Down 1.7 %

Shares of IR traded down $1.61 during midday trading on Thursday, hitting $91.26. The company had a trading volume of 3,183,215 shares, compared to its average volume of 2,474,226. Ingersoll Rand Inc. has a 1 year low of $74.01 and a 1 year high of $106.03. The firm has a market capitalization of $36.78 billion, a P/E ratio of 44.52, a P/E/G ratio of 3.86 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. The company's 50-day simple moving average is $100.94 and its 200-day simple moving average is $95.84.

Ingersoll Rand Announces Dividend

The company also recently disclosed 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 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%.

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.