Stifel Financial Corp Purchases 24,792 Shares of Ingersoll Rand Inc. (NYSE:IR)

Stifel Financial Corp lifted its holdings in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 21.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,232 shares of the industrial products company's stock after acquiring an additional 24,792 shares during the period. Stifel Financial Corp's holdings in Ingersoll Rand were worth $13,962,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC increased its stake in Ingersoll Rand by 10.5% in the third quarter. FMR LLC now owns 16,152,094 shares of the industrial products company's stock valued at $1,585,489,000 after purchasing an additional 1,538,056 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Ingersoll Rand by 1.7% in the 3rd quarter. Fisher Asset Management LLC now owns 6,744,839 shares of the industrial products company's stock worth $662,074,000 after acquiring an additional 114,727 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Ingersoll Rand by 6.9% during the second 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. Charles Schwab Investment Management Inc. boosted its holdings in Ingersoll Rand by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,208,267 shares of the industrial products company's stock worth $216,763,000 after purchasing an additional 21,289 shares during the last quarter. Finally, Ensign Peak Advisors Inc grew its position in Ingersoll Rand by 20.8% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,454,956 shares of the industrial products company's stock worth $132,168,000 after purchasing an additional 250,712 shares in the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Ingersoll Rand Price Performance

Shares of NYSE:IR traded down $0.23 during trading on Wednesday, reaching $101.61. The company had a trading volume of 1,167,146 shares, compared to its average volume of 2,476,470. Ingersoll Rand Inc. has a 12 month low of $73.52 and a 12 month high of $106.03. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $40.95 billion, a P/E ratio of 49.55, a price-to-earnings-growth ratio of 3.88 and a beta of 1.42. The company has a fifty day moving average of $101.02 and a two-hundred day moving average of $95.61.

Ingersoll Rand Dividend Announcement

The company also recently declared 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 dividend payout ratio (DPR) is currently 3.90%.

Insider Transactions at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 2,531 shares of the firm's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total transaction of $246,620.64. Following the transaction, the chief accounting officer now directly owns 11,910 shares of the company's stock, valued at approximately $1,160,510.40. This trade represents a 17.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.68% of the company's stock.

Analyst Upgrades and Downgrades

IR has been the subject of several recent analyst reports. Morgan Stanley initiated coverage on Ingersoll Rand in a report on Friday, September 6th. They issued an "equal weight" rating and a $97.00 target price for the company. Barclays boosted their price target on shares of Ingersoll Rand from $105.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Evercore ISI decreased their price objective on shares of Ingersoll Rand from $93.00 to $88.00 and set an "in-line" rating for the company in a report on Monday, August 19th. Stifel Nicolaus cut shares of Ingersoll Rand from a "buy" rating to a "hold" rating and dropped their target price for the company from $112.00 to $107.00 in a research note on Monday, November 18th. Finally, Wolfe Research raised shares of Ingersoll Rand to a "hold" rating in a report on Friday, September 20th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Ingersoll Rand presently has an average rating of "Moderate Buy" and an average target price of $105.67.

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.