Ingersoll Rand Inc. (NYSE:IR) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 4.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,642,196 shares of the industrial products company's stock after selling 247,243 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.40% of Ingersoll Rand worth $553,838,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IR. Swedbank AB raised its stake in shares of Ingersoll Rand by 34.0% in the second quarter. Swedbank AB now owns 780,712 shares of the industrial products company's stock worth $70,920,000 after buying an additional 198,200 shares during the period. GDS Wealth Management lifted its holdings in Ingersoll Rand by 6.4% during the third quarter. GDS Wealth Management now owns 167,248 shares of the industrial products company's stock valued at $16,417,000 after purchasing an additional 10,081 shares in the last quarter. AXA S.A. boosted its position in shares of Ingersoll Rand by 81.4% in the second quarter. AXA S.A. now owns 87,829 shares of the industrial products company's stock worth $7,978,000 after purchasing an additional 39,417 shares during the period. Candriam S.C.A. increased its stake in shares of Ingersoll Rand by 3.0% in the second quarter. Candriam S.C.A. now owns 199,419 shares of the industrial products company's stock worth $18,114,000 after purchasing an additional 5,797 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Ingersoll Rand by 59.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 77,268 shares of the industrial products company's stock valued at $7,019,000 after purchasing an additional 28,938 shares during the period. 95.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on IR shares. Morgan Stanley assumed coverage on shares of Ingersoll Rand in a research note on Friday, September 6th. They issued an "equal weight" rating and a $97.00 price target on the stock. Cfra boosted their price target on shares of Ingersoll Rand from $85.00 to $95.00 and gave the stock a "hold" rating in a research report on Friday, October 4th. Evercore ISI lowered their price target 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. Wells Fargo & Company boosted their price objective 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, Barclays boosted their price objective on shares of Ingersoll Rand from $101.00 to $105.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $103.83.

Insider Activity at Ingersoll Rand

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of the firm's 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 completion of the transaction, the chief accounting officer now 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.68% of the stock is currently owned by corporate insiders.

Ingersoll Rand Stock Up 0.2 %

Ingersoll Rand stock traded up $0.19 during trading hours on Friday, reaching $104.24. The stock had a trading volume of 907,089 shares, compared to its average volume of 2,505,369. Ingersoll Rand Inc. has a 52 week low of $69.51 and a 52 week high of $106.03. The company has a market cap of $42.01 billion, a price-to-earnings ratio of 50.85, a PEG ratio of 3.95 and a beta of 1.42. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71. The business's 50 day moving average price is $100.18 and its 200-day moving average price is $95.13.

Ingersoll Rand Announces Dividend

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

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.