8,807 Shares in Ingersoll Rand Inc. (NYSE:IR) Bought by Virtu Financial LLC

Virtu Financial LLC purchased a new position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,807 shares of the industrial products company's stock, valued at approximately $864,000.

A number of other large investors also recently modified their holdings of the business. Sequoia Financial Advisors LLC grew its stake in shares of Ingersoll Rand by 10.5% in the second quarter. Sequoia Financial Advisors LLC now owns 4,489 shares of the industrial products company's stock valued at $408,000 after buying an additional 426 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Ingersoll Rand by 11.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,327 shares of the industrial products company's stock valued at $1,483,000 after purchasing an additional 1,697 shares during the period. ORG Partners LLC acquired a new stake in Ingersoll Rand in the 2nd quarter valued at about $81,000. Envestnet Portfolio Solutions Inc. grew its holdings in Ingersoll Rand by 10.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,913 shares of the industrial products company's stock worth $628,000 after purchasing an additional 645 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in Ingersoll Rand by 4.4% during the second quarter. Assenagon Asset Management S.A. now owns 13,232 shares of the industrial products company's stock worth $1,202,000 after buying an additional 559 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on IR. UBS Group initiated coverage on Ingersoll Rand in a research note on Wednesday, November 13th. They set a "buy" rating and a $124.00 target price for the company. Citigroup upped their price objective on shares of Ingersoll Rand from $112.00 to $119.00 and gave the company a "buy" rating in a report on Monday, December 9th. Stifel Nicolaus cut shares of Ingersoll Rand from a "buy" rating to a "hold" rating and cut their target price for the stock from $112.00 to $107.00 in a research note on Monday, November 18th. Evercore ISI decreased their price target on shares of Ingersoll Rand from $93.00 to $88.00 and set an "in-line" rating on the stock in a research note on Monday, August 19th. Finally, Barclays raised their price objective on shares of Ingersoll Rand from $105.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $107.67.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of the business'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 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. The trade was a 17.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.68% of the company's stock.

Ingersoll Rand Price Performance

Shares of NYSE:IR traded down $0.32 during trading on Friday, reaching $101.10. 1,441,864 shares of the company traded hands, compared to its average volume of 2,469,672. The firm has a market capitalization of $40.74 billion, a PE ratio of 49.32, a PEG ratio of 3.86 and a beta of 1.42. Ingersoll Rand Inc. has a 52 week low of $74.01 and a 52 week high of $106.03. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46. The company's 50 day moving average is $101.10 and its two-hundred day moving average is $95.73.

Ingersoll Rand Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.08%. Ingersoll Rand's payout ratio 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.