Ingersoll Rand Inc. (NYSE:IR) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its position in Ingersoll Rand Inc. (NYSE:IR - Free Report) by 14.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,111,313 shares of the industrial products company's stock after selling 710,401 shares during the quarter. Wellington Management Group LLP owned about 1.02% of Ingersoll Rand worth $403,566,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of 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 during the period. State Street Corp boosted its position in Ingersoll Rand by 0.7% during the 3rd quarter. State Street Corp now owns 15,776,908 shares of the industrial products company's stock valued at $1,548,661,000 after acquiring an additional 112,824 shares in the last quarter. Fisher Asset Management LLC grew its stake in Ingersoll Rand by 1.7% in the third quarter. Fisher Asset Management LLC now owns 6,744,839 shares of the industrial products company's stock valued at $662,074,000 after purchasing an additional 114,727 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Ingersoll Rand by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,462,558 shares of the industrial products company's stock worth $314,549,000 after purchasing an additional 224,463 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of 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 valued at $216,763,000 after buying an additional 21,289 shares during the last quarter. Institutional investors own 95.27% of the company's stock.

Insider Activity at Ingersoll Rand

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of the stock in a transaction that occurred on 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 owns 11,910 shares in the company, valued at approximately $1,160,510.40. This represents a 17.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.68% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on IR. 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 report on Monday, October 7th. Robert W. Baird decreased their price target on Ingersoll Rand from $114.00 to $109.00 and set an "outperform" rating for the company in a research note on Monday, November 4th. Cfra boosted their price target on Ingersoll Rand from $85.00 to $95.00 and gave the stock a "hold" rating in a research note on Friday, October 4th. Stifel Nicolaus cut shares of Ingersoll Rand from a "buy" rating to a "hold" rating and lowered their target price for the stock from $112.00 to $107.00 in a research note on Monday, November 18th. Finally, Wolfe Research upgraded shares of Ingersoll Rand to a "hold" rating in a research note on Friday, September 20th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $105.08.

Ingersoll Rand Stock Performance

NYSE:IR traded down $0.68 during mid-day trading on Friday, hitting $102.28. The company's stock had a trading volume of 1,557,218 shares, compared to its average volume of 1,827,979. The business's fifty day moving average is $100.86 and its two-hundred day moving average is $95.52. The stock has a market cap of $41.22 billion, a price-to-earnings ratio of 49.89, 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. Ingersoll Rand Inc. has a 1 year low of $71.54 and a 1 year high of $106.03.

Ingersoll Rand Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 14th were given 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 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.