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Wilmington Savings Fund Society FSB Buys New Stake in Ingersoll Rand Inc. (NYSE:IR)

Ingersoll Rand logo with Industrial Products background

Wilmington Savings Fund Society FSB acquired a new position in Ingersoll Rand Inc. (NYSE:IR - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,730 shares of the industrial products company's stock, valued at approximately $562,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ridgewood Investments LLC purchased a new position in shares of Ingersoll Rand during the 2nd quarter worth $25,000. Ashton Thomas Securities LLC purchased a new position in Ingersoll Rand during the third quarter valued at $34,000. UMB Bank n.a. grew its holdings in Ingersoll Rand by 196.8% during the second quarter. UMB Bank n.a. now owns 466 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 309 shares during the period. Eastern Bank purchased a new stake in Ingersoll Rand in the third quarter worth about $42,000. Finally, Rothschild Investment LLC bought a new position in shares of Ingersoll Rand in the second quarter worth about $43,000. Hedge funds and other institutional investors own 95.27% of the company's stock.

Ingersoll Rand Stock Down 1.2 %

Shares of NYSE:IR traded down $1.25 during trading hours on Monday, hitting $99.85. The company's stock had a trading volume of 1,936,300 shares, compared to its average volume of 2,467,549. 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 firm's fifty day moving average price is $101.10 and its 200 day moving average price is $95.78. Ingersoll Rand Inc. has a 52 week low of $74.01 and a 52 week high of $106.03. The company has a market capitalization of $40.24 billion, a price-to-earnings ratio of 49.32, a P/E/G ratio of 3.86 and a beta of 1.42.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors 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 annualized dividend and a dividend yield of 0.08%. Ingersoll Rand's dividend payout ratio (DPR) is presently 3.90%.

Insider Activity at Ingersoll Rand

In related news, CAO Michael J. Scheske sold 2,531 shares of the business's stock in a transaction 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 directly owns 11,910 shares in the company, valued at $1,160,510.40. The trade was a 17.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.68% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on IR shares. Wolfe Research raised shares of Ingersoll Rand to a "hold" rating in a report on Friday, September 20th. The Goldman Sachs Group lifted their target price on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a "buy" rating in a research note on Thursday. Wells Fargo & Company raised their price target on Ingersoll Rand from $100.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, October 7th. Barclays upped their price objective on Ingersoll Rand from $105.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Finally, Citigroup lifted their target price on Ingersoll Rand from $112.00 to $119.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $107.67.

View Our Latest Analysis on IR

About Ingersoll Rand

(Free Report)

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.

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Institutional Ownership by Quarter for Ingersoll Rand (NYSE:IR)

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