Ingersoll Rand Inc. (NYSE:IR) Stock Position Decreased by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P decreased its position in Ingersoll Rand Inc. (NYSE:IR) by 23.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 136,506 shares of the industrial products company’s stock after selling 40,678 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Ingersoll Rand were worth $13,400,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. DRW Securities LLC acquired a new position in shares of Ingersoll Rand during the 3rd quarter worth $543,000. Fisher Asset Management LLC boosted its holdings 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 worth $662,074,000 after purchasing an additional 114,727 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Ingersoll Rand by 9.4% during the third quarter. Daiwa Securities Group Inc. now owns 90,827 shares of the industrial products company’s stock worth $8,916,000 after buying an additional 7,784 shares during the last quarter. Hartford Funds Management Co LLC raised its holdings in Ingersoll Rand by 15.0% during the third quarter. Hartford Funds Management Co LLC now owns 6,795 shares of the industrial products company’s stock valued at $667,000 after buying an additional 884 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its position in shares of Ingersoll Rand by 3.1% in the third quarter. Raymond James Trust N.A. now owns 15,511 shares of the industrial products company’s stock worth $1,523,000 after buying an additional 462 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Insider Activity

In related news, CAO Michael J. Scheske sold 2,531 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total value of $246,620.64. Following the sale, the chief accounting officer now owns 11,910 shares of the company’s stock, valued at $1,160,510.40. The trade was a 17.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.68% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Cfra increased their price objective on Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a report on Friday, October 4th. Barclays lifted their price target 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. Wells Fargo & Company upped their price objective on shares of Ingersoll Rand from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Wolfe Research upgraded shares of Ingersoll Rand to a “hold” rating in a report on Friday, September 20th. Finally, UBS Group initiated coverage on shares of Ingersoll Rand in a research report on Wednesday, November 13th. They set a “buy” rating and a $124.00 target price for the company. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $103.83.

Ingersoll Rand Stock Down 0.6 %

IR stock opened at $104.72 on Wednesday. Ingersoll Rand Inc. has a twelve month low of $69.46 and a twelve month 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 has a market cap of $42.20 billion, a PE ratio of 51.08, a price-to-earnings-growth ratio of 3.95 and a beta of 1.42. The business’s 50-day simple moving average is $99.70 and its 200 day simple moving average is $94.91.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.08%. The ex-dividend date is Thursday, November 14th. Ingersoll Rand’s payout ratio is presently 3.90%.

Ingersoll Rand 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.