Ingersoll Rand Inc. (NYSE:IR) Shares Sold by Tidal Investments LLC

Tidal Investments LLC trimmed its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 20.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,144 shares of the industrial products company’s stock after selling 5,544 shares during the period. Tidal Investments LLC’s holdings in Ingersoll Rand were worth $2,075,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of IR. Wealth Enhancement Advisory Services LLC raised its holdings in Ingersoll Rand by 11.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,327 shares of the industrial products company’s stock worth $1,483,000 after purchasing an additional 1,697 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Ingersoll Rand by 10.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,913 shares of the industrial products company’s stock worth $628,000 after buying an additional 645 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Ingersoll Rand by 4.4% in the second quarter. Assenagon Asset Management S.A. now owns 13,232 shares of the industrial products company’s stock valued at $1,202,000 after buying an additional 559 shares during the period. Blue Trust Inc. boosted its stake in Ingersoll Rand by 308.0% during the second quarter. Blue Trust Inc. now owns 1,020 shares of the industrial products company’s stock valued at $97,000 after buying an additional 770 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in Ingersoll Rand by 17.4% during the second quarter. Raymond James & Associates now owns 234,153 shares of the industrial products company’s stock worth $21,270,000 after acquiring an additional 34,754 shares during the period. 95.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

IR has been the subject of several research reports. Cfra raised their price objective on shares of Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Robert W. Baird reduced their target price on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Wolfe Research raised Ingersoll Rand to a “hold” rating in a report on Friday, September 20th. Evercore ISI reduced their price objective on Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating for the company in a research note on Monday, August 19th. Finally, UBS Group began coverage on Ingersoll Rand in a report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and an average price target of $107.67.

Ingersoll Rand Trading Down 1.2 %

NYSE:IR opened at $99.85 on Tuesday. The stock has a market cap of $40.24 billion, a PE ratio of 48.71, a price-to-earnings-growth ratio of 3.86 and a beta of 1.42. Ingersoll Rand Inc. has a fifty-two week low of $74.01 and a fifty-two week high of $106.03. 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 stock’s 50-day moving average is $101.10 and its two-hundred day moving average is $95.83.

Ingersoll Rand Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date was Thursday, November 14th. Ingersoll Rand’s payout ratio is presently 3.90%.

Insider Buying and Selling at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 2,531 shares of the firm’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 sale, the chief accounting officer now directly owns 11,910 shares of the company’s stock, valued at $1,160,510.40. This trade represents a 17.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.68% of the company’s stock.

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.