Banque Cantonale Vaudoise Reduces Stock Position in Ingersoll Rand Inc. (NYSE:IR)

Banque Cantonale Vaudoise lessened its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 8.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,883 shares of the industrial products company’s stock after selling 2,084 shares during the period. Banque Cantonale Vaudoise’s holdings in Ingersoll Rand were worth $2,344,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Avantax Advisory Services Inc. purchased a new position in Ingersoll Rand during the 1st quarter valued at $237,000. Covestor Ltd raised its stake in Ingersoll Rand by 184.3% in the first quarter. Covestor Ltd now owns 634 shares of the industrial products company’s stock worth $60,000 after buying an additional 411 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Ingersoll Rand by 29.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 16,711 shares of the industrial products company’s stock worth $1,587,000 after buying an additional 3,772 shares during the period. UniSuper Management Pty Ltd boosted its position in Ingersoll Rand by 308.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 15,557 shares of the industrial products company’s stock valued at $1,477,000 after acquiring an additional 11,751 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of Ingersoll Rand by 1.3% during the 1st quarter. Bessemer Group Inc. now owns 22,148 shares of the industrial products company’s stock worth $2,102,000 after acquiring an additional 285 shares during the period. Institutional investors own 95.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Cfra raised their target price on Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Robert W. Baird dropped their target price on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Wolfe Research upgraded shares of Ingersoll Rand to a “hold” rating in a research note on Friday, September 20th. UBS Group assumed coverage on shares of Ingersoll Rand in a research note on Wednesday, November 13th. They set a “buy” rating and a $124.00 price objective on the stock. Finally, Morgan Stanley assumed coverage on shares of Ingersoll Rand in a research note on Friday, September 6th. They set an “equal weight” rating and a $97.00 target price for the company. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.83.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total value of $246,620.64. Following the completion of the sale, the chief accounting officer now owns 11,910 shares in the company, valued at $1,160,510.40. This represents a 17.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Kathleen M. Keene sold 4,629 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $89.99, for a total value of $416,563.71. Following the transaction, the insider now owns 3,829 shares of the company’s stock, valued at approximately $344,571.71. This trade represents a 54.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

Ingersoll Rand Stock Up 0.7 %

IR stock opened at $102.38 on Wednesday. The business’s 50-day moving average is $98.40 and its two-hundred day moving average is $94.42. The company has a market cap of $41.26 billion, a price-to-earnings ratio of 49.94, a P/E/G ratio of 3.89 and a beta of 1.42. Ingersoll Rand Inc. has a fifty-two week low of $69.46 and a fifty-two week high of $105.63. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36.

Ingersoll Rand Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.08 annualized dividend and a yield of 0.08%. Ingersoll Rand’s dividend payout ratio (DPR) is 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.