Ingersoll Rand Inc. (NYSE:IR) Stock Holdings Lifted by Avestar Capital LLC

Avestar Capital LLC raised its position in Ingersoll Rand Inc. (NYSE:IR) by 11.2% during the third quarter, HoldingsChannel.com reports. The firm owned 3,278 shares of the industrial products company’s stock after buying an additional 329 shares during the quarter. Avestar Capital LLC’s holdings in Ingersoll Rand were worth $322,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IR. FMR LLC grew its stake in 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 in the last quarter. Swedbank AB bought a new stake in shares of Ingersoll Rand during the 1st quarter worth about $55,310,000. International Assets Investment Management LLC boosted its stake in shares of Ingersoll Rand by 9,681.5% during the 3rd quarter. International Assets Investment Management LLC now owns 360,349 shares of the industrial products company’s stock worth $353,720,000 after acquiring an additional 356,665 shares in the last quarter. Ensign Peak Advisors Inc boosted its stake in shares of Ingersoll Rand by 20.8% during the 2nd quarter. Ensign Peak Advisors Inc now owns 1,454,956 shares of the industrial products company’s stock worth $132,168,000 after acquiring an additional 250,712 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Ingersoll Rand by 6.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,462,558 shares of the industrial products company’s stock worth $314,549,000 after acquiring an additional 224,463 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

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 that occurred on 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 transaction, the chief accounting officer now owns 11,910 shares of the company’s stock, valued at $1,160,510.40. This represents a 17.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on IR. Morgan Stanley began coverage on Ingersoll Rand in a research note on Friday, September 6th. They set an “equal weight” rating and a $97.00 price target for the company. Barclays upped their price target on Ingersoll Rand from $101.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Wolfe Research upgraded Ingersoll Rand to a “hold” rating in a research note on Friday, September 20th. Wells Fargo & Company boosted their price objective on Ingersoll Rand from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Finally, Stifel Nicolaus cut Ingersoll Rand from a “buy” rating to a “hold” rating and cut their price objective for the stock from $112.00 to $107.00 in a research report on Monday, November 18th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ingersoll Rand presently has an average rating of “Moderate Buy” and an average price target of $103.83.

Ingersoll Rand Trading Down 0.7 %

Ingersoll Rand stock opened at $104.05 on Thursday. The business has a 50 day moving average price of $99.91 and a two-hundred day moving average price of $94.97. 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 stock has a market cap of $41.93 billion, a price-to-earnings ratio of 50.76, a price-to-earnings-growth ratio of 4.00 and a beta of 1.42. Ingersoll Rand Inc. has a 12 month low of $69.46 and a 12 month high of $106.03.

Ingersoll Rand Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a $0.02 dividend. The ex-dividend date of this dividend 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 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.