Empirical Finance LLC Has $1.28 Million Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Empirical Finance LLC lifted its stake in Ingersoll Rand Inc. (NYSE:IR) by 2.3% in the third quarter, HoldingsChannel reports. The firm owned 13,057 shares of the industrial products company’s stock after purchasing an additional 296 shares during the period. Empirical Finance LLC’s holdings in Ingersoll Rand were worth $1,282,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. increased its position in shares of Ingersoll Rand by 5.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 6,268 shares of the industrial products company’s stock worth $595,000 after acquiring an additional 328 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in Ingersoll Rand during the 1st quarter worth approximately $220,000. Headlands Technologies LLC acquired a new stake in Ingersoll Rand during the 1st quarter valued at $28,000. QRG Capital Management Inc. lifted its holdings in shares of Ingersoll Rand by 15.1% in the first quarter. QRG Capital Management Inc. now owns 5,443 shares of the industrial products company’s stock valued at $517,000 after purchasing an additional 714 shares in the last quarter. Finally, Avantax Advisory Services Inc. acquired a new stake in shares of Ingersoll Rand in the first quarter worth $237,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Trading Down 0.5 %

Shares of NYSE:IR opened at $102.43 on Friday. Ingersoll Rand Inc. has a 1 year low of $69.46 and a 1 year high of $105.63. The firm has a fifty day moving average price of $97.83 and a 200 day moving average price of $94.23. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $41.28 billion, a PE ratio of 49.97, a P/E/G ratio of 3.96 and a beta of 1.42.

Ingersoll Rand Announces Dividend

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

Analyst Ratings Changes

IR has been the topic of several recent analyst reports. Morgan Stanley initiated coverage on Ingersoll Rand in a research report on Friday, September 6th. They set an “equal weight” rating and a $97.00 price target on the stock. Cfra increased their price target on shares of Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Wells Fargo & Company raised their price target 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. Robert W. Baird dropped their price objective on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Finally, Stifel Nicolaus lifted their target price on shares of Ingersoll Rand from $101.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Ingersoll Rand has a consensus rating of “Moderate Buy” and a consensus price target of $104.25.

Insider Activity at Ingersoll Rand

In related news, CAO Michael J. Scheske sold 2,531 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total value of $246,620.64. Following the transaction, the chief accounting officer now directly owns 11,910 shares in the company, valued at approximately $1,160,510.40. This trade represents a 17.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Elizabeth Meloy Hepding sold 7,500 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $91.42, for a total transaction of $685,650.00. Following the transaction, the insider now directly owns 6,559 shares of the company’s stock, valued at approximately $599,623.78. This represents a 53.35 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,660 shares of company stock valued at $1,348,834. Corporate insiders own 0.68% of the company’s stock.

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.