Daiwa Securities Group Inc. Grows Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Daiwa Securities Group Inc. boosted its holdings in Ingersoll Rand Inc. (NYSE:IR) by 9.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,827 shares of the industrial products company’s stock after buying an additional 7,784 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Ingersoll Rand were worth $8,916,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Swedbank AB lifted its position in shares of Ingersoll Rand by 34.0% during the 2nd quarter. Swedbank AB now owns 780,712 shares of the industrial products company’s stock worth $70,920,000 after buying an additional 198,200 shares during the last quarter. Bayesian Capital Management LP lifted its position in Ingersoll Rand by 334.6% in the first quarter. Bayesian Capital Management LP now owns 11,300 shares of the industrial products company’s stock valued at $1,073,000 after acquiring an additional 8,700 shares during the last quarter. GDS Wealth Management boosted its stake in Ingersoll Rand by 6.4% in the third quarter. GDS Wealth Management now owns 167,248 shares of the industrial products company’s stock valued at $16,417,000 after acquiring an additional 10,081 shares in the last quarter. AXA S.A. grew its holdings in shares of Ingersoll Rand by 81.4% during the second quarter. AXA S.A. now owns 87,829 shares of the industrial products company’s stock worth $7,978,000 after purchasing an additional 39,417 shares during the last quarter. Finally, Candriam S.C.A. increased its position in shares of Ingersoll Rand by 3.0% during the second quarter. Candriam S.C.A. now owns 199,419 shares of the industrial products company’s stock worth $18,114,000 after purchasing an additional 5,797 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on IR shares. UBS Group initiated coverage on Ingersoll Rand in a research report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 target price for the company. Morgan Stanley started coverage on Ingersoll Rand in a report on Friday, September 6th. They issued an “equal weight” rating and a $97.00 price objective for the company. Wells Fargo & Company lifted their target price on shares of Ingersoll Rand from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, October 7th. 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 note on Friday, October 4th. Finally, Robert W. Baird lowered 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 report on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Ingersoll Rand presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.83.

Ingersoll Rand Trading Up 1.3 %

Shares of Ingersoll Rand stock opened at $105.36 on Tuesday. 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 firm has a market cap of $42.46 billion, a price-to-earnings ratio of 51.40, a price-to-earnings-growth ratio of 3.95 and a beta of 1.42. Ingersoll Rand Inc. has a 52-week low of $69.46 and a 52-week high of $106.03. The company’s 50-day simple moving average is $99.49 and its 200-day simple moving average is $94.81.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid 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 is Thursday, November 14th. Ingersoll Rand’s dividend payout ratio (DPR) is 3.90%.

Insider Activity 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 shares were sold at an average price of $97.44, for a total transaction 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 represents a 17.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.68% of the company’s stock.

About Ingersoll Rand

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.