Ingersoll Rand Inc. (NYSE:IR) CAO Michael J. Scheske Sells 2,531 Shares

Ingersoll Rand Inc. (NYSE:IR) 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 sale, the chief accounting officer now owns 11,910 shares in the company, valued at $1,160,510.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Ingersoll Rand Stock Performance

Shares of NYSE:IR opened at $102.62 on Friday. The firm’s 50 day simple moving average is $96.29 and its 200-day simple moving average is $93.84. 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 Inc. has a one year low of $66.30 and a one year high of $103.96. The firm has a market cap of $41.36 billion, a PE ratio of 50.06, a price-to-earnings-growth ratio of 2.59 and a beta of 1.42.

Ingersoll Rand Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on IR shares. Stifel Nicolaus upped their price objective on Ingersoll Rand from $101.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Evercore ISI decreased their price target on Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating on the stock in a report on Monday, August 19th. 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 price objective for the company. Cfra increased their target price on shares of Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Finally, Barclays lifted their price target on shares of Ingersoll Rand from $101.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Ingersoll Rand presently has an average rating of “Moderate Buy” and an average target price of $101.67.

Institutional Investors Weigh In On Ingersoll Rand

Hedge funds have recently made changes to their positions in the company. Intech Investment Management LLC raised its holdings in shares of Ingersoll Rand by 28.2% in the third quarter. Intech Investment Management LLC now owns 101,745 shares of the industrial products company’s stock valued at $9,987,000 after acquiring an additional 22,401 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Ingersoll Rand by 3.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 25,840 shares of the industrial products company’s stock valued at $2,536,000 after purchasing an additional 950 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Ingersoll Rand in the 3rd quarter worth approximately $2,285,000. Fifth Third Wealth Advisors LLC boosted its stake in shares of Ingersoll Rand by 7.1% during the third quarter. Fifth Third Wealth Advisors LLC now owns 7,755 shares of the industrial products company’s stock valued at $761,000 after purchasing an additional 512 shares in the last quarter. Finally, Pathstone Holdings LLC increased its holdings in Ingersoll Rand by 3.7% during the third quarter. Pathstone Holdings LLC now owns 32,760 shares of the industrial products company’s stock valued at $3,216,000 after buying an additional 1,171 shares during the period. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

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.