Ingersoll Rand Inc. (NYSE:IR) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its position in Ingersoll Rand Inc. (NYSE:IR) by 100.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,223 shares of the industrial products company’s stock after acquiring an additional 11,124 shares during the period. Sanctuary Advisors LLC’s holdings in Ingersoll Rand were worth $2,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Ridgewood Investments LLC purchased a new position in Ingersoll Rand during the 2nd quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Ingersoll Rand in the third quarter worth $34,000. UMB Bank n.a. raised its holdings in shares of Ingersoll Rand by 196.8% during the second quarter. UMB Bank n.a. now owns 466 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 309 shares during the last quarter. Eastern Bank acquired a new position in Ingersoll Rand during the third quarter valued at $42,000. Finally, Rothschild Investment LLC acquired a new position in Ingersoll Rand during the second quarter valued at $43,000. 95.27% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $1,160,510.40. This trade represents a 17.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

Ingersoll Rand Price Performance

NYSE:IR opened at $92.87 on Thursday. The firm has a market cap of $37.43 billion, a P/E ratio of 45.30, a price-to-earnings-growth ratio of 3.86 and a beta of 1.42. The stock has a 50 day moving average of $100.94 and a two-hundred day moving average of $95.84. Ingersoll Rand Inc. has a 12 month low of $74.01 and a 12 month high of $106.03. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th were issued a $0.02 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.09%. Ingersoll Rand’s payout ratio is currently 3.90%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on Ingersoll Rand from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Wolfe Research upgraded Ingersoll Rand to a “hold” rating in a research report on Friday, September 20th. Barclays upped their price objective on Ingersoll Rand from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Robert W. Baird cut their target price on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Finally, Morgan Stanley initiated coverage on shares of Ingersoll Rand in a report on Friday, September 6th. They set an “equal weight” rating and a $97.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $107.67.

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.