Empowered Funds LLC Purchases 463 Shares of Ingersoll Rand Inc. (NYSE:IR)

Empowered Funds LLC boosted its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 7.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,416 shares of the industrial products company’s stock after buying an additional 463 shares during the period. Empowered Funds LLC’s holdings in Ingersoll Rand were worth $630,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of IR. Natixis increased its stake in Ingersoll Rand by 327.2% in the first quarter. Natixis now owns 4,857 shares of the industrial products company’s stock valued at $461,000 after acquiring an additional 3,720 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Ingersoll Rand by 41.7% in the 1st quarter. Advisors Asset Management Inc. now owns 19,696 shares of the industrial products company’s stock valued at $1,870,000 after purchasing an additional 5,794 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Ingersoll Rand by 44.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 242,735 shares of the industrial products company’s stock worth $23,048,000 after buying an additional 74,788 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Ingersoll Rand during the 1st quarter worth $314,000. Finally, Bayesian Capital Management LP boosted its stake 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 buying an additional 8,700 shares in the last quarter. 95.27% of the stock is owned by institutional investors.

Ingersoll Rand Trading Up 0.9 %

NYSE IR opened at $104.00 on Friday. The firm has a market capitalization of $41.91 billion, a PE ratio of 50.73, a price-to-earnings-growth ratio of 3.91 and a beta of 1.42. The business’s 50-day moving average price is $99.20 and its two-hundred day moving average price is $94.68. 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 Inc. has a 12 month low of $69.46 and a 12 month high of $105.63.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.08%. The ex-dividend date is Thursday, November 14th. Ingersoll Rand’s payout ratio is presently 3.90%.

Insider Buying and Selling at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 2,531 shares of Ingersoll Rand stock in a transaction dated 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 directly owns 11,910 shares of the company’s stock, valued at approximately $1,160,510.40. This trade represents a 17.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kathleen M. Keene sold 4,629 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $89.99, for a total value of $416,563.71. Following the sale, the insider now owns 3,829 shares in the company, valued at approximately $344,571.71. The trade was a 54.73 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

IR has been the subject of several research analyst reports. Cfra boosted their target price on Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Wolfe Research raised shares of Ingersoll Rand to a “hold” rating in a research note on Friday, September 20th. Stifel Nicolaus cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating and decreased their target price for the stock from $112.00 to $107.00 in a research note on Monday, November 18th. Barclays increased their price target on Ingersoll Rand from $101.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, UBS Group assumed coverage on Ingersoll Rand in a research report on Wednesday, November 13th. They set a “buy” rating and a $124.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $103.83.

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.