Pathstone Holdings LLC Grows Holdings in Ingersoll Rand Inc. (NYSE:IR)

Pathstone Holdings LLC raised its holdings in Ingersoll Rand Inc. (NYSE:IR) by 3.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,760 shares of the industrial products company’s stock after purchasing an additional 1,171 shares during the quarter. Pathstone Holdings LLC’s holdings in Ingersoll Rand were worth $3,216,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Swedbank AB acquired a new position in Ingersoll Rand in the 1st quarter valued at $55,310,000. International Assets Investment Management LLC increased its stake in shares of Ingersoll Rand by 9,681.5% during the third quarter. International Assets Investment Management LLC now owns 360,349 shares of the industrial products company’s stock worth $353,720,000 after acquiring an additional 356,665 shares during the period. Ensign Peak Advisors Inc raised its holdings in Ingersoll Rand by 20.8% during the second quarter. Ensign Peak Advisors Inc now owns 1,454,956 shares of the industrial products company’s stock worth $132,168,000 after purchasing an additional 250,712 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Ingersoll Rand by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,462,558 shares of the industrial products company’s stock valued at $314,549,000 after purchasing an additional 224,463 shares during the period. Finally, Robeco Schweiz AG boosted its holdings in Ingersoll Rand by 52.8% in the 2nd quarter. Robeco Schweiz AG now owns 521,365 shares of the industrial products company’s stock valued at $47,361,000 after purchasing an additional 180,168 shares in the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Ingersoll Rand Stock Up 0.9 %

Shares of NYSE:IR opened at $104.00 on Monday. The company has a market capitalization of $41.91 billion, a P/E ratio of 50.73, a P/E/G ratio of 3.91 and a beta of 1.42. The stock’s fifty day simple moving average is $99.20 and its 200-day simple moving average is $94.71. Ingersoll Rand Inc. has a 52-week low of $69.46 and a 52-week high of $105.63. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46.

Ingersoll Rand Announces Dividend

The company also recently declared 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. The ex-dividend date is Thursday, November 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.08%. Ingersoll Rand’s dividend payout ratio (DPR) is presently 3.90%.

Insider Activity

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of the firm’s 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kathleen M. Keene sold 4,629 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $89.99, for a total transaction of $416,563.71. Following the completion of the sale, the insider now directly owns 3,829 shares in the company, valued at $344,571.71. This represents a 54.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on IR shares. Wolfe Research raised Ingersoll Rand to a “hold” rating in a report on Friday, September 20th. UBS Group started coverage on shares of Ingersoll Rand in a research report on Wednesday, November 13th. They set a “buy” rating and a $124.00 target price on the stock. Barclays increased their price target on shares of Ingersoll Rand from $101.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. 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 objective on the stock. Finally, Wells Fargo & Company increased 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. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $103.83.

Ingersoll Rand 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.