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

Ingersoll Rand Inc. (NYSE:IR) CAO Michael J. Scheske sold 2,531 shares of the company’s stock in a transaction 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 in the company, valued at $1,160,510.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ingersoll Rand Stock Performance

NYSE IR traded up $0.55 on Thursday, hitting $103.53. 1,972,971 shares of the company traded hands, compared to its average volume of 2,543,202. The business’s 50 day moving average price is $95.81 and its 200-day moving average price is $93.67. Ingersoll Rand Inc. has a 52-week low of $65.50 and a 52-week high of $103.96. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $41.72 billion, a price-to-earnings ratio of 50.50, a P/E/G ratio of 2.59 and a beta of 1.42.

Ingersoll Rand Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given 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 payout ratio is currently 3.90%.

Analyst Upgrades and Downgrades

IR has been the subject of several analyst reports. Barclays raised their price objective on shares of Ingersoll Rand from $101.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Wolfe Research upgraded Ingersoll Rand to a “hold” rating in a research note on Friday, September 20th. Evercore ISI dropped their target price on Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating for the company in a research report on Monday, August 19th. Cfra raised their price objective on Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Finally, Wells Fargo & Company boosted their target price on Ingersoll Rand from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $101.67.

Hedge Funds Weigh In On Ingersoll Rand

Several large investors have recently added to or reduced their stakes in the company. Ridgewood Investments LLC purchased a new position in Ingersoll Rand during the second quarter valued at $25,000. Headlands Technologies LLC purchased a new position in shares of Ingersoll Rand during the first quarter valued at about $28,000. Ashton Thomas Securities LLC bought a new stake in shares of Ingersoll Rand in the third quarter worth about $34,000. ESL Trust Services LLC purchased a new stake in shares of Ingersoll Rand in the first quarter worth about $35,000. Finally, Eastern Bank bought a new position in Ingersoll Rand during the third quarter valued at approximately $42,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

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.