Northwest & Ethical Investments L.P. Purchases 728 Shares of Ingersoll Rand Inc. (NYSE:IR)

Northwest & Ethical Investments L.P. increased its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 2.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,351 shares of the industrial products company’s stock after buying an additional 728 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Ingersoll Rand were worth $3,470,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Swedbank AB raised its stake in Ingersoll Rand by 34.0% during the second quarter. Swedbank AB now owns 780,712 shares of the industrial products company’s stock worth $70,920,000 after buying an additional 198,200 shares during the last quarter. GDS Wealth Management raised its stake in Ingersoll Rand by 6.4% during the third quarter. GDS Wealth Management now owns 167,248 shares of the industrial products company’s stock worth $16,417,000 after buying an additional 10,081 shares during the last quarter. AXA S.A. raised its stake in Ingersoll Rand by 81.4% during the second quarter. AXA S.A. now owns 87,829 shares of the industrial products company’s stock worth $7,978,000 after buying an additional 39,417 shares during the last quarter. Candriam S.C.A. increased its stake in Ingersoll Rand by 3.0% in the second quarter. Candriam S.C.A. now owns 199,419 shares of the industrial products company’s stock valued at $18,114,000 after purchasing an additional 5,797 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Ingersoll Rand by 59.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 77,268 shares of the industrial products company’s stock valued at $7,019,000 after purchasing an additional 28,938 shares in the last quarter. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Down 0.7 %

Ingersoll Rand stock opened at $104.05 on Friday. Ingersoll Rand Inc. has a fifty-two week low of $69.46 and a fifty-two week high of $106.03. The stock has a market cap of $41.93 billion, a PE ratio of 50.76, a price-to-earnings-growth ratio of 3.95 and a beta of 1.42. The firm’s 50-day simple moving average is $100.03 and its 200 day simple moving average is $95.03. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend 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%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on IR. Wolfe Research raised shares of Ingersoll Rand to a “hold” rating in a research note on Friday, September 20th. Stifel Nicolaus downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating and decreased their price target for the company from $112.00 to $107.00 in a research note on Monday, November 18th. Cfra lifted their price target 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. Wells Fargo & Company lifted their price target on shares of Ingersoll Rand from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Finally, Robert W. Baird decreased their price target on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.83.

Insider Buying and Selling

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of the business’s stock in a transaction dated 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. The trade was a 17.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.68% of the stock is owned by corporate insiders.

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.