Ingersoll Rand Inc. (NYSE:IR) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its position in Ingersoll Rand Inc. (NYSE:IR) by 23.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 136,506 shares of the industrial products company’s stock after selling 40,678 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Ingersoll Rand were worth $13,400,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in IR. Swedbank AB acquired a new stake in Ingersoll Rand in the first quarter worth about $55,310,000. International Assets Investment Management LLC lifted its stake in shares of Ingersoll Rand by 9,681.5% in the 3rd 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 boosted its holdings in shares of Ingersoll Rand by 20.8% in the second quarter. Ensign Peak Advisors Inc now owns 1,454,956 shares of the industrial products company’s stock valued at $132,168,000 after acquiring an additional 250,712 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Ingersoll Rand by 6.9% during 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 acquiring an additional 224,463 shares during the period. Finally, Robeco Schweiz AG raised its holdings in Ingersoll Rand by 52.8% during the second quarter. Robeco Schweiz AG now owns 521,365 shares of the industrial products company’s stock worth $47,361,000 after purchasing an additional 180,168 shares in the last quarter. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Trading Down 0.6 %

NYSE IR opened at $104.72 on Wednesday. The firm’s 50 day moving average price is $99.70 and its two-hundred day moving average price is $94.91. The stock has a market cap of $42.20 billion, a price-to-earnings ratio of 51.08, a PEG ratio of 3.95 and a beta of 1.42. Ingersoll Rand Inc. has a twelve month low of $69.46 and a twelve month high of $106.03. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a dividend of $0.02 per share. 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 3.90%.

Insider Buying and Selling

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of the company’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 owns 11,910 shares in the company, valued at approximately $1,160,510.40. This represents a 17.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on IR. Stifel Nicolaus lowered 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. Morgan Stanley assumed coverage on Ingersoll Rand in a research note on Friday, September 6th. They set an “equal weight” rating and a $97.00 target price for the company. Barclays boosted their price target on shares of Ingersoll Rand from $101.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Wolfe Research upgraded shares of Ingersoll Rand to a “hold” rating in a research report on Friday, September 20th. Finally, UBS Group assumed coverage on shares of Ingersoll Rand in a research note on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Ingersoll Rand has an average rating of “Moderate Buy” and an average target price of $103.83.

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.