PEAK6 Investments LLC Buys 1,038 Shares of Ingersoll Rand Inc. (NYSE:IR)

PEAK6 Investments LLC boosted its stake in Ingersoll Rand Inc. (NYSE:IR) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,038 shares of the industrial products company’s stock after purchasing an additional 1,038 shares during the period. PEAK6 Investments LLC’s holdings in Ingersoll Rand were worth $1,869,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Public Sector Pension Investment Board raised its position in Ingersoll Rand by 13.6% in the third quarter. Public Sector Pension Investment Board now owns 17,570 shares of the industrial products company’s stock valued at $1,725,000 after purchasing an additional 2,100 shares during the last quarter. FORA Capital LLC bought a new position in Ingersoll Rand in the 3rd quarter valued at approximately $2,145,000. Avestar Capital LLC boosted its position in Ingersoll Rand by 11.2% during the 3rd quarter. Avestar Capital LLC now owns 3,278 shares of the industrial products company’s stock worth $322,000 after buying an additional 329 shares during the period. Brooklyn Investment Group bought a new stake in Ingersoll Rand during the 3rd quarter worth approximately $166,000. Finally, FMR LLC increased its position in Ingersoll Rand by 10.5% in the 3rd quarter. FMR LLC now owns 16,152,094 shares of the industrial products company’s stock valued at $1,585,489,000 after acquiring an additional 1,538,056 shares during the period. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

Shares of Ingersoll Rand stock opened at $104.17 on Monday. The business has a 50-day simple moving average of $100.18 and a 200 day simple moving average of $95.17. Ingersoll Rand Inc. has a one year low of $69.51 and a one year high of $106.03. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71. The firm has a market capitalization of $41.98 billion, a price-to-earnings ratio of 50.81, a PEG ratio of 3.95 and a beta of 1.42.

Ingersoll Rand Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently weighed in on IR. Wells Fargo & Company boosted their price objective on shares of Ingersoll Rand from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Stifel Nicolaus lowered Ingersoll Rand from a “buy” rating to a “hold” rating and reduced their price target for the company from $112.00 to $107.00 in a research report on Monday, November 18th. Wolfe Research upgraded Ingersoll Rand to a “hold” rating in a research report on Friday, September 20th. UBS Group started coverage on Ingersoll Rand in a report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 target price on the stock. Finally, Barclays raised their price target 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. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.83.

Insider Buying and Selling

In related news, CAO Michael J. Scheske sold 2,531 shares of the company’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 sale, the chief accounting officer now owns 11,910 shares in the company, valued at $1,160,510.40. This represents a 17.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.68% of the stock is owned by company insiders.

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.