Rockefeller Capital Management L.P. Sells 4,313 Shares of Ingersoll Rand Inc. (NYSE:IR)

Rockefeller Capital Management L.P. reduced its holdings in Ingersoll Rand Inc. (NYSE:IR) by 16.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,402 shares of the industrial products company’s stock after selling 4,313 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Ingersoll Rand were worth $2,100,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. FMR LLC grew its position in shares of Ingersoll Rand by 10.5% in the 3rd quarter. FMR LLC now owns 16,152,094 shares of the industrial products company’s stock worth $1,585,489,000 after buying an additional 1,538,056 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Ingersoll Rand by 1.7% in the 3rd quarter. Fisher Asset Management LLC now owns 6,744,839 shares of the industrial products company’s stock valued at $662,074,000 after purchasing an additional 114,727 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Ingersoll Rand by 6.9% in the 2nd 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. Charles Schwab Investment Management Inc. lifted its stake in shares of Ingersoll Rand by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,208,267 shares of the industrial products company’s stock valued at $216,763,000 after purchasing an additional 21,289 shares during the period. Finally, Ensign Peak Advisors Inc lifted its stake in shares of Ingersoll Rand by 20.8% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,454,956 shares of the industrial products company’s stock valued at $132,168,000 after purchasing an additional 250,712 shares during the period. 95.27% of the stock is currently owned by institutional investors.

Ingersoll Rand Stock Down 0.7 %

IR stock opened at $102.28 on Friday. Ingersoll Rand Inc. has a 1-year low of $71.54 and a 1-year high of $106.03. The business has a fifty day moving average price of $100.77 and a 200-day moving average price of $95.46. 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 stock has a market capitalization of $41.22 billion, a P/E ratio of 49.89, a P/E/G ratio of 3.96 and a beta of 1.42.

Ingersoll Rand Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.08%. The ex-dividend date was Thursday, November 14th. Ingersoll Rand’s dividend payout ratio is currently 3.90%.

Insider Transactions at Ingersoll Rand

In related news, CAO Michael J. Scheske sold 2,531 shares of Ingersoll Rand stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total value of $246,620.64. Following the completion of the sale, the chief accounting officer now owns 11,910 shares of the company’s stock, valued at $1,160,510.40. The trade was a 17.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

IR has been the subject of a number of research analyst reports. Wells Fargo & Company raised 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. UBS Group initiated coverage on Ingersoll Rand in a research note on Wednesday, November 13th. They issued a “buy” rating and a $124.00 target price for the company. Evercore ISI lowered their target price on Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating for the company in a research note on Monday, August 19th. Cfra lifted 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, Stifel Nicolaus cut Ingersoll Rand from a “buy” rating to a “hold” rating and lowered their price objective for the company from $112.00 to $107.00 in a research note on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $105.08.

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.