22,339 Shares in Ingersoll Rand Inc. (NYSE:IR) Bought by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas purchased a new stake in Ingersoll Rand Inc. (NYSE:IR) in the third quarter, HoldingsChannel reports. The fund purchased 22,339 shares of the industrial products company’s stock, valued at approximately $2,193,000.

A number of other hedge funds have also recently bought and sold shares of the stock. FMR LLC increased its position in shares of Ingersoll Rand by 10.5% during the third quarter. FMR LLC now owns 16,152,094 shares of the industrial products company’s stock valued at $1,585,489,000 after purchasing an additional 1,538,056 shares during the period. International Assets Investment Management LLC boosted its stake in Ingersoll Rand by 9,681.5% during the third quarter. International Assets Investment Management LLC now owns 360,349 shares of the industrial products company’s stock worth $353,720,000 after buying an additional 356,665 shares in the last quarter. Franklin Resources Inc. increased its holdings in Ingersoll Rand by 2.5% in the 3rd quarter. Franklin Resources Inc. now owns 11,597,321 shares of the industrial products company’s stock valued at $1,207,554,000 after buying an additional 278,710 shares during the period. Ensign Peak Advisors Inc raised 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 buying an additional 250,712 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Ingersoll Rand by 6.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,462,558 shares of the industrial products company’s stock worth $314,549,000 after acquiring an additional 224,463 shares during the period. 95.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on IR shares. Robert W. Baird lowered their target price on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Morgan Stanley assumed coverage on Ingersoll Rand in a research note on Friday, September 6th. They issued an “equal weight” rating and a $97.00 price objective on the stock. Wells Fargo & Company raised their target price on Ingersoll Rand from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Evercore ISI decreased their price target on Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating on the stock in a research note on Monday, August 19th. Finally, Barclays increased their price objective on Ingersoll Rand from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $107.67.

Ingersoll Rand Price Performance

Ingersoll Rand stock opened at $101.10 on Friday. The business’s fifty day moving average is $101.10 and its two-hundred day moving average is $95.73. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36. The firm has a market cap of $40.74 billion, a P/E ratio of 49.32, a P/E/G ratio of 3.86 and a beta of 1.42. Ingersoll Rand Inc. has a 52 week low of $74.01 and a 52 week high of $106.03.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was 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 3.90%.

Insider Activity

In related news, CAO Michael J. Scheske sold 2,531 shares of Ingersoll Rand stock in a transaction dated 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 directly owns 11,910 shares in the company, valued at $1,160,510.40. This trade represents a 17.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.68% of the stock is owned by insiders.

About Ingersoll Rand

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.