Ingersoll Rand Inc. (NYSE:IR) Shares Bought by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co lifted its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 11.3% during the third quarter, Holdings Channel reports. The firm owned 3,043 shares of the industrial products company’s stock after acquiring an additional 309 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Ingersoll Rand were worth $299,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Ridgewood Investments LLC purchased a new position in Ingersoll Rand during the 2nd quarter worth $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Ingersoll Rand during the third quarter worth about $34,000. Eastern Bank purchased a new position in shares of Ingersoll Rand during the third quarter worth about $42,000. UMB Bank n.a. increased its position in Ingersoll Rand by 196.8% in the 2nd quarter. UMB Bank n.a. now owns 466 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 309 shares during the period. Finally, Rothschild Investment LLC purchased a new stake in Ingersoll Rand during the 2nd quarter valued at approximately $43,000. 95.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Morgan Stanley started coverage on Ingersoll Rand in a report on Friday, September 6th. They issued an “equal weight” rating and a $97.00 target price on the stock. Evercore ISI cut their price objective on shares of Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating for the company in a research report on Monday, August 19th. Robert W. Baird reduced their target price 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. Stifel Nicolaus lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating and dropped their price target for the stock from $112.00 to $107.00 in a research note on Monday, November 18th. Finally, UBS Group began coverage on shares of Ingersoll Rand in a research report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Ingersoll Rand presently has an average rating of “Moderate Buy” and a consensus price target of $107.67.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total transaction of $246,620.64. Following the transaction, the chief accounting officer now owns 11,910 shares of the company’s stock, valued at $1,160,510.40. This represents a 17.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.68% of the stock is currently owned by insiders.

Ingersoll Rand Trading Down 0.3 %

Shares of Ingersoll Rand stock opened at $101.10 on Friday. The stock has a market cap of $40.74 billion, a PE ratio of 49.32, a price-to-earnings-growth ratio of 3.86 and a beta of 1.42. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $101.10 and a two-hundred day moving average of $95.73. Ingersoll Rand Inc. has a 12-month low of $74.01 and a 12-month high of $106.03.

Ingersoll Rand Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis 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%.

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.