OneDigital Investment Advisors LLC Purchases 4,001 Shares of Ingersoll Rand Inc. (NYSE:IR)

OneDigital Investment Advisors LLC lifted its holdings in Ingersoll Rand Inc. (NYSE:IR) by 120.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,318 shares of the industrial products company’s stock after acquiring an additional 4,001 shares during the period. OneDigital Investment Advisors LLC’s holdings in Ingersoll Rand were worth $718,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ridgewood Investments LLC acquired a new position in shares of Ingersoll Rand during the 2nd quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Ingersoll Rand during the third quarter valued at about $34,000. Eastern Bank acquired a new stake in shares of Ingersoll Rand in the 3rd quarter valued at about $42,000. EverSource Wealth Advisors LLC increased its position in Ingersoll Rand by 38.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 453 shares of the industrial products company’s stock valued at $42,000 after buying an additional 126 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in Ingersoll Rand by 196.8% during the 2nd quarter. UMB Bank n.a. now owns 466 shares of the industrial products company’s stock worth $42,000 after buying an additional 309 shares during the period. 95.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, insider Kathleen M. Keene sold 4,629 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $89.99, for a total transaction of $416,563.71. Following the sale, the insider now directly owns 3,829 shares of the company’s stock, valued at $344,571.71. This represents a 54.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $246,620.64. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on IR. Robert W. Baird decreased their price objective on Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Stifel Nicolaus lowered shares of Ingersoll Rand from a “buy” rating to a “hold” rating and dropped their price objective for the company from $112.00 to $107.00 in a research note on Monday. Morgan Stanley initiated coverage on shares of Ingersoll Rand in a research report on Friday, September 6th. They set an “equal weight” rating and a $97.00 target price for the company. Barclays lifted their price target on Ingersoll Rand from $101.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Wolfe Research raised Ingersoll Rand to a “hold” rating in a research note on Friday, September 20th. Seven 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $103.83.

Ingersoll Rand Trading Up 0.7 %

Shares of Ingersoll Rand stock opened at $102.38 on Wednesday. The firm has a market cap of $41.26 billion, a PE ratio of 49.94, a P/E/G ratio of 3.89 and a beta of 1.42. Ingersoll Rand Inc. has a 1 year low of $69.46 and a 1 year high of $105.63. 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 fifty day moving average price of $98.40 and a 200-day moving average price of $94.42.

Ingersoll Rand Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.08%. The ex-dividend date of this dividend is Thursday, November 14th. Ingersoll Rand’s dividend payout ratio is 3.90%.

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.