Nwam LLC Reduces Stock Position in Ingersoll Rand Inc. (NYSE:IR)

Nwam LLC decreased its holdings in Ingersoll Rand Inc. (NYSE:IR) by 21.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,061 shares of the industrial products company’s stock after selling 579 shares during the period. Nwam LLC’s holdings in Ingersoll Rand were worth $202,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in IR. Raymond James Trust N.A. increased its stake in Ingersoll Rand by 3.1% in the 3rd quarter. Raymond James Trust N.A. now owns 15,511 shares of the industrial products company’s stock worth $1,523,000 after buying an additional 462 shares during the period. Eagle Asset Management Inc. increased its position in shares of Ingersoll Rand by 3.2% during the third quarter. Eagle Asset Management Inc. now owns 30,520 shares of the industrial products company’s stock worth $3,132,000 after acquiring an additional 953 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ingersoll Rand by 1.0% in the third 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. Banco Santander S.A. grew its stake in Ingersoll Rand by 28.7% in the third quarter. Banco Santander S.A. now owns 6,337 shares of the industrial products company’s stock worth $622,000 after purchasing an additional 1,415 shares in the last quarter. Finally, Integrated Investment Consultants LLC increased its holdings in Ingersoll Rand by 14.5% during the 3rd quarter. Integrated Investment Consultants LLC now owns 4,583 shares of the industrial products company’s stock worth $450,000 after purchasing an additional 582 shares during the period. 95.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company increased their price target on Ingersoll Rand from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Stifel Nicolaus lowered shares of 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 report on Monday, November 18th. UBS Group initiated coverage on shares of Ingersoll Rand in a research note on Wednesday, November 13th. They set a “buy” rating and a $124.00 price objective on the stock. Barclays increased their target price on Ingersoll Rand from $101.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Cfra boosted their price target on Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.83.

Ingersoll Rand Stock Up 1.3 %

NYSE:IR opened at $105.36 on Tuesday. The company’s 50 day moving average is $99.49 and its two-hundred day moving average is $94.81. The company has a market cap of $42.46 billion, a PE ratio of 51.40, a P/E/G ratio of 3.95 and a beta of 1.42. Ingersoll Rand Inc. has a twelve month low of $69.46 and a twelve month high of $106.03. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46.

Ingersoll Rand Announces Dividend

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

Insider Buying and Selling

In related news, CAO Michael J. Scheske sold 2,531 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total value of $246,620.64. Following the transaction, the chief accounting officer now owns 11,910 shares in the company, valued at approximately $1,160,510.40. This represents a 17.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.68% of the stock is currently owned by company insiders.

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.