B. Riley Wealth Advisors Inc. Has $564,000 Holdings in Ingersoll Rand Inc. (NYSE:IR)

B. Riley Wealth Advisors Inc. boosted its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 58.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 5,728 shares of the industrial products company’s stock after purchasing an additional 2,122 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Ingersoll Rand were worth $564,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC bought a new stake in shares of Ingersoll Rand during the 3rd quarter worth approximately $864,000. Daiwa Securities Group Inc. lifted its stake in Ingersoll Rand by 9.4% during the third quarter. Daiwa Securities Group Inc. now owns 90,827 shares of the industrial products company’s stock worth $8,916,000 after purchasing an additional 7,784 shares during the last quarter. GDS Wealth Management boosted its holdings in shares of Ingersoll Rand by 6.4% in the 3rd quarter. GDS Wealth Management now owns 167,248 shares of the industrial products company’s stock valued at $16,417,000 after purchasing an additional 10,081 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of Ingersoll Rand by 28.2% in the 3rd quarter. Intech Investment Management LLC now owns 101,745 shares of the industrial products company’s stock valued at $9,987,000 after purchasing an additional 22,401 shares during the last quarter. Finally, AXA S.A. raised its holdings in shares of Ingersoll Rand by 81.4% during the 2nd quarter. AXA S.A. now owns 87,829 shares of the industrial products company’s stock worth $7,978,000 after buying an additional 39,417 shares in the last quarter. 95.27% of the stock is owned by institutional investors.

Ingersoll Rand Stock Performance

NYSE IR opened at $92.87 on Thursday. The company has a market capitalization of $37.43 billion, a price-to-earnings ratio of 45.30, a PEG ratio of 3.86 and a beta of 1.42. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46. Ingersoll Rand Inc. has a twelve month low of $74.01 and a twelve month high of $106.03. The stock has a fifty day simple moving average of $100.94 and a 200 day simple moving average of $95.84.

Ingersoll Rand Announces Dividend

The business 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. The ex-dividend date was Thursday, November 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. Ingersoll Rand’s payout ratio is 3.90%.

Analyst Upgrades and Downgrades

IR has been the topic of several research analyst reports. UBS Group assumed coverage on Ingersoll Rand in a research note on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price objective on the stock. Wells Fargo & Company raised their price target on shares of Ingersoll Rand from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Stifel Nicolaus cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $112.00 to $107.00 in a research report on Monday, November 18th. Robert W. Baird cut 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 report on Monday, November 4th. Finally, Citigroup upped their price target on shares of Ingersoll Rand from $112.00 to $119.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $107.67.

Insider Transactions at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 2,531 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total transaction 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 represents a 17.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.68% of the stock is owned by corporate 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.