BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 28,369 Shares of Ingersoll Rand Inc. (NYSE:IR)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lessened its holdings in Ingersoll Rand Inc. (NYSE:IR) by 6.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 398,904 shares of the industrial products company’s stock after selling 28,369 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.10% of Ingersoll Rand worth $39,156,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Swedbank AB purchased a new position in shares of Ingersoll Rand in the 1st quarter worth $55,310,000. International Assets Investment Management LLC grew its position in Ingersoll Rand by 9,681.5% in 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 acquiring an additional 356,665 shares in the last quarter. Ensign Peak Advisors Inc increased its stake in Ingersoll Rand by 20.8% during the second quarter. Ensign Peak Advisors Inc now owns 1,454,956 shares of the industrial products company’s stock worth $132,168,000 after acquiring an additional 250,712 shares during the last quarter. 1832 Asset Management L.P. purchased a new stake in Ingersoll Rand during the first quarter valued at approximately $21,411,000. Finally, Dimensional Fund Advisors LP raised its position in Ingersoll Rand by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 3,462,558 shares of the industrial products company’s stock valued at $314,549,000 after purchasing an additional 224,463 shares during the period. Institutional investors own 95.27% of the company’s stock.

Wall Street Analysts Forecast Growth

IR has been the topic of several analyst reports. Evercore ISI cut their target price on Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating on the stock in a research report on Monday, August 19th. UBS Group assumed 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 for the company. Cfra increased their target price on shares of Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Robert W. Baird dropped their price target 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. Finally, Morgan Stanley initiated coverage on Ingersoll Rand in a report on Friday, September 6th. They issued an “equal weight” rating and a $97.00 price target on the stock. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.83.

Insider Buying and Selling

In other news, CAO Michael J. Scheske sold 2,531 shares of the company’s 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 sale, the chief accounting officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kathleen M. Keene sold 4,629 shares of Ingersoll Rand stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $89.99, for a total value of $416,563.71. Following the transaction, the insider now owns 3,829 shares of the company’s stock, valued at approximately $344,571.71. This represents a 54.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.

Ingersoll Rand Stock Down 0.1 %

Ingersoll Rand stock opened at $103.04 on Friday. The business’s 50-day simple moving average is $98.94 and its two-hundred day simple moving average is $94.54. 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 company has a market cap of $41.53 billion, a PE ratio of 50.26, a PEG ratio of 3.88 and a beta of 1.42. Ingersoll Rand Inc. has a fifty-two week low of $69.46 and a fifty-two week high of $105.63.

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. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.08%. Ingersoll Rand’s dividend payout ratio is currently 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.