Keybank National Association OH Lowers Position in Ingersoll Rand Inc. (NYSE:IR)

Keybank National Association OH lessened its holdings in Ingersoll Rand Inc. (NYSE:IRGet Rating) by 10.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,965 shares of the industrial products company’s stock after selling 673 shares during the period. Keybank National Association OH’s holdings in Ingersoll Rand were worth $251,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Prospera Financial Services Inc bought a new position in Ingersoll Rand in the first quarter valued at $27,000. CVA Family Office LLC increased its stake in Ingersoll Rand by 131.3% in the second quarter. CVA Family Office LLC now owns 740 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 420 shares during the last quarter. Trust Co. of Vermont bought a new position in Ingersoll Rand in the second quarter valued at $31,000. Hazlett Burt & Watson Inc. bought a new position in Ingersoll Rand in the first quarter valued at $36,000. Finally, Clear Street Markets LLC grew its stake in shares of Ingersoll Rand by 406.0% during the second quarter. Clear Street Markets LLC now owns 850 shares of the industrial products company’s stock valued at $36,000 after buying an additional 682 shares during the last quarter. Institutional investors own 99.89% of the company’s stock.

Insiders Place Their Bets

In other Ingersoll Rand news, CAO Michael J. Scheske sold 1,743 shares of the firm’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $53.43, for a total value of $93,128.49. Following the completion of the sale, the chief accounting officer now directly owns 7,110 shares in the company, valued at $379,887.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Andrew R. Schiesl sold 10,000 shares of Ingersoll Rand stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $52.00, for a total transaction of $520,000.00. Following the completion of the transaction, the insider now directly owns 70,928 shares in the company, valued at $3,688,256. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Michael J. Scheske sold 1,743 shares of Ingersoll Rand stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $53.43, for a total transaction of $93,128.49. Following the transaction, the chief accounting officer now owns 7,110 shares of the company’s stock, valued at $379,887.30. The disclosure for this sale can be found here. Insiders sold 41,636 shares of company stock worth $2,207,365 over the last three months. Company insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

IR has been the topic of a number of recent research reports. TheStreet cut Ingersoll Rand from a “b-” rating to a “c” rating in a research note on Tuesday, October 11th. Credit Suisse Group raised their price objective on Ingersoll Rand from $44.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, November 4th. Wells Fargo & Company raised their price objective on Ingersoll Rand from $51.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, November 4th. Robert W. Baird raised their price objective on Ingersoll Rand from $52.00 to $57.00 in a research note on Friday, August 5th. Finally, Barclays reduced their price objective on Ingersoll Rand from $59.00 to $57.00 and set an “overweight” rating on the stock in a research note on Monday, October 3rd. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $54.20.

Ingersoll Rand Stock Performance

Ingersoll Rand stock opened at $55.31 on Friday. The company has a current ratio of 2.46, a quick ratio of 1.79 and a debt-to-equity ratio of 0.31. Ingersoll Rand Inc. has a 1-year low of $39.28 and a 1-year high of $62.64. The firm has a 50-day moving average of $47.90 and a 200-day moving average of $46.64. The firm has a market cap of $22.40 billion, a P/E ratio of 33.32 and a beta of 1.47.

Ingersoll Rand Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Wednesday, November 16th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $0.08 annualized dividend and a yield of 0.14%. Ingersoll Rand’s dividend payout ratio (DPR) is presently 4.82%.

About Ingersoll Rand

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Ingersoll Rand Inc provides various mission-critical air, fluid, energy, specialty vehicle and medical technologies in the United States, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies.

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Institutional Ownership by Quarter for Ingersoll Rand (NYSE:IR)

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