Bank of Montreal Can Has $11.62 Million Holdings in Ingersoll Rand Inc. (NYSE:IR)

Bank of Montreal Can raised its position in shares of Ingersoll Rand Inc. (NYSE:IRGet Rating) by 29.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 232,509 shares of the industrial products company’s stock after purchasing an additional 52,782 shares during the quarter. Bank of Montreal Can owned approximately 0.06% of Ingersoll Rand worth $11,620,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Prospera Financial Services Inc acquired a new stake in Ingersoll Rand during the 1st quarter valued at approximately $27,000. CVA Family Office LLC grew its position in shares of Ingersoll Rand by 131.3% during the 2nd quarter. CVA Family Office LLC now owns 740 shares of the industrial products company’s stock worth $31,000 after buying an additional 420 shares during the period. Trust Co. of Vermont acquired a new stake in shares of Ingersoll Rand during the 2nd quarter worth approximately $31,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of Ingersoll Rand during the 1st quarter worth approximately $36,000. Finally, Clear Street Markets LLC grew its position in shares of Ingersoll Rand by 406.0% during the 2nd quarter. Clear Street Markets LLC now owns 850 shares of the industrial products company’s stock worth $36,000 after buying an additional 682 shares during the period. Institutional investors and hedge funds own 99.89% of the company’s stock.

Insider Buying and Selling at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 1,743 shares of the firm’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $53.43, for a total transaction of $93,128.49. Following the completion of the sale, the chief accounting officer now directly owns 7,110 shares of the company’s stock, valued at approximately $379,887.30. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Vicente Reynal sold 10,893 shares of the firm’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $53.02, for a total transaction of $577,546.86. Following the completion of the sale, the insider now directly owns 128,567 shares of the company’s stock, valued at approximately $6,816,622.34. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Michael J. Scheske sold 1,743 shares of the firm’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $53.43, for a total value of $93,128.49. Following the sale, the chief accounting officer now directly owns 7,110 shares of the company’s stock, valued at $379,887.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,636 shares of company stock worth $1,190,675. Corporate insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

IR has been the subject of several recent analyst reports. Morgan Stanley raised their price objective on shares of Ingersoll Rand from $53.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, November 4th. Credit Suisse Group increased their target price on Ingersoll Rand from $44.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, November 4th. Wells Fargo & Company increased their target price on Ingersoll Rand from $51.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, November 4th. TheStreet cut Ingersoll Rand from a “b-” rating to a “c” rating in a report on Tuesday, October 11th. Finally, Robert W. Baird increased their target price on Ingersoll Rand from $52.00 to $57.00 in a report on Friday, August 5th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Ingersoll Rand has an average rating of “Hold” and a consensus target price of $54.20.

Ingersoll Rand Price Performance

Shares of NYSE:IR opened at $53.64 on Thursday. The company has a current ratio of 2.46, a quick ratio of 1.79 and a debt-to-equity ratio of 0.31. The stock’s fifty day simple moving average is $48.62 and its two-hundred day simple moving average is $47.11. Ingersoll Rand Inc. has a 1-year low of $39.28 and a 1-year high of $62.64. The stock has a market cap of $21.72 billion, a PE ratio of 32.31 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 paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.15%. The ex-dividend date is Tuesday, November 15th. Ingersoll Rand’s dividend payout ratio (DPR) is presently 4.82%.

Ingersoll Rand Profile

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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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