UBS Group AG Lowers Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

UBS Group AG decreased its position in shares of Ingersoll Rand Inc. (NYSE:IRGet Rating) by 7.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 833,452 shares of the industrial products company’s stock after selling 69,715 shares during the period. UBS Group AG owned approximately 0.21% of Ingersoll Rand worth $35,072,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of IR. Mutual of America Capital Management LLC grew its stake in shares of Ingersoll Rand by 1.1% during the first quarter. Mutual of America Capital Management LLC now owns 54,584 shares of the industrial products company’s stock valued at $2,748,000 after buying an additional 612 shares during the last quarter. DAVENPORT & Co LLC grew its stake in shares of Ingersoll Rand by 4.7% during the first quarter. DAVENPORT & Co LLC now owns 6,420 shares of the industrial products company’s stock valued at $323,000 after buying an additional 288 shares during the last quarter. Metis Global Partners LLC grew its stake in shares of Ingersoll Rand by 82.2% during the first quarter. Metis Global Partners LLC now owns 6,453 shares of the industrial products company’s stock valued at $325,000 after buying an additional 2,912 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Ingersoll Rand by 2.8% in the first quarter. Arizona State Retirement System now owns 113,454 shares of the industrial products company’s stock worth $5,712,000 after purchasing an additional 3,116 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Ingersoll Rand by 23.3% in the first quarter. Envestnet Asset Management Inc. now owns 329,224 shares of the industrial products company’s stock worth $16,576,000 after purchasing an additional 62,162 shares during the last quarter. 99.89% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Michael J. Scheske sold 1,743 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 7,110 shares in the company, valued at approximately $379,887.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Andrew R. Schiesl sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $52.00, for a total value of $520,000.00. Following the completion of the transaction, the insider now directly owns 70,928 shares in the company, valued at approximately $3,688,256. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Michael J. Scheske sold 1,743 shares of the business’s stock in a transaction that occurred 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 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. Over the last ninety days, insiders sold 22,636 shares of company stock worth $1,190,675. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Morgan Stanley raised their target price on Ingersoll Rand from $53.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, November 4th. TheStreet cut Ingersoll Rand from a “b-” rating to a “c” rating in a research report on Tuesday, October 11th. Credit Suisse Group lifted their price objective on Ingersoll Rand from $44.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, November 4th. Deutsche Bank Aktiengesellschaft cut their price objective on Ingersoll Rand from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Thursday, October 13th. Finally, Barclays cut their price objective on Ingersoll Rand from $59.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, October 3rd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $54.20.

Ingersoll Rand Price Performance

IR stock opened at $53.64 on Thursday. The firm has a 50 day moving average price of $48.62 and a 200-day moving average price of $47.11. Ingersoll Rand Inc. has a 52-week low of $39.28 and a 52-week high of $62.64. The firm has a market capitalization of $21.72 billion, a price-to-earnings ratio of 32.31 and a beta of 1.47. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.79 and a current ratio of 2.46.

Ingersoll Rand Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Wednesday, November 16th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $0.08 annualized dividend and a dividend yield of 0.15%. Ingersoll Rand’s payout ratio is 4.82%.

Ingersoll Rand Profile

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding IR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingersoll Rand Inc. (NYSE:IRGet Rating).

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

Receive News & Ratings for Ingersoll Rand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingersoll Rand and related companies with MarketBeat.com's FREE daily email newsletter.