Quadrant Capital Group LLC Buys 502 Shares of Ingersoll Rand Inc. (NYSE:IR)

Quadrant Capital Group LLC increased its stake in Ingersoll Rand Inc. (NYSE:IR) by 26.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,408 shares of the industrial products company’s stock after buying an additional 502 shares during the period. Quadrant Capital Group LLC’s holdings in Ingersoll Rand were worth $157,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Essex Savings Bank grew its stake in Ingersoll Rand by 3.5% in the second quarter. Essex Savings Bank now owns 4,837 shares of the industrial products company’s stock worth $316,000 after purchasing an additional 165 shares during the period. Aspire Private Capital LLC increased its stake in shares of Ingersoll Rand by 5.2% in the 2nd quarter. Aspire Private Capital LLC now owns 3,775 shares of the industrial products company’s stock worth $247,000 after acquiring an additional 186 shares in the last quarter. Spire Wealth Management lifted its position in Ingersoll Rand by 13.5% during the 2nd quarter. Spire Wealth Management now owns 1,593 shares of the industrial products company’s stock valued at $104,000 after acquiring an additional 190 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Ingersoll Rand by 0.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 68,645 shares of the industrial products company’s stock worth $3,994,000 after acquiring an additional 199 shares in the last quarter. Finally, CWM LLC grew its holdings in Ingersoll Rand by 2.2% in the first quarter. CWM LLC now owns 9,277 shares of the industrial products company’s stock worth $540,000 after purchasing an additional 202 shares during the period. 94.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ingersoll Rand

In other news, CFO Vikram Kini sold 169,153 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $69.43, for a total value of $11,744,292.79. Following the completion of the sale, the chief financial officer now directly owns 47,917 shares of the company’s stock, valued at $3,326,877.31. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Andrew R. Schiesl sold 9,532 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $66.22, for a total value of $631,209.04. Following the transaction, the insider now owns 58,263 shares of the company’s stock, valued at $3,858,175.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Vikram Kini sold 169,153 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $69.43, for a total transaction of $11,744,292.79. Following the transaction, the chief financial officer now directly owns 47,917 shares of the company’s stock, valued at $3,326,877.31. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

IR has been the topic of several recent research reports. Cfra upped their price target on Ingersoll Rand from $66.00 to $68.00 and gave the stock a “hold” rating in a research note on Thursday, November 2nd. Robert W. Baird upped their target price on shares of Ingersoll Rand from $66.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. StockNews.com initiated coverage on shares of Ingersoll Rand in a research report on Thursday, October 5th. They set a “hold” rating for the company. Barclays lowered their price objective on Ingersoll Rand from $76.00 to $74.00 in a research report on Thursday, September 7th. Finally, Morgan Stanley lifted their target price on Ingersoll Rand from $70.00 to $73.00 and gave the stock an “overweight” rating in a report on Friday, August 4th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $71.10.

Ingersoll Rand Stock Performance

Shares of IR opened at $70.42 on Tuesday. The firm has a market capitalization of $28.51 billion, a P/E ratio of 37.66, a PEG ratio of 2.04 and a beta of 1.47. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.26 and a quick ratio of 1.60. Ingersoll Rand Inc. has a one year low of $50.75 and a one year high of $70.65. The business has a fifty day moving average of $64.61 and a 200 day moving average of $64.43.

Ingersoll Rand Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Monday, November 20th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.08 annualized dividend and a yield of 0.11%. Ingersoll Rand’s dividend payout ratio (DPR) is 4.28%.

About Ingersoll Rand

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