Tokio Marine Asset Management Co. Ltd. Boosts Position in Ingersoll Rand Inc. (NYSE:IR)

Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 4.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 12,903 shares of the industrial products company’s stock after purchasing an additional 522 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Ingersoll Rand were worth $1,267,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Wealthspire Advisors LLC grew its position in Ingersoll Rand by 5.5% in the second quarter. Wealthspire Advisors LLC now owns 2,268 shares of the industrial products company’s stock valued at $206,000 after acquiring an additional 119 shares in the last quarter. Kanawha Capital Management LLC lifted its stake in shares of Ingersoll Rand by 2.4% in the third quarter. Kanawha Capital Management LLC now owns 5,096 shares of the industrial products company’s stock worth $500,000 after acquiring an additional 119 shares in the last quarter. Opal Wealth Advisors LLC grew its stake in Ingersoll Rand by 6.0% during the 3rd quarter. Opal Wealth Advisors LLC now owns 2,145 shares of the industrial products company’s stock valued at $211,000 after purchasing an additional 121 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Ingersoll Rand by 38.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 453 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 126 shares during the last quarter. Finally, Resonant Capital Advisors LLC raised its position in shares of Ingersoll Rand by 4.2% in the 2nd quarter. Resonant Capital Advisors LLC now owns 3,300 shares of the industrial products company’s stock valued at $300,000 after purchasing an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Down 0.5 %

Ingersoll Rand stock opened at $102.43 on Friday. The firm has a market capitalization of $41.28 billion, a P/E ratio of 49.97, a P/E/G ratio of 3.96 and a beta of 1.42. The company has a 50-day simple moving average of $97.52 and a 200-day simple moving average of $94.17. Ingersoll Rand Inc. has a one year low of $69.46 and a one year high of $105.63. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36.

Ingersoll Rand Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.08%. Ingersoll Rand’s dividend payout ratio is presently 3.90%.

Insider Transactions at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 2,531 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total value of $246,620.64. Following the completion of the transaction, the chief accounting officer now directly owns 11,910 shares in the company, valued at $1,160,510.40. This trade represents a 17.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Elizabeth Meloy Hepding sold 7,500 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $91.42, for a total value of $685,650.00. Following the completion of the sale, the insider now directly owns 6,559 shares in the company, valued at $599,623.78. This represents a 53.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,660 shares of company stock worth $1,348,834. Company insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on IR. 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. Barclays boosted their target price on shares of Ingersoll Rand from $101.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. UBS Group started coverage on shares of Ingersoll Rand in a research note on Wednesday. They issued a “buy” rating and a $124.00 target price on the stock. Evercore ISI decreased their price target on Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating for the company in a research note on Monday, August 19th. Finally, Morgan Stanley began coverage on Ingersoll Rand in a research note on Friday, September 6th. They set an “equal weight” rating and a $97.00 price objective on the stock. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Ingersoll Rand currently has an average rating of “Moderate Buy” and an average price target of $104.25.

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.