2,108 Shares in Ingersoll Rand Inc. (NYSE:IR) Bought by MidWestOne Financial Group Inc.

MidWestOne Financial Group Inc. acquired a new position in shares of Ingersoll Rand Inc. (NYSE:IR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,108 shares of the industrial products company’s stock, valued at approximately $207,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ridgewood Investments LLC bought a new position in shares of Ingersoll Rand during the 2nd quarter worth about $25,000. Ashton Thomas Securities LLC bought a new position in shares of Ingersoll Rand during the 3rd quarter worth about $34,000. Eastern Bank bought a new position in shares of Ingersoll Rand during the 3rd quarter worth about $42,000. UMB Bank n.a. boosted its position in shares of Ingersoll Rand by 196.8% during the 2nd quarter. UMB Bank n.a. now owns 466 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 309 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new stake in shares of Ingersoll Rand during the 2nd quarter valued at about $43,000. Institutional investors own 95.27% of the company’s stock.

Insider Transactions at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 2,531 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total transaction of $246,620.64. Following the transaction, the chief accounting officer now directly owns 11,910 shares in the company, valued at approximately $1,160,510.40. This represents a 17.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Ingersoll Rand in a research report on Friday, September 6th. They set an “equal weight” rating and a $97.00 target price on the stock. Barclays lifted their target price on shares of Ingersoll Rand from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Evercore ISI decreased their target price on shares of Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating on the stock in a research report on Monday, August 19th. UBS Group assumed coverage on shares of Ingersoll Rand in a research report on Wednesday, November 13th. They set a “buy” rating and a $124.00 target price on the stock. Finally, Citigroup lifted their target price on shares of Ingersoll Rand from $112.00 to $119.00 and gave the company a “buy” rating in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $105.67.

Ingersoll Rand Price Performance

NYSE:IR opened at $101.82 on Wednesday. Ingersoll Rand Inc. has a 12 month low of $73.38 and a 12 month high of $106.03. The company’s 50-day moving average price is $100.94 and its two-hundred day moving average price is $95.56. The firm has a market cap of $41.03 billion, a PE ratio of 49.67, a price-to-earnings-growth ratio of 3.88 and a beta of 1.42. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th were given a dividend of $0.02 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.08%. Ingersoll Rand’s payout ratio is 3.90%.

Ingersoll Rand 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.