Atria Investments Inc Increases Holdings in Ingersoll Rand Inc. (NYSE:IR)

Atria Investments Inc grew its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 18.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,381 shares of the industrial products company’s stock after buying an additional 2,087 shares during the quarter. Atria Investments Inc’s holdings in Ingersoll Rand were worth $1,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of IR. Carmel Capital Partners LLC boosted its holdings in shares of Ingersoll Rand by 3.8% in the third quarter. Carmel Capital Partners LLC now owns 13,882 shares of the industrial products company’s stock worth $1,363,000 after buying an additional 504 shares during the last quarter. Assetmark Inc. raised its position in Ingersoll Rand by 61.3% in the third quarter. Assetmark Inc. now owns 97,723 shares of the industrial products company’s stock worth $9,592,000 after acquiring an additional 37,154 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Ingersoll Rand by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 467,439 shares of the industrial products company’s stock worth $45,884,000 after acquiring an additional 3,165 shares during the last quarter. BNC Wealth Management LLC bought a new stake in shares of Ingersoll Rand during the 3rd quarter valued at $2,429,000. Finally, Consilium Wealth Advisory LLC increased its stake in shares of Ingersoll Rand by 25.5% in the 3rd quarter. Consilium Wealth Advisory LLC now owns 18,066 shares of the industrial products company’s stock worth $1,773,000 after purchasing an additional 3,666 shares in the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Stock Performance

Shares of NYSE IR opened at $102.43 on Friday. The company has a market cap 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. Ingersoll Rand Inc. has a 52-week low of $69.46 and a 52-week 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. The firm’s fifty day moving average is $97.83 and its two-hundred day moving average is $94.23.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a $0.02 dividend. 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 (DPR) is 3.90%.

Insider Buying and Selling

In other Ingersoll Rand news, insider Kathleen M. Keene sold 4,629 shares of Ingersoll Rand stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $89.99, for a total value of $416,563.71. Following the completion of the transaction, the insider now directly owns 3,829 shares of the company’s stock, valued at $344,571.71. This trade represents a 54.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Michael J. Scheske sold 2,531 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total transaction of $246,620.64. Following the sale, the chief accounting officer now owns 11,910 shares in the company, valued at $1,160,510.40. This represents a 17.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,660 shares of company stock worth $1,348,834. Corporate insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on IR. Cfra lifted their target price on Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a research report on Friday, October 4th. UBS Group initiated coverage on Ingersoll Rand in a research report on Wednesday. They set a “buy” rating and a $124.00 price objective on the stock. Evercore ISI cut their price objective 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. Barclays raised their target price on shares of Ingersoll Rand from $101.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Wolfe Research upgraded shares of Ingersoll Rand to a “hold” rating in a research report on Friday, September 20th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $104.25.

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.