Amalgamated Bank Has $5.17 Million Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Amalgamated Bank trimmed its holdings in shares of Ingersoll Rand Inc. (NYSE:IRGet Rating) by 6.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 102,718 shares of the industrial products company’s stock after selling 7,120 shares during the quarter. Amalgamated Bank’s holdings in Ingersoll Rand were worth $5,172,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Ingersoll Rand by 1.9% during the first quarter. Vanguard Group Inc. now owns 44,054,298 shares of the industrial products company’s stock worth $2,218,134,000 after buying an additional 823,749 shares during the last quarter. BlackRock Inc. increased its position in Ingersoll Rand by 1.4% during the first quarter. BlackRock Inc. now owns 29,607,738 shares of the industrial products company’s stock worth $1,490,751,000 after buying an additional 417,838 shares during the last quarter. State Street Corp increased its position in Ingersoll Rand by 2.6% during the fourth quarter. State Street Corp now owns 15,710,771 shares of the industrial products company’s stock worth $972,025,000 after buying an additional 404,215 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Ingersoll Rand by 1.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 14,751,246 shares of the industrial products company’s stock worth $742,723,000 after buying an additional 141,106 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Ingersoll Rand by 11.7% during the first quarter. Bank of New York Mellon Corp now owns 7,808,913 shares of the industrial products company’s stock worth $393,177,000 after buying an additional 819,399 shares during the last quarter. 99.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on IR shares. Citigroup increased their target price on shares of Ingersoll Rand to $58.00 in a research report on Tuesday, August 9th. Morgan Stanley upped their price target on shares of Ingersoll Rand from $52.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, August 8th. Deutsche Bank Aktiengesellschaft cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating and upped their price target for the company from $50.00 to $52.00 in a report on Friday, August 5th. Wells Fargo & Company decreased their price target on shares of Ingersoll Rand from $50.00 to $49.00 in a report on Tuesday, July 12th. Finally, TheStreet upgraded shares of Ingersoll Rand from a “c” rating to a “b-” rating in a report on Friday, August 12th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $53.09.

Ingersoll Rand Stock Up 2.7 %

Shares of IR opened at $48.46 on Tuesday. The stock has a market cap of $19.54 billion, a price-to-earnings ratio of 29.93 and a beta of 1.49. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.31. Ingersoll Rand Inc. has a 12 month low of $39.28 and a 12 month high of $62.64. The company has a 50-day moving average price of $48.06 and a two-hundred day moving average price of $46.82.

Ingersoll Rand Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 21st. Shareholders of record on Wednesday, August 17th will be paid a dividend of $0.032 per share. This is a boost from Ingersoll Rand’s previous quarterly dividend of $0.02. The ex-dividend date is Tuesday, August 16th. This represents a $0.13 dividend on an annualized basis and a yield of 0.26%. Ingersoll Rand’s dividend payout ratio (DPR) is currently 5.00%.

Insiders Place Their Bets

In other Ingersoll Rand news, insider Nicholas J. Kendall-Jones sold 3,650 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $53.41, for a total transaction of $194,946.50. Following the completion of the transaction, the insider now owns 2,118 shares in the company, valued at $113,122.38. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Nicholas J. Kendall-Jones sold 3,650 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $53.41, for a total transaction of $194,946.50. Following the completion of the sale, the insider now owns 2,118 shares of the company’s stock, valued at $113,122.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Viseras Enrique Minarro sold 19,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $53.51, for a total transaction of $1,016,690.00. Following the sale, the insider now directly owns 7,650 shares of the company’s stock, valued at approximately $409,351.50. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

Ingersoll Rand Profile

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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.

See Also

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

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