Dimensional Fund Advisors LP Has $204.77 Million Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Dimensional Fund Advisors LP decreased its stake in Ingersoll Rand Inc. (NYSE:IR) by 4.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,133,122 shares of the industrial products company’s stock after selling 151,690 shares during the period. Dimensional Fund Advisors LP owned approximately 0.77% of Ingersoll Rand worth $204,766,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of IR. American Century Companies Inc. grew its stake in shares of Ingersoll Rand by 12.0% in the first quarter. American Century Companies Inc. now owns 15,601 shares of the industrial products company’s stock worth $786,000 after acquiring an additional 1,675 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Ingersoll Rand by 47.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,880 shares of the industrial products company’s stock worth $497,000 after purchasing an additional 3,185 shares during the period. Private Advisor Group LLC bought a new position in Ingersoll Rand in the first quarter worth $327,000. Panagora Asset Management Inc. lifted its position in Ingersoll Rand by 62.2% in the first quarter. Panagora Asset Management Inc. now owns 28,937 shares of the industrial products company’s stock worth $1,457,000 after purchasing an additional 11,096 shares during the period. Finally, Yousif Capital Management LLC lifted its position in Ingersoll Rand by 1.7% in the first quarter. Yousif Capital Management LLC now owns 57,771 shares of the industrial products company’s stock worth $2,909,000 after purchasing an additional 988 shares during the period. Institutional investors and hedge funds own 94.54% of the company’s stock.

Insider Buying and Selling

In related news, insider Andrew R. Schiesl sold 9,532 shares of Ingersoll Rand stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $66.22, for a total value of $631,209.04. Following the completion of the sale, the insider now directly owns 58,263 shares in the company, valued at $3,858,175.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Vikram Kini sold 169,153 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 47,917 shares in the company, valued at approximately $3,326,877.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew R. Schiesl sold 9,532 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $66.22, for a total transaction of $631,209.04. Following the transaction, the insider now owns 58,263 shares of the company’s stock, valued at approximately $3,858,175.86. The disclosure for this sale can be found here. Corporate insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

IR has been the subject of several research reports. Stifel Nicolaus raised Ingersoll Rand from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research report on Tuesday, October 24th. Robert W. Baird lifted their price objective on Ingersoll Rand from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, August 4th. StockNews.com assumed coverage on Ingersoll Rand in a report on Thursday, October 5th. They set a “hold” rating for the company. Barclays cut their price objective on Ingersoll Rand from $76.00 to $74.00 in a report on Thursday, September 7th. Finally, Wells Fargo & Company cut their price objective on Ingersoll Rand from $76.00 to $70.00 in a report on Monday, October 9th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.10.

Ingersoll Rand Stock Performance

Shares of NYSE:IR opened at $70.32 on Friday. Ingersoll Rand Inc. has a twelve month low of $50.75 and a twelve month high of $70.65. The firm has a market cap of $28.47 billion, a PE ratio of 37.60, a price-to-earnings-growth ratio of 2.04 and a beta of 1.47. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.60 and a current ratio of 2.26. The business has a fifty day moving average of $64.57 and a 200-day moving average of $64.23.

Ingersoll Rand Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Monday, November 20th will be given a $0.02 dividend. The ex-dividend date is Friday, November 17th. This represents a $0.08 dividend on an annualized basis and a yield of 0.11%. Ingersoll Rand’s payout ratio is 4.28%.

Ingersoll Rand Company Profile

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.