Dai ichi Life Insurance Company Ltd Has $2.06 Million Holdings in Ingersoll Rand Inc. (NYSE:IR)

Dai ichi Life Insurance Company Ltd increased its holdings in Ingersoll Rand Inc. (NYSE:IR) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,005 shares of the industrial products company’s stock after buying an additional 946 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Ingersoll Rand were worth $2,062,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Ridgewood Investments LLC bought a new position in Ingersoll Rand in the 2nd quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new position in Ingersoll Rand during the third quarter valued at approximately $34,000. Eastern Bank bought a new stake in Ingersoll Rand during the third quarter worth $42,000. EverSource Wealth Advisors LLC increased its stake in shares of Ingersoll Rand by 38.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 453 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 126 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Ingersoll Rand by 196.8% in the 2nd quarter. UMB Bank n.a. now owns 466 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 309 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

Shares of IR stock opened at $104.05 on Thursday. The stock has a market capitalization of $41.93 billion, a PE ratio of 50.76, a PEG ratio of 4.00 and a beta of 1.42. The business’s 50 day simple moving average is $99.91 and its 200 day simple moving average is $94.97. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71. Ingersoll Rand Inc. has a one year low of $69.46 and a one year high of $106.03.

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.08 annualized dividend and a yield of 0.08%. Ingersoll Rand’s payout ratio is 3.90%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on IR shares. Wolfe Research raised Ingersoll Rand to a “hold” rating in a research note on Friday, September 20th. Barclays increased their price objective on shares of Ingersoll Rand from $101.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Evercore ISI lowered their price target on shares of Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating for the company in a report on Monday, August 19th. Wells Fargo & Company raised their price objective on Ingersoll Rand from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Finally, Cfra upped their target price on Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Ingersoll Rand currently has an average rating of “Moderate Buy” and a consensus price target of $103.83.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total value of $246,620.64. Following the transaction, the chief accounting officer now directly owns 11,910 shares of the company’s stock, valued at approximately $1,160,510.40. The trade was a 17.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.68% of the company’s stock.

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.