Zurcher Kantonalbank Zurich Cantonalbank Has $18.25 Million Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in Ingersoll Rand Inc. (NYSE:IR) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 185,956 shares of the industrial products company’s stock after selling 1,630 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ingersoll Rand were worth $18,253,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. FMR LLC raised its position in Ingersoll Rand by 10.5% during the 3rd quarter. FMR LLC now owns 16,152,094 shares of the industrial products company’s stock worth $1,585,489,000 after purchasing an additional 1,538,056 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Ingersoll Rand by 9,681.5% during the third quarter. International Assets Investment Management LLC now owns 360,349 shares of the industrial products company’s stock worth $353,720,000 after acquiring an additional 356,665 shares during the last quarter. Ensign Peak Advisors Inc lifted its stake in shares of Ingersoll Rand by 20.8% in the second quarter. Ensign Peak Advisors Inc now owns 1,454,956 shares of the industrial products company’s stock worth $132,168,000 after acquiring an additional 250,712 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Ingersoll Rand by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,462,558 shares of the industrial products company’s stock valued at $314,549,000 after acquiring an additional 224,463 shares during the last quarter. Finally, Swedbank AB increased its position in Ingersoll Rand by 34.0% during the 2nd quarter. Swedbank AB now owns 780,712 shares of the industrial products company’s stock valued at $70,920,000 after purchasing an additional 198,200 shares during the period. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

Shares of IR opened at $104.24 on Friday. The business’s fifty day moving average is $100.18 and its 200 day moving average is $95.13. Ingersoll Rand Inc. has a 12-month low of $69.51 and a 12-month high of $106.03. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46. The stock has a market cap of $42.01 billion, a P/E ratio of 50.85, a P/E/G ratio of 3.95 and a beta of 1.42.

Ingersoll Rand Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on IR shares. Wells Fargo & Company boosted their price target on shares of Ingersoll Rand from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Stifel Nicolaus cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating and cut their price target for the company from $112.00 to $107.00 in a research report on Monday, November 18th. Evercore ISI lowered their price objective on Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating for the company in a research report on Monday, August 19th. UBS Group started coverage on 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, Robert W. Baird lowered their target price on Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.83.

Insider Transactions at Ingersoll Rand

In related news, CAO Michael J. Scheske sold 2,531 shares of Ingersoll Rand stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total transaction of $246,620.64. Following the transaction, the chief accounting officer now owns 11,910 shares of the company’s stock, valued at $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 is available at this link. 0.68% of the stock is currently owned by insiders.

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.