Strategic Investment Advisors MI Boosts Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Strategic Investment Advisors MI boosted its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 26.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,765 shares of the industrial products company’s stock after purchasing an additional 1,220 shares during the quarter. Strategic Investment Advisors MI’s holdings in Ingersoll Rand were worth $522,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in Ingersoll Rand in the third quarter valued at $34,000. Eastern Bank purchased a new position in shares of Ingersoll Rand in the 3rd quarter valued at about $42,000. UMB Bank n.a. increased its holdings in shares of Ingersoll Rand by 27.0% in the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 127 shares during the last quarter. Kimelman & Baird LLC purchased a new stake in Ingersoll Rand during the second quarter worth approximately $57,000. Finally, Princeton Global Asset Management LLC purchased a new stake in Ingersoll Rand during the third quarter worth approximately $65,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

Shares of NYSE IR opened at $91.89 on Tuesday. The stock has a fifty day moving average price of $96.32 and a 200 day moving average price of $95.81. Ingersoll Rand Inc. has a 1-year low of $79.04 and a 1-year high of $106.03. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71. The company has a market cap of $37.03 billion, a PE ratio of 44.83, a P/E/G ratio of 3.73 and a beta of 1.44.

Wall Street Analyst Weigh In

A number of analysts have weighed in on IR shares. UBS Group initiated coverage on shares of Ingersoll Rand in a report on Wednesday, November 13th. They set a “buy” rating and a $124.00 price objective on the stock. Cfra boosted their price target on shares of Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a research report on Friday, October 4th. The Goldman Sachs Group raised their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Robert W. Baird reduced 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. Finally, Wells Fargo & Company dropped their price target on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $105.92.

Insiders Place Their Bets

In other Ingersoll Rand 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 value of $246,620.64. Following the sale, the chief accounting officer now 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.68% of the stock is owned by insiders.

About Ingersoll Rand

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.