Dakota Wealth Management increased its position in shares of Ingersoll Rand Inc. (NYSE:IR – Free Report) by 8.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,405 shares of the industrial products company’s stock after acquiring an additional 3,890 shares during the quarter. Dakota Wealth Management’s holdings in Ingersoll Rand were worth $4,469,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IR. Ashton Thomas Securities LLC purchased a new stake in shares of Ingersoll Rand in the third quarter valued at $34,000. Eastern Bank purchased a new stake in Ingersoll Rand in the 3rd quarter worth about $42,000. UMB Bank n.a. boosted its position in Ingersoll Rand by 27.0% during the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 127 shares during the period. Kimelman & Baird LLC purchased a new position in Ingersoll Rand during the 2nd quarter valued at about $57,000. Finally, Versant Capital Management Inc increased its holdings in shares of Ingersoll Rand by 654.4% in the 4th quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 589 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.
Wall Street Analysts Forecast Growth
IR has been the topic of a number of research analyst reports. UBS Group initiated coverage on shares of Ingersoll Rand in a research report on Wednesday, November 13th. They set a “buy” rating and a $124.00 price objective on the stock. Robert W. Baird lowered their price target on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. The Goldman Sachs Group increased 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. Cfra boosted their target price on Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Finally, Citigroup cut their price target on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $106.50.
Ingersoll Rand Stock Up 0.2 %
IR opened at $94.28 on Thursday. Ingersoll Rand Inc. has a twelve month low of $78.36 and a twelve month high of $106.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36. The business has a 50 day moving average price of $96.89 and a 200 day moving average price of $95.78. The firm has a market cap of $37.99 billion, a P/E ratio of 45.99, a price-to-earnings-growth ratio of 3.62 and a beta of 1.44.
Insider Transactions at Ingersoll Rand
In other news, CAO Michael J. Scheske sold 2,531 shares of the firm’s stock in a transaction dated 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 directly owns 11,910 shares of the company’s stock, valued at approximately $1,160,510.40. This trade represents a 17.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.68% of the stock is owned by corporate 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.
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