Ingersoll Rand Inc. (NYSE:IR) Shares Purchased by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC boosted its position in Ingersoll Rand Inc. (NYSE:IR) by 13.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,077 shares of the industrial products company’s stock after purchasing an additional 4,005 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Ingersoll Rand were worth $2,992,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mutual Advisors LLC lifted its stake in Ingersoll Rand by 12.2% in the 4th quarter. Mutual Advisors LLC now owns 3,996 shares of the industrial products company’s stock worth $363,000 after purchasing an additional 436 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Ingersoll Rand by 1.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 84,347 shares of the industrial products company’s stock valued at $7,630,000 after purchasing an additional 1,542 shares during the last quarter. Dakota Wealth Management lifted its position in Ingersoll Rand by 8.5% during the fourth quarter. Dakota Wealth Management now owns 49,405 shares of the industrial products company’s stock worth $4,469,000 after buying an additional 3,890 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Ingersoll Rand by 0.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 108,323 shares of the industrial products company’s stock worth $9,799,000 after buying an additional 415 shares in the last quarter. Finally, Atomi Financial Group Inc. acquired a new position in Ingersoll Rand during the fourth quarter worth $226,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Cfra raised their target price on Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Barclays cut their price objective on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. UBS Group assumed coverage on shares of Ingersoll Rand in a report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 target price on the stock. Wells Fargo & Company cut their price target on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Finally, Citigroup reduced their price target on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $106.50.

Ingersoll Rand Stock Up 0.2 %

NYSE:IR opened at $94.28 on Thursday. Ingersoll Rand Inc. has a 52 week low of $78.36 and a 52 week high of $106.03. The stock’s fifty day moving average is $96.68 and its two-hundred day moving average is $95.77. The stock has a market capitalization of $37.99 billion, a price-to-earnings ratio of 45.99, a price-to-earnings-growth ratio of 3.72 and a beta of 1.44. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46.

Insider Activity 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 shares were sold at an average price of $97.44, for a total value of $246,620.64. Following the completion of the transaction, the chief accounting officer now owns 11,910 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.68% of the company’s stock.

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.