Strategic Investment Advisors MI Increases Position in Ingersoll Rand Inc. (NYSE:IR)

Strategic Investment Advisors MI increased its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 26.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,765 shares of the industrial products company’s stock after acquiring an additional 1,220 shares during the period. Strategic Investment Advisors MI’s holdings in Ingersoll Rand were worth $522,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clarendon Private LLC acquired a new stake in Ingersoll Rand in the 4th quarter valued at about $635,000. Andina Capital Management LLC lifted its holdings in shares of Ingersoll Rand by 14.8% in the fourth quarter. Andina Capital Management LLC now owns 6,874 shares of the industrial products company’s stock valued at $622,000 after purchasing an additional 884 shares in the last quarter. Running Oak Capital LLC grew its position in shares of Ingersoll Rand by 3.0% in the fourth quarter. Running Oak Capital LLC now owns 145,304 shares of the industrial products company’s stock valued at $13,144,000 after purchasing an additional 4,230 shares during the last quarter. Tributary Capital Management LLC purchased a new position in shares of Ingersoll Rand during the 4th quarter worth approximately $226,000. Finally, Linden Thomas Advisory Services LLC raised its position in shares of Ingersoll Rand by 7.5% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 15,194 shares of the industrial products company’s stock worth $1,374,000 after purchasing an additional 1,064 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ingersoll Rand

In other 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 transaction of $246,620.64. Following the sale, the chief accounting officer now owns 11,910 shares in the company, valued at $1,160,510.40. This trade represents a 17.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.68% of the company’s stock.

Ingersoll Rand Stock Down 1.3 %

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. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. Ingersoll Rand Inc. has a 12-month low of $79.04 and a 12-month high of $106.03. The company has a market cap of $37.03 billion, a P/E 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 research firms recently commented on IR. The Goldman Sachs Group increased their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Wells Fargo & Company dropped their target price on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Cfra raised their price target on Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Robert W. Baird dropped their price objective on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Finally, Barclays decreased their target price on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $105.92.

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.