Ingersoll Rand Inc. (NYSE:IR) Shares Acquired by CX Institutional

CX Institutional boosted its holdings in Ingersoll Rand Inc. (NYSE:IR) by 6.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,740 shares of the industrial products company’s stock after buying an additional 171 shares during the quarter. CX Institutional’s holdings in Ingersoll Rand were worth $248,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Public Sector Pension Investment Board grew its holdings in shares of Ingersoll Rand by 73.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 15,470 shares of the industrial products company’s stock valued at $1,405,000 after acquiring an additional 6,549 shares in the last quarter. AXA S.A. boosted its holdings in Ingersoll Rand by 81.4% during the second quarter. AXA S.A. now owns 87,829 shares of the industrial products company’s stock valued at $7,978,000 after acquiring an additional 39,417 shares during the period. APG Asset Management N.V. boosted its holdings in Ingersoll Rand by 232.2% during the second quarter. APG Asset Management N.V. now owns 66,388 shares of the industrial products company’s stock valued at $5,627,000 after acquiring an additional 46,405 shares during the period. MBB Public Markets I LLC bought a new stake in Ingersoll Rand during the second quarter valued at about $2,645,000. Finally, Creative Planning raised its position in shares of Ingersoll Rand by 9.0% during the second quarter. Creative Planning now owns 66,160 shares of the industrial products company’s stock valued at $6,010,000 after buying an additional 5,458 shares during the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

Shares of IR stock opened at $93.11 on Monday. The firm has a 50-day moving average of $96.32 and a 200-day moving average of $95.80. The company has a market cap of $37.53 billion, a P/E ratio of 45.42, a P/E/G ratio of 3.73 and a beta of 1.44. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71. Ingersoll Rand Inc. has a one year low of $78.69 and a one year high of $106.03.

Insider Buying and Selling

In related news, CAO Michael J. Scheske sold 2,531 shares of the firm’s 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 sale, the chief accounting officer now directly owns 11,910 shares of the company’s stock, valued at $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 is available through the SEC website. 0.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on IR shares. Robert W. Baird dropped their price target on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Citigroup decreased their price objective on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Wells Fargo & Company decreased their price target on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Barclays reduced their price objective on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Finally, Cfra raised their price objective on shares of Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ingersoll Rand currently 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.