Ingersoll Rand Inc. (NYSE:IR) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its holdings in Ingersoll Rand Inc. (NYSE:IR) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 108,323 shares of the industrial products company’s stock after buying an additional 415 shares during the period. Nisa Investment Advisors LLC’s holdings in Ingersoll Rand were worth $9,799,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IR. Ashton Thomas Securities LLC acquired a new stake in shares of Ingersoll Rand in the third quarter worth approximately $34,000. Eastern Bank acquired a new position in shares of Ingersoll Rand in the 3rd quarter valued at $42,000. UMB Bank n.a. grew its stake in shares of Ingersoll Rand by 27.0% during the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock valued at $54,000 after buying an additional 127 shares during the period. Kimelman & Baird LLC acquired a new stake in shares of Ingersoll Rand during the 2nd quarter worth $57,000. Finally, Versant Capital Management Inc raised its position 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 worth $61,000 after buying an additional 589 shares during the period. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Insider Activity

In other news, CAO Michael J. Scheske sold 2,531 shares of the company’s stock in a transaction dated 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 owns 11,910 shares in the company, valued at approximately $1,160,510.40. This represents a 17.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on IR. The Goldman Sachs Group upped their price target on Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. UBS Group began coverage on shares of Ingersoll Rand in a report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price target on the stock. Stifel Nicolaus downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $112.00 to $107.00 in a research note on Monday, November 18th. Barclays cut 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 note on Wednesday, January 8th. Finally, Cfra upped their price target on shares of Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $106.50.

Ingersoll Rand Trading Down 0.1 %

Shares of IR opened at $94.18 on Friday. Ingersoll Rand Inc. has a one year low of $78.61 and a one year high of $106.03. The stock has a 50-day moving average price of $96.68 and a 200 day moving average price of $95.77. 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 company has a market capitalization of $37.96 billion, a P/E ratio of 45.94, a P/E/G ratio of 3.72 and a beta of 1.44.

Ingersoll Rand Company 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.