Ingersoll Rand Inc. (NYSE:IR) Stock Holdings Increased by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in Ingersoll Rand Inc. (NYSE:IR) by 100.6% in the 4th quarter, HoldingsChannel reports. The firm owned 18,065 shares of the industrial products company’s stock after purchasing an additional 9,060 shares during the quarter. GAMMA Investing LLC’s holdings in Ingersoll Rand were worth $1,634,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of IR. Versant Capital Management Inc increased its stake in shares of Ingersoll Rand by 654.4% during the fourth quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 589 shares during the period. JPMorgan Chase & Co. boosted its stake in Ingersoll Rand by 8.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 18,229,178 shares of the industrial products company’s stock valued at $1,789,376,000 after purchasing an additional 1,462,538 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Ingersoll Rand by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 467,439 shares of the industrial products company’s stock valued at $45,884,000 after purchasing an additional 3,165 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in shares of Ingersoll Rand by 58.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 5,728 shares of the industrial products company’s stock worth $564,000 after buying an additional 2,122 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of Ingersoll Rand in the third quarter valued at $2,193,000. 95.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling 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 transaction of $246,620.64. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.68% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on IR. Cfra boosted 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. Stifel Nicolaus cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating and reduced their target price for the stock from $112.00 to $107.00 in a report on Monday, November 18th. Morgan Stanley started coverage on Ingersoll Rand in a report on Friday, September 6th. They issued an “equal weight” rating and a $97.00 price target on the stock. Citigroup raised their price objective on Ingersoll Rand from $112.00 to $119.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Robert W. Baird decreased their target price on Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $107.67.

Ingersoll Rand Trading Up 2.2 %

NYSE:IR opened at $92.49 on Friday. The stock’s 50-day moving average is $99.16 and its two-hundred day moving average is $95.85. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71. The stock has a market cap of $37.27 billion, a PE ratio of 45.12, a price-to-earnings-growth ratio of 3.86 and a beta of 1.44. Ingersoll Rand Inc. has a fifty-two week low of $74.01 and a fifty-two week high of $106.03.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th were given a $0.02 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.09%. Ingersoll Rand’s payout ratio is 3.90%.

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.