Canandaigua National Bank & Trust Co. Has $236,000 Position in Ingersoll Rand Inc. (NYSE:IR)

Canandaigua National Bank & Trust Co. decreased its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 14.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,614 shares of the industrial products company’s stock after selling 449 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Ingersoll Rand were worth $236,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of IR. Acadian Asset Management LLC bought a new stake in shares of Ingersoll Rand during the second quarter worth approximately $1,177,000. Caprock Group LLC boosted its position in shares of Ingersoll Rand by 28.8% in the 2nd quarter. Caprock Group LLC now owns 9,355 shares of the industrial products company’s stock worth $850,000 after purchasing an additional 2,093 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Ingersoll Rand during the second quarter worth $125,000. Wedbush Securities Inc. bought a new stake in Ingersoll Rand in the second quarter valued at about $598,000. Finally, Choreo LLC bought a new position in Ingersoll Rand during the second quarter worth about $787,000. 95.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on IR. The Goldman Sachs Group upped their price target on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Cfra increased their target price on shares of Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Wells Fargo & Company decreased 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. Wolfe Research raised Ingersoll Rand to a “hold” rating in a research note on Friday, September 20th. Finally, UBS Group started coverage on Ingersoll Rand in a research note on Wednesday, November 13th. They issued a “buy” rating and a $124.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $107.25.

Ingersoll Rand Stock Performance

Shares of IR stock opened at $89.01 on Wednesday. The stock has a market cap of $35.87 billion, a P/E ratio of 43.42, a P/E/G ratio of 3.84 and a beta of 1.44. The company has a fifty day moving average price of $98.80 and a two-hundred day moving average price of $95.83. Ingersoll Rand Inc. has a one year low of $74.01 and a one year high of $106.03. 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 Announces Dividend

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

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 11,910 shares in the company, valued at $1,160,510.40. The trade was a 17.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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.