Orion Portfolio Solutions LLC Increases Position in Ingersoll Rand Inc. (NYSE:IR)

Orion Portfolio Solutions LLC raised its position in Ingersoll Rand Inc. (NYSE:IR) by 11.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,259 shares of the industrial products company’s stock after purchasing an additional 1,259 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Ingersoll Rand were worth $1,203,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IR. Ridgewood Investments LLC purchased a new stake in Ingersoll Rand in the second quarter valued at approximately $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Ingersoll Rand in the third quarter worth $34,000. UMB Bank n.a. grew its stake in shares of Ingersoll Rand by 196.8% during the second quarter. UMB Bank n.a. now owns 466 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 309 shares in the last quarter. Eastern Bank acquired a new position in shares of Ingersoll Rand during the third quarter worth $42,000. Finally, Rothschild Investment LLC acquired a new position in shares of Ingersoll Rand during the second quarter worth $43,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on IR shares. The Goldman Sachs Group boosted their target price on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday. Stifel Nicolaus downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating and lowered their target price for the stock from $112.00 to $107.00 in a research note on Monday, November 18th. Cfra boosted their target price on shares of Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Barclays boosted their price target on shares of Ingersoll Rand from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company boosted their price target on shares of Ingersoll Rand from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Ingersoll Rand presently has a consensus rating of “Moderate Buy” and an average target price of $107.67.

Insider Activity

In related news, CAO Michael J. Scheske sold 2,531 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total transaction of $246,620.64. Following the completion of the transaction, the chief accounting officer now directly owns 11,910 shares of the company’s stock, valued at $1,160,510.40. This 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 link. Corporate insiders own 0.68% of the company’s stock.

Ingersoll Rand Price Performance

Shares of NYSE:IR opened at $101.10 on Friday. The company has a 50-day simple moving average of $101.10 and a 200-day simple moving average of $95.75. 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 quick ratio of 1.71 and a current ratio of 2.36. The stock has a market capitalization of $40.74 billion, a price-to-earnings ratio of 49.32, a PEG ratio of 3.86 and a beta of 1.42.

Ingersoll Rand Dividend Announcement

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

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.