ORG Wealth Partners LLC Has $66,000 Stock Position in Ingersoll Rand Inc. (NYSE:IR)

ORG Wealth Partners LLC lowered its stake in Ingersoll Rand Inc. (NYSE:IR) by 16.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 728 shares of the industrial products company’s stock after selling 141 shares during the period. ORG Wealth Partners LLC’s holdings in Ingersoll Rand were worth $66,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of IR. Ashton Thomas Securities LLC acquired a new position in Ingersoll Rand in the 3rd quarter valued at about $34,000. Eastern Bank acquired a new position in Ingersoll Rand in the 3rd quarter valued at about $42,000. Kimelman & Baird LLC acquired a new position in Ingersoll Rand in the 2nd quarter valued at about $57,000. Versant Capital Management Inc grew its stake in Ingersoll Rand by 654.4% in the 4th quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock valued at $61,000 after buying an additional 589 shares during the last quarter. Finally, Princeton Global Asset Management LLC acquired a new position in Ingersoll Rand in the 3rd quarter valued at about $65,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

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 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 completion of the transaction, the chief accounting officer now directly 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 legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.68% of the company’s stock.

Ingersoll Rand Price Performance

Shares of NYSE:IR opened at $87.08 on Friday. The company has a market cap of $35.09 billion, a price-to-earnings ratio of 42.48, a PEG ratio of 3.84 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. The firm has a 50 day simple moving average of $98.36 and a 200 day simple moving average of $95.69. Ingersoll Rand Inc. has a one year low of $75.54 and a one year high of $106.03.

Ingersoll Rand Dividend Announcement

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 $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.09%. The ex-dividend date was Thursday, November 14th. Ingersoll Rand’s dividend payout ratio (DPR) is currently 3.90%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on IR shares. 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 objective for the company. Barclays cut their price target on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday. 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 report on Friday, October 4th. Stifel Nicolaus downgraded shares of Ingersoll Rand from a “buy” rating to a “hold” rating and cut their price target for the stock from $112.00 to $107.00 in a report on Monday, November 18th. Finally, Wells Fargo & Company cut 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. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $106.83.

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.