Contravisory Investment Management Inc. Purchases 178 Shares of Ingersoll Rand Inc. (NYSE:IR)

Contravisory Investment Management Inc. grew its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 1.9% during the 4th quarter, HoldingsChannel reports. The fund owned 9,474 shares of the industrial products company’s stock after acquiring an additional 178 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Ingersoll Rand were worth $857,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. American Century Companies Inc. grew its stake in shares of Ingersoll Rand by 32.2% during the second quarter. American Century Companies Inc. now owns 75,719 shares of the industrial products company’s stock valued at $6,878,000 after buying an additional 18,449 shares during the last quarter. Wealthspire Advisors LLC increased its stake in Ingersoll Rand by 5.5% in the 2nd quarter. Wealthspire Advisors LLC now owns 2,268 shares of the industrial products company’s stock worth $206,000 after purchasing an additional 119 shares during the period. Dimensional Fund Advisors LP lifted its position in Ingersoll Rand by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,462,558 shares of the industrial products company’s stock valued at $314,549,000 after purchasing an additional 224,463 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Ingersoll Rand during the second quarter valued at approximately $775,000. Finally, Argent Trust Co grew its holdings in shares of Ingersoll Rand by 4.2% in the second quarter. Argent Trust Co now owns 4,888 shares of the industrial products company’s stock worth $444,000 after purchasing an additional 195 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on IR shares. Wolfe Research raised shares of Ingersoll Rand to a “hold” rating in a research report on Friday, September 20th. Wells Fargo & Company dropped their price target on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Cfra boosted their price objective on shares of Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Robert W. Baird cut their target price on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Finally, Barclays reduced their price target on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ingersoll Rand currently has an average rating of “Moderate Buy” and a consensus price target of $106.50.

Insiders Place Their Bets

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total value of $246,620.64. Following the completion of the sale, the chief accounting officer now owns 11,910 shares in the company, valued at $1,160,510.40. This represents a 17.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.68% of the company’s stock.

Ingersoll Rand Stock Up 1.3 %

IR stock opened at $90.54 on Thursday. The business’s 50-day moving average is $98.07 and its two-hundred day moving average is $95.74. The company has a market cap of $36.49 billion, a price-to-earnings ratio of 44.17, a P/E/G ratio of 3.17 and a beta of 1.44. Ingersoll Rand Inc. has a fifty-two week low of $76.64 and a fifty-two week 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.

Ingersoll Rand Announces Dividend

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