Linden Thomas Advisory Services LLC Boosts Stock Position in Ingersoll Rand Inc. (NYSE:IR)

Linden Thomas Advisory Services LLC grew its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 7.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 15,194 shares of the industrial products company’s stock after buying an additional 1,064 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Ingersoll Rand were worth $1,374,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in Ingersoll Rand during the 3rd quarter valued at approximately $34,000. Eastern Bank bought a new position in shares of Ingersoll Rand during the 3rd quarter valued at approximately $42,000. UMB Bank n.a. grew its position in Ingersoll Rand by 27.0% in the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 127 shares during the last quarter. Kimelman & Baird LLC bought a new position in Ingersoll Rand in the 2nd quarter valued at $57,000. Finally, Versant Capital Management Inc grew its position in shares of Ingersoll Rand by 654.4% during the 4th quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock worth $61,000 after buying an additional 589 shares in the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on IR. Wells Fargo & Company dropped their price objective on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Citigroup dropped their target price on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 13th. UBS Group began coverage on Ingersoll Rand in a report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price objective on the stock. Cfra lifted their price target on Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Finally, The Goldman Sachs Group lifted their price target on Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $105.92.

Ingersoll Rand Price Performance

NYSE IR opened at $93.11 on Friday. Ingersoll Rand Inc. has a 1 year low of $78.69 and a 1 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 $37.53 billion, a P/E ratio of 45.42, a P/E/G ratio of 3.73 and a beta of 1.44. The business’s fifty day moving average is $96.32 and its two-hundred day moving average is $95.77.

Insider Buying and Selling

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of the business’s stock in a transaction on 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 owns 11,910 shares of the company’s stock, valued at $1,160,510.40. The trade was a 17.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.68% of the stock is currently owned by corporate insiders.

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.