Ingersoll Rand Inc. (NYSE:IR) Shares Sold by Andra AP fonden

Andra AP fonden lowered its position in shares of Ingersoll Rand Inc. (NYSE:IRFree Report) by 58.3% in the third quarter, Holdings Channel.com reports. The fund owned 5,000 shares of the industrial products company’s stock after selling 7,000 shares during the quarter. Andra AP fonden’s holdings in Ingersoll Rand were worth $319,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in IR. OFI Invest Asset Management acquired a new position in shares of Ingersoll Rand in the third quarter worth $25,000. Pacifica Partners Inc. acquired a new position in Ingersoll Rand during the 3rd quarter worth $28,000. Lazard Asset Management LLC increased its holdings in Ingersoll Rand by 1,566.7% during the 2nd quarter. Lazard Asset Management LLC now owns 450 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 423 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Ingersoll Rand in the 3rd quarter valued at about $32,000. Finally, Clearstead Advisors LLC boosted its stake in shares of Ingersoll Rand by 348.2% in the 3rd quarter. Clearstead Advisors LLC now owns 493 shares of the industrial products company’s stock valued at $31,000 after buying an additional 383 shares during the period. Hedge funds and other institutional investors own 94.54% of the company’s stock.

Ingersoll Rand Stock Up 0.6 %

Shares of NYSE IR opened at $85.90 on Monday. The business has a 50-day moving average price of $77.49 and a 200 day moving average price of $70.28. The stock has a market cap of $34.77 billion, a PE ratio of 45.94, a price-to-earnings-growth ratio of 2.03 and a beta of 1.43. The company has a quick ratio of 1.60, a current ratio of 2.26 and a debt-to-equity ratio of 0.28. Ingersoll Rand Inc. has a 52-week low of $51.84 and a 52-week high of $86.51.

Analysts Set New Price Targets

Several analysts recently weighed in on IR shares. Stifel Nicolaus raised shares of Ingersoll Rand from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Tuesday, October 24th. Wells Fargo & Company raised their price objective on shares of Ingersoll Rand from $73.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, December 19th. Cfra boosted their target price on shares of Ingersoll Rand from $66.00 to $68.00 and gave the stock a “hold” rating in a research note on Thursday, November 2nd. UBS Group raised their price target on Ingersoll Rand from $78.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Finally, Citigroup upped their price objective on Ingersoll Rand from $79.00 to $86.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $75.27.

Read Our Latest Report on IR

Insider Buying and Selling at Ingersoll Rand

In related news, insider Andrew R. Schiesl sold 13,000 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $71.89, for a total transaction of $934,570.00. Following the completion of the sale, the insider now owns 45,263 shares in the company, valued at approximately $3,253,957.07. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.83% of the stock is owned by company insiders.

About Ingersoll Rand

(Free Report)

Ingersoll Rand Inc provides various mission-critical air, fluid, energy, specialty vehicle, and medical technologies in the United States, Europe, the Middle East, India, Africa, and the Asia Pacific. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies.

See Also

Want to see what other hedge funds are holding IR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingersoll Rand Inc. (NYSE:IRFree Report).

Institutional Ownership by Quarter for Ingersoll Rand (NYSE:IR)

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