tru Independence LLC Makes New Investment in Ingersoll Rand Inc. (NYSE:IR)

tru Independence LLC bought a new stake in shares of Ingersoll Rand Inc. (NYSE:IR) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 3,213 shares of the industrial products company’s stock, valued at approximately $291,000.

Several other institutional investors have also made changes to their positions in the business. Ashton Thomas Securities LLC acquired a new stake in shares of Ingersoll Rand in the 3rd quarter valued at $34,000. Eastern Bank acquired a new position in Ingersoll Rand in the third quarter valued at about $42,000. UMB Bank n.a. boosted its position in Ingersoll Rand by 27.0% in the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock valued at $54,000 after buying an additional 127 shares in the last quarter. Kimelman & Baird LLC acquired a new position in Ingersoll Rand in the second quarter valued at about $57,000. Finally, Versant Capital Management Inc boosted its position in Ingersoll Rand by 654.4% in the fourth 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 in the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ingersoll Rand

In related news, CAO Michael J. Scheske sold 2,531 shares of the firm’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 sale, the chief accounting officer now directly owns 11,910 shares in the company, valued at $1,160,510.40. This trade represents a 17.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.68% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

IR has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price objective on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Citigroup decreased their price target on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Wells Fargo & Company decreased their price target on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Robert W. Baird decreased their price objective on Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Finally, Barclays decreased their price objective on 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 analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $105.92.

Ingersoll Rand Stock Down 0.9 %

Shares of NYSE:IR opened at $92.28 on Monday. The company has a 50 day moving average price of $96.32 and a two-hundred day moving average price of $95.81. 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 company has a market capitalization of $37.19 billion, a PE ratio of 45.28, a PEG ratio of 3.73 and a beta of 1.44. Ingersoll Rand Inc. has a 52 week low of $79.04 and a 52 week high of $106.03.

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.