Ingersoll Rand Inc. (NYSE:IR) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 100.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,065 shares of the industrial products company’s stock after acquiring an additional 9,060 shares during the quarter. GAMMA Investing LLC’s holdings in Ingersoll Rand were worth $1,634,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in IR. Wealthspire Advisors LLC lifted its stake in shares of Ingersoll Rand by 5.5% during the second 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 in the last quarter. Kanawha Capital Management LLC lifted its position in Ingersoll Rand by 2.4% during the 3rd quarter. Kanawha Capital Management LLC now owns 5,096 shares of the industrial products company’s stock worth $500,000 after acquiring an additional 119 shares in the last quarter. Opal Wealth Advisors LLC boosted its holdings in Ingersoll Rand by 6.0% in the 3rd quarter. Opal Wealth Advisors LLC now owns 2,145 shares of the industrial products company’s stock worth $211,000 after acquiring an additional 121 shares during the period. Asio Capital LLC raised its stake in shares of Ingersoll Rand by 0.3% during the third quarter. Asio Capital LLC now owns 44,085 shares of the industrial products company’s stock valued at $4,327,000 after purchasing an additional 133 shares during the period. Finally, GHP Investment Advisors Inc. lifted its position in shares of Ingersoll Rand by 5.4% during the third quarter. GHP Investment Advisors Inc. now owns 2,821 shares of the industrial products company’s stock worth $277,000 after purchasing an additional 144 shares in the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Michael J. Scheske sold 2,531 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total value of $246,620.64. Following the sale, the chief accounting officer now owns 11,910 shares of the company’s stock, valued at $1,160,510.40. This trade represents a 17.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

IR has been the topic of several analyst reports. The Goldman Sachs Group lifted their price target on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. UBS Group assumed coverage on Ingersoll Rand in a research note on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price target on the stock. Cfra raised their price objective on Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Robert W. Baird cut their target price 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 raised their price target on shares of Ingersoll Rand from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $107.67.

Ingersoll Rand Trading Up 2.2 %

NYSE IR opened at $92.49 on Friday. The firm has a market capitalization of $37.27 billion, a PE ratio of 45.12, a price-to-earnings-growth ratio of 3.86 and a beta of 1.44. Ingersoll Rand Inc. has a one year low of $74.01 and a one year high of $106.03. The company has a 50-day simple moving average of $99.16 and a 200-day simple moving average of $95.85. 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 business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date was Thursday, November 14th. Ingersoll Rand’s payout ratio 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.