Park Avenue Securities LLC Purchases 136 Shares of Ingersoll Rand Inc. (NYSE:IR)

Park Avenue Securities LLC increased its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 3.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,288 shares of the industrial products company’s stock after purchasing an additional 136 shares during the period. Park Avenue Securities LLC’s holdings in Ingersoll Rand were worth $388,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Oak Thistle LLC bought a new position in shares of Ingersoll Rand during the 4th quarter worth about $740,000. AdvisorNet Financial Inc increased its stake in Ingersoll Rand by 441.4% during the fourth quarter. AdvisorNet Financial Inc now owns 18,652 shares of the industrial products company’s stock valued at $1,687,000 after acquiring an additional 15,207 shares during the period. Miracle Mile Advisors LLC increased its stake in Ingersoll Rand by 10.5% during the fourth quarter. Miracle Mile Advisors LLC now owns 18,977 shares of the industrial products company’s stock valued at $1,717,000 after acquiring an additional 1,798 shares during the period. Wedmont Private Capital lifted its position in shares of Ingersoll Rand by 10.7% in the 4th quarter. Wedmont Private Capital now owns 6,119 shares of the industrial products company’s stock worth $532,000 after acquiring an additional 592 shares during the period. Finally, Czech National Bank grew its holdings in shares of Ingersoll Rand by 6.3% during the 4th quarter. Czech National Bank now owns 87,381 shares of the industrial products company’s stock worth $7,904,000 after purchasing an additional 5,187 shares in the last quarter. Institutional investors own 95.27% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on IR. Robert W. Baird reduced their target price on Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Wells Fargo & Company dropped their price objective 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. Stifel Nicolaus decreased their price objective on shares of Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday. Cfra lifted their target price on shares of Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Finally, The Goldman Sachs Group raised their price target on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ingersoll Rand presently has a consensus rating of “Moderate Buy” and an average price target of $105.92.

Insider Transactions at Ingersoll Rand

In related 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 approximately $1,160,510.40. This represents a 17.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.68% of the stock is owned by corporate insiders.

Ingersoll Rand Trading Down 1.0 %

IR stock opened at $93.11 on Friday. The company has a market cap of $37.53 billion, a P/E ratio of 45.42, a PEG ratio of 3.73 and a beta of 1.44. Ingersoll Rand Inc. has a twelve month low of $78.69 and a twelve month high of $106.03. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average of $96.51 and a 200-day moving average of $95.76.

About Ingersoll Rand

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.