Forsta AP Fonden Has $7.86 Million Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Forsta AP Fonden reduced its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 3.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 86,900 shares of the industrial products company’s stock after selling 2,800 shares during the period. Forsta AP Fonden’s holdings in Ingersoll Rand were worth $7,861,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of IR. Ashton Thomas Securities LLC acquired a new stake in shares of Ingersoll Rand during the third quarter worth $34,000. Eastern Bank bought a new stake in shares of Ingersoll Rand in the third quarter valued at about $42,000. UMB Bank n.a. boosted its position in shares of Ingersoll Rand by 27.0% during the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock worth $54,000 after buying an additional 127 shares during the period. Versant Capital Management Inc grew its holdings in shares of Ingersoll Rand by 654.4% during the fourth 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. Finally, Princeton Global Asset Management LLC acquired a new stake in Ingersoll Rand in the 3rd quarter valued at approximately $65,000. Institutional investors own 95.27% of the company’s stock.

Insider Buying and Selling

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

Ingersoll Rand Trading Up 3.0 %

IR opened at $93.91 on Friday. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46. Ingersoll Rand Inc. has a twelve month low of $79.73 and a twelve month high of $106.03. The stock has a market capitalization of $37.85 billion, a price-to-earnings ratio of 45.81, a P/E/G ratio of 3.73 and a beta of 1.44. The company has a 50-day simple moving average of $95.66 and a 200 day simple moving average of $95.70.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. The Goldman Sachs Group upped their price target on Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Wells Fargo & Company decreased their target price on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Citigroup cut 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 report on Monday, January 13th. Cfra raised their price objective on Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a report on Friday, October 4th. Finally, Barclays dropped their target price on Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.92.

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.