Ingersoll Rand Inc. (NYSE:IR) Position Increased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 108,323 shares of the industrial products company’s stock after purchasing an additional 415 shares during the period. Nisa Investment Advisors LLC’s holdings in Ingersoll Rand were worth $9,799,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Kanawha Capital Management LLC increased its position in Ingersoll Rand by 2.4% in the third quarter. Kanawha Capital Management LLC now owns 5,096 shares of the industrial products company’s stock worth $500,000 after buying an additional 119 shares during the period. Opal Wealth Advisors LLC increased its holdings in shares of 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. UMB Bank n.a. increased its holdings in shares of Ingersoll Rand by 27.0% in the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 127 shares during the period. RDA Financial Network lifted its position in Ingersoll Rand by 3.1% in the 4th quarter. RDA Financial Network now owns 4,324 shares of the industrial products company’s stock valued at $391,000 after purchasing an additional 128 shares during the last quarter. Finally, Asio Capital LLC boosted its stake in Ingersoll Rand by 0.3% during the 3rd 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. 95.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

IR has been the topic of a number of recent analyst reports. UBS Group initiated coverage on Ingersoll Rand in a report on Wednesday, November 13th. They set a “buy” rating and a $124.00 price target on the stock. Stifel Nicolaus downgraded Ingersoll Rand from a “buy” rating to a “hold” rating and cut their target price for the company from $112.00 to $107.00 in a research note on Monday, November 18th. The Goldman Sachs Group boosted 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. Robert W. Baird lowered their price target on Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Finally, Wells Fargo & Company reduced their price objective on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Seven equities research 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 a consensus rating of “Moderate Buy” and a consensus price target of $106.50.

Ingersoll Rand Trading Down 0.1 %

Shares of NYSE:IR opened at $94.18 on Friday. The stock has a market capitalization of $37.96 billion, a price-to-earnings ratio of 45.94, a PEG ratio of 3.72 and a beta of 1.44. Ingersoll Rand Inc. has a 1-year low of $78.61 and a 1-year high of $106.03. The company has a 50 day moving average price of $96.68 and a 200 day moving average price of $95.77. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36.

Insider Transactions at Ingersoll Rand

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

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.