ORG Wealth Partners LLC Has $66,000 Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

ORG Wealth Partners LLC cut its position in Ingersoll Rand Inc. (NYSE:IR) by 16.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 728 shares of the industrial products company’s stock after selling 141 shares during the period. ORG Wealth Partners LLC’s holdings in Ingersoll Rand were worth $66,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of IR. Ashton Thomas Securities LLC acquired a new stake in Ingersoll Rand in the third quarter worth $34,000. Eastern Bank acquired a new stake in Ingersoll Rand in the third quarter worth $42,000. Kimelman & Baird LLC acquired a new stake in shares of Ingersoll Rand during the second quarter worth $57,000. Versant Capital Management Inc raised 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 acquiring an additional 589 shares during the period. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of Ingersoll Rand during the third quarter worth $65,000. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on IR. Citigroup raised their price objective on shares of Ingersoll Rand from $112.00 to $119.00 and gave the stock a “buy” rating in a report on Monday, December 9th. UBS Group began coverage on shares of Ingersoll Rand in a report on Wednesday, November 13th. They set a “buy” rating and a $124.00 price objective on the stock. Cfra raised their price objective on shares of Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Robert W. Baird dropped their price objective on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Finally, Barclays decreased their target price on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.83.

Insider Transactions at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 2,531 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total transaction of $246,620.64. Following the transaction, the chief accounting officer now directly owns 11,910 shares in the company, valued at $1,160,510.40. The trade was a 17.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.68% of the stock is owned by company insiders.

Ingersoll Rand Stock Down 2.4 %

Ingersoll Rand stock opened at $87.08 on Friday. The firm has a market capitalization of $35.09 billion, a PE ratio of 42.48, a P/E/G ratio of 3.84 and a beta of 1.44. The company’s 50-day moving average is $98.36 and its 200-day moving average is $95.69. Ingersoll Rand Inc. has a fifty-two week low of $75.54 and a fifty-two week high of $106.03. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71.

Ingersoll Rand Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. Ingersoll Rand’s dividend payout ratio is presently 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.