Ingersoll Rand Inc. (NYSE:IR) Holdings Lowered by Everpar Advisors LLC

Everpar Advisors LLC cut its stake in Ingersoll Rand Inc. (NYSE:IR) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,487 shares of the industrial products company’s stock after selling 172 shares during the period. Everpar Advisors LLC’s holdings in Ingersoll Rand were worth $225,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. RDA Financial Network boosted its stake in Ingersoll Rand by 3.1% during the fourth quarter. RDA Financial Network now owns 4,324 shares of the industrial products company’s stock valued at $391,000 after buying an additional 128 shares in the last quarter. Contravisory Investment Management Inc. lifted its holdings in Ingersoll Rand by 1.9% in the 4th quarter. Contravisory Investment Management Inc. now owns 9,474 shares of the industrial products company’s stock valued at $857,000 after acquiring an additional 178 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Ingersoll Rand by 4,700.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,152 shares of the industrial products company’s stock valued at $104,000 after acquiring an additional 1,128 shares during the last quarter. Park Avenue Securities LLC boosted its position in shares of Ingersoll Rand by 3.3% during the 4th quarter. Park Avenue Securities LLC now owns 4,288 shares of the industrial products company’s stock valued at $388,000 after purchasing an additional 136 shares in the last quarter. Finally, Oak Thistle LLC acquired a new position in shares of Ingersoll Rand in the 4th quarter worth approximately $740,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Wall Street Analyst Weigh In

IR has been the subject of a number of research reports. Wolfe Research upgraded shares of Ingersoll Rand to a “hold” rating in a report on Friday, September 20th. Wells Fargo & Company reduced 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 lowered Ingersoll Rand from a “buy” rating to a “hold” rating and cut their target price for the stock from $112.00 to $107.00 in a research report on Monday, November 18th. Barclays decreased their price target on Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group boosted their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.50.

Ingersoll Rand Price Performance

NYSE IR opened at $91.90 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71. The firm has a market capitalization of $37.04 billion, a price-to-earnings ratio of 44.83, a price-to-earnings-growth ratio of 3.17 and a beta of 1.44. The company has a 50 day simple moving average of $97.56 and a 200-day simple moving average of $95.67. Ingersoll Rand Inc. has a 52-week low of $77.16 and a 52-week high of $106.03.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th were paid 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 of this dividend was Thursday, November 14th. Ingersoll Rand’s dividend payout ratio (DPR) is currently 3.90%.

Insider Activity

In other 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 transaction of $246,620.64. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

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.