Ingersoll Rand Inc. (NYSE:IR) Stock Position Lifted by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC lifted its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,914 shares of the industrial products company’s stock after purchasing an additional 395 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Ingersoll Rand were worth $354,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of IR. Ashton Thomas Securities LLC bought a new stake in shares of Ingersoll Rand during the 3rd quarter worth about $34,000. Eastern Bank bought a new stake in Ingersoll Rand during the third quarter worth approximately $42,000. UMB Bank n.a. lifted its position in Ingersoll Rand by 27.0% in the fourth quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 127 shares during the period. Kimelman & Baird LLC bought a new position in Ingersoll Rand during the 2nd quarter valued at $57,000. Finally, Princeton Global Asset Management LLC acquired a new position in shares of Ingersoll Rand during the 3rd quarter valued at $65,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

Shares of NYSE:IR opened at $94.09 on Wednesday. The company has a market cap of $37.92 billion, a P/E ratio of 45.90, a price-to-earnings-growth ratio of 3.59 and a beta of 1.44. The company’s fifty day moving average is $97.09 and its two-hundred day moving average is $95.76. 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 12-month low of $78.36 and a 12-month high of $106.03.

Ingersoll Rand Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 14th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend was Thursday, November 14th. Ingersoll Rand’s dividend payout ratio is currently 3.90%.

Insiders Place Their Bets

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of Ingersoll Rand stock in a transaction on Tuesday, November 5th. The shares were 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 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on IR. Citigroup decreased their target price on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 13th. UBS Group started coverage on shares of Ingersoll Rand in a research report on Wednesday, November 13th. They set a “buy” rating and a $124.00 price objective for the company. Wells Fargo & Company dropped their target price on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. The Goldman Sachs Group increased their target price on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Cfra upped their price target on Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a report on Friday, October 4th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $106.50.

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.