RDA Financial Network Buys 128 Shares of Ingersoll Rand Inc. (NYSE:IR)

RDA Financial Network lifted its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,324 shares of the industrial products company’s stock after acquiring an additional 128 shares during the quarter. RDA Financial Network’s holdings in Ingersoll Rand were worth $391,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in Ingersoll Rand by 32.2% during the second quarter. American Century Companies Inc. now owns 75,719 shares of the industrial products company’s stock valued at $6,878,000 after acquiring an additional 18,449 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of Ingersoll Rand during the second quarter worth about $775,000. Argent Trust Co grew its position in shares of Ingersoll Rand by 4.2% during the second quarter. Argent Trust Co now owns 4,888 shares of the industrial products company’s stock worth $444,000 after purchasing an additional 195 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Ingersoll Rand by 11.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 32,836 shares of the industrial products company’s stock valued at $2,983,000 after purchasing an additional 3,342 shares during the period. Finally, Blair William & Co. IL lifted its holdings in Ingersoll Rand by 2.7% in the 2nd quarter. Blair William & Co. IL now owns 12,749 shares of the industrial products company’s stock worth $1,158,000 after purchasing an additional 331 shares in the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on IR. Robert W. Baird reduced their price objective on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. UBS Group initiated coverage on shares of Ingersoll Rand in a report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price target on the stock. Wolfe Research upgraded shares of Ingersoll Rand to a “hold” rating in a research note on Friday, September 20th. The Goldman Sachs Group raised their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company decreased their target price on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $106.50.

Insiders Place Their Bets

In related news, CAO Michael J. Scheske sold 2,531 shares of the stock in a transaction dated Tuesday, November 5th. The shares were 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 represents a 17.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.68% of the stock is owned by insiders.

Ingersoll Rand Price Performance

NYSE:IR opened at $91.90 on Friday. The firm has a market capitalization of $37.04 billion, a price-to-earnings ratio of 44.83, a PEG ratio of 3.17 and a beta of 1.44. 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 business 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 1 year low of $77.16 and a 1 year high of $106.03.

Ingersoll Rand Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 14th were given a $0.02 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.08 dividend on an annualized basis and a 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.