Clarendon Private LLC Makes New $635,000 Investment in Ingersoll Rand Inc. (NYSE:IR)

Clarendon Private LLC acquired a new stake in shares of Ingersoll Rand Inc. (NYSE:IR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,022 shares of the industrial products company’s stock, valued at approximately $635,000.

Other hedge funds also recently made changes to their positions in the company. Andina Capital Management LLC raised its position in shares of Ingersoll Rand by 14.8% during the fourth quarter. Andina Capital Management LLC now owns 6,874 shares of the industrial products company’s stock worth $622,000 after purchasing an additional 884 shares during the period. Running Oak Capital LLC boosted its position in shares of Ingersoll Rand by 3.0% in the 4th quarter. Running Oak Capital LLC now owns 145,304 shares of the industrial products company’s stock valued at $13,144,000 after purchasing an additional 4,230 shares during the period. Tributary Capital Management LLC purchased a new position in Ingersoll Rand in the 4th quarter worth about $226,000. Linden Thomas Advisory Services LLC raised its holdings in Ingersoll Rand by 7.5% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 15,194 shares of the industrial products company’s stock worth $1,374,000 after buying an additional 1,064 shares during the period. Finally, CX Institutional lifted its stake in Ingersoll Rand by 6.7% during the fourth quarter. CX Institutional now owns 2,740 shares of the industrial products company’s stock valued at $248,000 after buying an additional 171 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Insider Transactions at Ingersoll Rand

In related news, CAO Michael J. Scheske sold 2,531 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total value of $246,620.64. Following the transaction, the chief accounting officer now directly owns 11,910 shares of the company’s stock, valued at approximately $1,160,510.40. This trade represents a 17.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.68% of the stock is currently owned by company insiders.

Ingersoll Rand Price Performance

Shares of IR opened at $93.11 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36. The firm has a market cap of $37.53 billion, a PE ratio of 45.42, a PEG ratio of 3.73 and a beta of 1.44. The firm’s 50 day moving average price is $96.32 and its 200 day moving average price is $95.77. Ingersoll Rand Inc. has a twelve month low of $78.69 and a twelve month high of $106.03.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on IR shares. Stifel Nicolaus cut their price target on shares of Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating on the stock in a report on Friday. Wells Fargo & Company cut their target price on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Robert W. Baird dropped their price target on 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 started coverage on Ingersoll Rand in a research report on Wednesday, November 13th. They set a “buy” rating and a $124.00 price objective for the company. Finally, Cfra upped their target price on Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a report on Friday, October 4th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Ingersoll Rand currently has an average rating of “Moderate Buy” and a consensus price target of $105.92.

About Ingersoll Rand

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.