Oak Thistle LLC Takes $740,000 Position in Ingersoll Rand Inc. (NYSE:IR)

Oak Thistle LLC acquired a new position in shares of Ingersoll Rand Inc. (NYSE:IR) during the 4th quarter, Holdings Channel reports. The fund acquired 8,175 shares of the industrial products company’s stock, valued at approximately $740,000.

A number of other institutional investors have also recently bought and sold shares of IR. American Century Companies Inc. increased its position in shares of 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 worth $6,878,000 after acquiring an additional 18,449 shares in the last quarter. Wealthspire Advisors LLC boosted its stake in Ingersoll Rand by 5.5% in the 2nd quarter. Wealthspire Advisors LLC now owns 2,268 shares of the industrial products company’s stock worth $206,000 after purchasing an additional 119 shares during the period. Dimensional Fund Advisors LP increased its holdings in Ingersoll Rand by 6.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,462,558 shares of the industrial products company’s stock worth $314,549,000 after purchasing an additional 224,463 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Ingersoll Rand in the 2nd quarter valued at about $775,000. Finally, Argent Trust Co boosted 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 buying an additional 195 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus lowered Ingersoll Rand from a “buy” rating to a “hold” rating and dropped their target price for the company from $112.00 to $107.00 in a research report on Monday, November 18th. Robert W. Baird lowered 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. Citigroup reduced their target price on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a report on Monday. Wolfe Research upgraded shares of Ingersoll Rand to a “hold” rating in a research note on Friday, September 20th. Finally, The Goldman Sachs Group increased their price objective on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.50.

Ingersoll Rand Stock Performance

IR opened at $90.54 on Thursday. 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 $76.64 and a 12-month high of $106.03. The business has a 50 day moving average of $98.07 and a 200-day moving average of $95.74. The stock has a market cap of $36.49 billion, a price-to-earnings ratio of 44.17, a PEG ratio of 3.84 and a beta of 1.44.

Ingersoll Rand Dividend Announcement

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

Insiders Place Their Bets

In other Ingersoll Rand 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.68% of the company’s stock.

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.