Versant Capital Management Inc Raises Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Versant Capital Management Inc raised its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 654.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 679 shares of the industrial products company’s stock after purchasing an additional 589 shares during the quarter. Versant Capital Management Inc’s holdings in Ingersoll Rand were worth $61,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. National Bank of Canada FI lifted its holdings in shares of Ingersoll Rand by 24.0% during the second quarter. National Bank of Canada FI now owns 111,346 shares of the industrial products company’s stock worth $9,970,000 after purchasing an additional 21,579 shares during the period. Candriam S.C.A. boosted its holdings in shares of Ingersoll Rand by 3.0% in the 2nd quarter. Candriam S.C.A. now owns 199,419 shares of the industrial products company’s stock valued at $18,114,000 after acquiring an additional 5,797 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Ingersoll Rand in the second quarter worth $1,177,000. Caprock Group LLC raised its holdings in shares of Ingersoll Rand by 28.8% during the second quarter. Caprock Group LLC now owns 9,355 shares of the industrial products company’s stock worth $850,000 after purchasing an additional 2,093 shares during the last quarter. Finally, Ballentine Partners LLC lifted its position in Ingersoll Rand by 7.5% during the second quarter. Ballentine Partners LLC now owns 12,594 shares of the industrial products company’s stock valued at $1,144,000 after purchasing an additional 875 shares during the period. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Trading Up 2.2 %

Shares of Ingersoll Rand stock opened at $92.49 on Monday. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. Ingersoll Rand Inc. has a twelve month low of $74.01 and a twelve month high of $106.03. The firm has a market capitalization of $37.27 billion, a PE ratio of 45.12, a P/E/G ratio of 3.84 and a beta of 1.42. The firm’s 50-day moving average price is $99.09 and its 200 day moving average price is $95.87.

Ingersoll Rand Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th were given a $0.02 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. Ingersoll Rand’s dividend payout ratio (DPR) is presently 3.90%.

Insider Buying and Selling

In other news, CAO Michael J. Scheske sold 2,531 shares of the firm’s 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 approximately $1,160,510.40. This trade represents a 17.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on IR. Wells Fargo & Company increased their price target on Ingersoll Rand from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Stifel Nicolaus cut Ingersoll Rand from a “buy” rating to a “hold” rating and reduced their price target for the company from $112.00 to $107.00 in a research report on Monday, November 18th. The Goldman Sachs Group boosted their price target on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, December 12th. UBS Group initiated coverage on shares of Ingersoll Rand in a research note on Wednesday, November 13th. They set a “buy” rating and a $124.00 price objective on the stock. Finally, Robert W. Baird lowered their price target 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. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $107.67.

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.