Wealth Enhancement Advisory Services LLC Acquires 441 Shares of Ingersoll Rand Inc. (NYSE:IR)

Wealth Enhancement Advisory Services LLC boosted its holdings in Ingersoll Rand Inc. (NYSE:IR) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,549 shares of the industrial products company’s stock after acquiring an additional 441 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Ingersoll Rand were worth $1,428,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Ashton Thomas Securities LLC purchased a new stake in Ingersoll Rand during the 3rd quarter valued at about $34,000. Eastern Bank bought a new stake in Ingersoll Rand in the third quarter valued at approximately $42,000. Kimelman & Baird LLC bought a new stake in Ingersoll Rand in the second quarter valued at approximately $57,000. Versant Capital Management Inc boosted its stake in shares of Ingersoll Rand by 654.4% during the fourth quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 589 shares during the period. Finally, Princeton Global Asset Management LLC bought a new position in shares of Ingersoll Rand in the third quarter worth approximately $65,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Insider Transactions at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 2,531 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.68% of the company’s stock.

Ingersoll Rand Price Performance

IR opened at $90.54 on Thursday. The firm has a market cap of $36.49 billion, a PE ratio of 44.17, a P/E/G ratio of 3.84 and a beta of 1.44. The stock has a 50-day moving average price of $98.07 and a 200-day moving average price of $95.74. Ingersoll Rand Inc. has a 1 year low of $76.64 and a 1 year high of $106.03. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71.

Ingersoll Rand Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. UBS Group began coverage on Ingersoll Rand in a research note on Wednesday, November 13th. They issued a “buy” rating and a $124.00 target price on the stock. Wolfe Research raised Ingersoll Rand to a “hold” rating in a research report on Friday, September 20th. Stifel Nicolaus lowered Ingersoll Rand from a “buy” rating to a “hold” rating and cut their price objective for the stock from $112.00 to $107.00 in a research report on Monday, November 18th. Finally, Barclays reduced their target price on Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.