Assenagon Asset Management S.A. Sells 339 Shares of Ingersoll Rand Inc. (NYSE:IR)

Assenagon Asset Management S.A. decreased its position in Ingersoll Rand Inc. (NYSE:IR) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,625 shares of the industrial products company’s stock after selling 339 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Ingersoll Rand were worth $1,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Kanawha Capital Management LLC increased its position in Ingersoll Rand by 2.4% during the 3rd quarter. Kanawha Capital Management LLC now owns 5,096 shares of the industrial products company’s stock valued at $500,000 after purchasing an additional 119 shares during the period. Opal Wealth Advisors LLC increased its holdings in Ingersoll Rand by 6.0% during the third quarter. Opal Wealth Advisors LLC now owns 2,145 shares of the industrial products company’s stock valued at $211,000 after buying an additional 121 shares during the period. Asio Capital LLC raised its stake in Ingersoll Rand by 0.3% in the third quarter. Asio Capital LLC now owns 44,085 shares of the industrial products company’s stock worth $4,327,000 after buying an additional 133 shares in the last quarter. GHP Investment Advisors Inc. lifted its holdings in Ingersoll Rand by 5.4% during the third quarter. GHP Investment Advisors Inc. now owns 2,821 shares of the industrial products company’s stock worth $277,000 after buying an additional 144 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of Ingersoll Rand by 11.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,548 shares of the industrial products company’s stock worth $152,000 after acquiring an additional 153 shares in the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related 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 transaction of $246,620.64. Following the completion of the sale, the chief accounting officer now directly owns 11,910 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on IR shares. Barclays cut their price objective on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Cfra lifted their price target on Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Wells Fargo & Company cut their price objective on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Stifel Nicolaus downgraded Ingersoll Rand from a “buy” rating to a “hold” rating and decreased their target price for the stock from $112.00 to $107.00 in a report on Monday, November 18th. Finally, The Goldman Sachs Group upped their target price on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and an average target price of $106.50.

Ingersoll Rand Trading Down 0.1 %

Shares of IR opened at $94.18 on Friday. The firm’s fifty day moving average is $96.68 and its two-hundred day moving average is $95.77. The stock has a market cap of $37.96 billion, a PE ratio of 45.94, a price-to-earnings-growth ratio of 3.72 and a beta of 1.44. 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 52-week low of $78.61 and a 52-week high of $106.03.

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.