Park Avenue Securities LLC Increases Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Park Avenue Securities LLC increased its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,288 shares of the industrial products company’s stock after buying an additional 136 shares during the quarter. Park Avenue Securities LLC’s holdings in Ingersoll Rand were worth $388,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in Ingersoll Rand during the 3rd quarter worth $34,000. Eastern Bank purchased a new stake in shares of Ingersoll Rand in the third quarter worth about $42,000. Kimelman & Baird LLC acquired a new stake in shares of Ingersoll Rand in the second quarter valued at about $57,000. Princeton Global Asset Management LLC purchased a new stake in shares of Ingersoll Rand during the 3rd quarter valued at about $65,000. Finally, Versant Capital Management Inc lifted its position 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 worth $61,000 after purchasing an additional 589 shares in the last quarter. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on IR shares. Cfra lifted their target price on Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. The Goldman Sachs Group upped their price target on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Stifel Nicolaus dropped their target price on shares of Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating for the company in a research report on Friday. Robert W. Baird reduced their price target on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Finally, Wells Fargo & Company lowered their price objective on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $105.92.

Ingersoll Rand Price Performance

NYSE IR opened at $93.11 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71. The firm has a market capitalization of $37.53 billion, a price-to-earnings ratio of 45.42, a price-to-earnings-growth ratio of 3.73 and a beta of 1.44. The company has a 50 day simple moving average of $96.51 and a 200-day simple moving average of $95.76. Ingersoll Rand Inc. has a 52-week low of $78.69 and a 52-week high of $106.03.

Insiders Place Their Bets

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total value of $246,620.64. Following the completion of the sale, the chief accounting officer now directly owns 11,910 shares of the company’s stock, valued at $1,160,510.40. The trade was a 17.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.68% of the company’s stock.

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.