Janney Montgomery Scott LLC Grows Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Janney Montgomery Scott LLC raised its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 84,347 shares of the industrial products company’s stock after acquiring an additional 1,542 shares during the period. Janney Montgomery Scott LLC’s holdings in Ingersoll Rand were worth $7,630,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board boosted its holdings in shares of Ingersoll Rand by 73.4% in the second quarter. Public Sector Pension Investment Board now owns 15,470 shares of the industrial products company’s stock valued at $1,405,000 after acquiring an additional 6,549 shares in the last quarter. Creative Planning lifted its position in Ingersoll Rand by 9.0% in the second quarter. Creative Planning now owns 66,160 shares of the industrial products company’s stock valued at $6,010,000 after purchasing an additional 5,458 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Ingersoll Rand by 2.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,871 shares of the industrial products company’s stock valued at $1,533,000 after purchasing an additional 382 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in Ingersoll Rand by 15.9% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 3,606 shares of the industrial products company’s stock worth $328,000 after purchasing an additional 494 shares during the period. Finally, Kimelman & Baird LLC purchased a new position in shares of Ingersoll Rand during the 2nd quarter worth approximately $57,000. 95.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Citigroup decreased their price target on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Barclays lowered their target price on Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company cut their price target on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Stifel Nicolaus lowered their price objective on shares of Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. Finally, Cfra lifted their target price on shares of Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $105.92.

Ingersoll Rand Stock Down 1.1 %

Shares of Ingersoll Rand stock opened at $90.88 on Wednesday. Ingersoll Rand Inc. has a twelve month low of $79.04 and a twelve month high of $106.03. The stock has a market cap of $36.63 billion, a price-to-earnings ratio of 44.33, a price-to-earnings-growth ratio of 3.73 and a beta of 1.44. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average price of $96.13 and a 200 day moving average price of $95.78.

Insider Activity

In related news, CAO Michael J. Scheske sold 2,531 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total value of $246,620.64. Following the transaction, the chief accounting officer now owns 11,910 shares in the company, valued at approximately $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 can be accessed through this link. 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.