Clarendon Private LLC Takes Position in Ingersoll Rand Inc. (NYSE:IR)

Clarendon Private LLC bought a new stake in Ingersoll Rand Inc. (NYSE:IR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,022 shares of the industrial products company’s stock, valued at approximately $635,000.

Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in shares of Ingersoll Rand in the 3rd quarter valued at approximately $34,000. Eastern Bank acquired a new stake in Ingersoll Rand in the third quarter valued at $42,000. UMB Bank n.a. boosted its stake in Ingersoll Rand by 27.0% during the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 127 shares during the last quarter. Kimelman & Baird LLC acquired a new position in Ingersoll Rand during the 2nd quarter worth $57,000. Finally, Versant Capital Management Inc increased its position in shares of Ingersoll Rand by 654.4% in the 4th 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 during the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on IR. Barclays decreased their price target on Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. UBS Group assumed coverage on Ingersoll Rand in a report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price target for the company. Citigroup decreased their price objective on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 13th. Stifel Nicolaus dropped their target price on shares of Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating on the stock in a report on Friday. Finally, Cfra lifted their price target on shares of Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a report on Friday, October 4th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $105.92.

Ingersoll Rand Stock Performance

Shares of IR stock opened at $93.11 on Friday. The business has a 50 day simple moving average of $96.32 and a 200 day simple moving average of $95.77. 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. Ingersoll Rand Inc. has a 12-month low of $78.69 and a 12-month high of $106.03.

Insider Transactions at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 2,531 shares of the 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 transaction, the chief accounting officer now directly owns 11,910 shares in the company, valued at $1,160,510.40. This trade represents a 17.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company 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.