Cooper Financial Group Has $580,000 Position in Ingersoll Rand Inc. (NYSE:IR)

Cooper Financial Group decreased its holdings in shares of Ingersoll Rand Inc. (NYSE:IR) by 13.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,415 shares of the industrial products company’s stock after selling 960 shares during the period. Cooper Financial Group’s holdings in Ingersoll Rand were worth $580,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in IR. Wedmont Private Capital increased its position in shares of Ingersoll Rand by 10.7% during the fourth quarter. Wedmont Private Capital now owns 6,119 shares of the industrial products company’s stock worth $532,000 after acquiring an additional 592 shares in the last quarter. Czech National Bank increased its holdings in Ingersoll Rand by 6.3% during the 4th quarter. Czech National Bank now owns 87,381 shares of the industrial products company’s stock worth $7,904,000 after purchasing an additional 5,187 shares in the last quarter. ST Germain D J Co. Inc. raised its stake in shares of Ingersoll Rand by 42.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 1,763 shares of the industrial products company’s stock worth $159,000 after purchasing an additional 528 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Ingersoll Rand by 3.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,549 shares of the industrial products company’s stock valued at $1,428,000 after purchasing an additional 441 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of Ingersoll Rand by 19.1% during the fourth quarter. Nordea Investment Management AB now owns 1,691,399 shares of the industrial products company’s stock valued at $153,867,000 after buying an additional 271,381 shares during the last quarter. 95.27% of the stock is owned by institutional investors.

Ingersoll Rand Stock Up 1.1 %

IR stock opened at $88.02 on Tuesday. The stock has a fifty day moving average of $98.23 and a 200-day moving average of $95.75. Ingersoll Rand Inc. has a fifty-two week low of $76.64 and a fifty-two week high of $106.03. The company has a market capitalization of $35.47 billion, a price-to-earnings ratio of 42.94, a PEG ratio of 3.84 and a beta of 1.44. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36.

Ingersoll Rand Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently commented on IR. Wells Fargo & Company lowered their price target on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Citigroup dropped their price target on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday. UBS Group started coverage on shares of Ingersoll Rand in a research report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price objective for the company. Stifel Nicolaus cut shares of Ingersoll Rand from a “buy” rating to a “hold” rating and dropped their target price for the stock from $112.00 to $107.00 in a research 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 report on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $106.50.

Insider Activity

In related news, CAO Michael J. Scheske sold 2,531 shares of the business’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 sale, the chief accounting officer now directly owns 11,910 shares in the company, valued at approximately $1,160,510.40. The trade was a 17.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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.