R Squared Ltd Invests $351,000 in Ingersoll Rand Inc. (NYSE:IR)

R Squared Ltd acquired a new stake in Ingersoll Rand Inc. (NYSE:IR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,880 shares of the industrial products company’s stock, valued at approximately $351,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Ingersoll Rand in the third quarter valued at $34,000. Eastern Bank acquired a new stake in Ingersoll Rand in the 3rd quarter valued at about $42,000. UMB Bank n.a. boosted its stake in shares of Ingersoll Rand by 27.0% in the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock valued at $54,000 after buying an additional 127 shares during the period. Kimelman & Baird LLC acquired a new position in shares of Ingersoll Rand during the second quarter worth about $57,000. Finally, Versant Capital Management Inc increased its stake 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 buying an additional 589 shares during the period. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IR has been the subject of several recent analyst reports. UBS Group started coverage on Ingersoll Rand in a research note on Wednesday, November 13th. They set a “buy” rating and a $124.00 target price for the company. Cfra upped their target price 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. Robert W. Baird reduced their price target on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. The Goldman Sachs Group raised their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Citigroup reduced their target price on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and an average target price of $105.92.

Ingersoll Rand Stock Down 1.1 %

Shares of IR opened at $90.88 on Wednesday. Ingersoll Rand Inc. has a fifty-two week low of $79.04 and a fifty-two week high of $106.03. The company’s fifty day moving average is $96.13 and its two-hundred day moving average is $95.78. The firm has a market cap of $36.63 billion, a PE ratio of 44.33, a price-to-earnings-growth ratio of 3.73 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.

Insider Buying and Selling at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 2,531 shares of the 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 completion of the sale, the chief accounting officer now 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 0.68% of the stock is currently owned by corporate insiders.

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.