Carderock Capital Management Inc. Has $6.34 Million Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Carderock Capital Management Inc. lowered its position in Ingersoll Rand Inc. (NYSE:IR) by 3.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 70,034 shares of the industrial products company’s stock after selling 2,603 shares during the period. Carderock Capital Management Inc.’s holdings in Ingersoll Rand were worth $6,335,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Kanawha Capital Management LLC raised its position in Ingersoll Rand by 2.4% in the third quarter. Kanawha Capital Management LLC now owns 5,096 shares of the industrial products company’s stock worth $500,000 after purchasing an additional 119 shares in the last quarter. Opal Wealth Advisors LLC raised its holdings in shares of Ingersoll Rand by 6.0% in the 3rd quarter. Opal Wealth Advisors LLC now owns 2,145 shares of the industrial products company’s stock worth $211,000 after buying an additional 121 shares in the last quarter. RDA Financial Network boosted its stake in Ingersoll Rand by 3.1% in the 4th quarter. RDA Financial Network now owns 4,324 shares of the industrial products company’s stock valued at $391,000 after buying an additional 128 shares in the last quarter. Asio Capital LLC grew its position in Ingersoll Rand by 0.3% in the third quarter. Asio Capital LLC now owns 44,085 shares of the industrial products company’s stock valued at $4,327,000 after acquiring an additional 133 shares during the period. Finally, Park Avenue Securities LLC raised its stake in Ingersoll Rand by 3.3% during the fourth quarter. Park Avenue Securities LLC now owns 4,288 shares of the industrial products company’s stock worth $388,000 after acquiring an additional 136 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on IR shares. Wolfe Research raised shares of Ingersoll Rand to a “hold” rating in a report on Friday, September 20th. Wells Fargo & Company dropped their price objective on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. UBS Group initiated coverage on Ingersoll Rand in a report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 target price on the stock. Citigroup dropped their price target on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Stifel Nicolaus lowered Ingersoll Rand from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $112.00 to $107.00 in a research note on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Ingersoll Rand has a consensus rating of “Moderate Buy” and an average target price of $106.50.

Ingersoll Rand Price Performance

Ingersoll Rand stock opened at $91.90 on Friday. The stock has a market cap of $37.04 billion, a price-to-earnings ratio of 44.83, a P/E/G ratio of 3.17 and a beta of 1.44. Ingersoll Rand Inc. has a 12-month low of $77.16 and a 12-month high of $106.03. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46. The business’s 50-day simple moving average is $97.56 and its 200 day simple moving average is $95.67.

Ingersoll Rand Dividend Announcement

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

Insider Buying and Selling

In other Ingersoll Rand 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 transaction, the chief accounting officer now owns 11,910 shares of the company’s stock, valued at approximately $1,160,510.40. This represents a 17.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.68% of the stock is currently owned by insiders.

About Ingersoll Rand

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.