Aspire Private Capital LLC Sells 181 Shares of Ingersoll Rand Inc. (NYSE:IR)

Aspire Private Capital LLC cut its position in Ingersoll Rand Inc. (NYSE:IR) by 4.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,594 shares of the industrial products company’s stock after selling 181 shares during the quarter. Aspire Private Capital LLC’s holdings in Ingersoll Rand were worth $325,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in IR. Atomi Financial Group Inc. bought a new stake in Ingersoll Rand during the fourth quarter worth $226,000. Clear Harbor Asset Management LLC raised its holdings in shares of Ingersoll Rand by 11.2% during the 4th quarter. Clear Harbor Asset Management LLC now owns 3,914 shares of the industrial products company’s stock worth $354,000 after buying an additional 395 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Ingersoll Rand by 2.3% during the 4th quarter. Ballentine Partners LLC now owns 13,174 shares of the industrial products company’s stock worth $1,192,000 after buying an additional 290 shares during the last quarter. UMB Bank n.a. boosted its stake in Ingersoll Rand by 27.0% in the fourth 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 in the last quarter. Finally, BNC Wealth Management LLC grew its position in Ingersoll Rand by 10.8% in the fourth quarter. BNC Wealth Management LLC now owns 27,422 shares of the industrial products company’s stock valued at $2,481,000 after acquiring an additional 2,676 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.

Ingersoll Rand Stock Performance

NYSE:IR opened at $94.09 on Wednesday. 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 firm has a market capitalization of $37.92 billion, a P/E ratio of 45.90, a P/E/G ratio of 3.59 and a beta of 1.44. The company has a fifty day moving average of $97.09 and a 200-day moving average of $95.76. Ingersoll Rand Inc. has a twelve month low of $78.36 and a twelve month high of $106.03.

Ingersoll Rand Announces Dividend

The company 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 of this dividend was Thursday, November 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. Ingersoll Rand’s dividend payout ratio is presently 3.90%.

Analysts Set New Price Targets

A number of research firms have recently commented on IR. Cfra increased their target price on shares of Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a report on Friday, October 4th. The Goldman Sachs Group raised their target price on shares of Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Robert W. Baird lowered their price target on shares of Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Wells Fargo & Company cut their price objective on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Finally, Barclays lowered their target price on Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Ingersoll Rand has an average rating of “Moderate Buy” and a consensus price target of $106.50.

Insider Activity at Ingersoll Rand

In other news, CAO Michael J. Scheske sold 2,531 shares of Ingersoll Rand stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.