Asio Capital LLC Sells 907 Shares of Ingersoll Rand Inc. (NYSE:IR)

Asio Capital LLC lessened its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,178 shares of the industrial products company’s stock after selling 907 shares during the period. Asio Capital LLC’s holdings in Ingersoll Rand were worth $3,906,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in shares of Ingersoll Rand in the 3rd quarter valued at about $34,000. Eastern Bank bought a new stake in Ingersoll Rand during the 3rd quarter valued at $42,000. UMB Bank n.a. increased its holdings 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 acquiring an additional 127 shares during the period. Kimelman & Baird LLC purchased a new stake in shares of Ingersoll Rand during the 2nd quarter worth $57,000. Finally, Versant Capital Management Inc boosted its position in Ingersoll Rand by 654.4% during the fourth quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 589 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Insider Transactions at Ingersoll Rand

In related news, CAO Michael J. Scheske sold 2,531 shares of the business’s stock in a transaction 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. The trade was a 17.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.68% of the company’s stock.

Ingersoll Rand Price Performance

NYSE:IR opened at $93.11 on Friday. The firm’s fifty day moving average is $96.32 and its two-hundred day moving average is $95.77. The firm has a market cap of $37.53 billion, a price-to-earnings ratio of 45.42, a PEG ratio of 3.73 and a beta of 1.44. Ingersoll Rand Inc. has a one year low of $78.69 and a one year high of $106.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wells Fargo & Company reduced their target price 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. Stifel Nicolaus cut their price target on shares of Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating on the stock in a report on Friday. Cfra increased their price objective on Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a report on Friday, October 4th. The Goldman Sachs Group boosted their target price on Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Citigroup decreased their price target on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Ingersoll Rand has an average rating of “Moderate Buy” and an average price target of $105.92.

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.