Heartland Bank & Trust Co Has $722,000 Holdings in Ingersoll Rand Inc. (NYSE:IR)

Heartland Bank & Trust Co lowered its stake in shares of Ingersoll Rand Inc. (NYSE:IR) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,979 shares of the industrial products company’s stock after selling 284 shares during the quarter. Heartland Bank & Trust Co’s holdings in Ingersoll Rand were worth $722,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of Ingersoll Rand by 8.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 18,229,178 shares of the industrial products company’s stock worth $1,789,376,000 after purchasing an additional 1,462,538 shares in the last quarter. FMR LLC boosted its stake in Ingersoll Rand by 10.5% during the third quarter. FMR LLC now owns 16,152,094 shares of the industrial products company’s stock worth $1,585,489,000 after buying an additional 1,538,056 shares in the last quarter. State Street Corp increased its holdings in Ingersoll Rand by 0.7% in the 3rd quarter. State Street Corp now owns 15,776,908 shares of the industrial products company’s stock valued at $1,548,661,000 after buying an additional 112,824 shares during the period. Franklin Resources Inc. raised its stake in shares of Ingersoll Rand by 2.5% in the 3rd quarter. Franklin Resources Inc. now owns 11,597,321 shares of the industrial products company’s stock valued at $1,207,554,000 after buying an additional 278,710 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Ingersoll Rand by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 9,436,467 shares of the industrial products company’s stock valued at $923,087,000 after buying an additional 54,952 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Ingersoll Rand Trading Down 1.0 %

IR opened at $93.11 on Monday. The company has a current ratio of 2.36, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $37.53 billion, a PE ratio of 45.42, a PEG ratio of 3.73 and a beta of 1.44. Ingersoll Rand Inc. has a 1-year low of $78.69 and a 1-year high of $106.03. The firm has a 50-day moving average price of $96.32 and a two-hundred day moving average price of $95.81.

Analysts Set New Price Targets

A number of research firms recently weighed in on IR. UBS Group started coverage on shares of Ingersoll Rand in a research note on Wednesday, November 13th. They issued a “buy” rating and a $124.00 target price on the stock. Citigroup lowered their price objective on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Robert W. Baird decreased their price target on Ingersoll Rand from $114.00 to $109.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Cfra upped their price target on Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Finally, Stifel Nicolaus cut their price objective on Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating for the company in a report on Friday. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $105.92.

Insider Activity

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total transaction of $246,620.64. Following the completion of the sale, the chief accounting officer now directly owns 11,910 shares of the company’s stock, valued at approximately $1,160,510.40. The trade was a 17.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.68% of the stock is 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.