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

Aspire Private Capital LLC reduced its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 4.8% during the fourth quarter, Holdings Channel reports. The firm owned 3,594 shares of the industrial products company’s stock after selling 181 shares during the period. Aspire Private Capital LLC’s holdings in Ingersoll Rand were worth $325,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Ingersoll Rand during the third quarter valued at approximately $34,000. Eastern Bank purchased a new stake in shares of Ingersoll Rand during the 3rd quarter valued at $42,000. UMB Bank n.a. raised its stake in shares of Ingersoll Rand by 27.0% during the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 127 shares during the period. Kimelman & Baird LLC purchased a new position in shares of Ingersoll Rand in the 2nd quarter worth about $57,000. Finally, Princeton Global Asset Management LLC purchased a new position in Ingersoll Rand in the third quarter valued at about $65,000. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Ingersoll Rand Price Performance

Shares of NYSE:IR opened at $94.09 on Wednesday. Ingersoll Rand Inc. has a one year low of $78.36 and a one year high of $106.03. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.36 and a quick ratio of 1.71. The firm has a market capitalization of $37.92 billion, a price-to-earnings ratio of 45.90, a PEG ratio of 3.59 and a beta of 1.44. The company’s fifty day moving average price is $97.09 and its 200-day moving average price is $95.76.

Ingersoll Rand Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have issued reports on IR. UBS Group assumed coverage on Ingersoll Rand in a research report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 target price for the company. The Goldman Sachs Group lifted their target price on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Robert W. Baird cut their price objective 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. Barclays lowered their target price on shares of Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Finally, Cfra boosted their price objective on Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a research note on Friday, October 4th. 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $106.50.

Insider Transactions at Ingersoll Rand

In other Ingersoll Rand 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 sale, the chief accounting officer now directly owns 11,910 shares of the company’s stock, valued at $1,160,510.40. The trade was a 17.53 % decrease in their ownership of the stock. 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 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.