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

Heartland Bank & Trust Co reduced its stake in Ingersoll Rand Inc. (NYSE:IR) by 3.4% during the 4th quarter, Holdings Channel reports. The firm owned 7,979 shares of the industrial products company’s stock after selling 284 shares during the period. Heartland Bank & Trust Co’s holdings in Ingersoll Rand were worth $722,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In related news, CAO Michael J. Scheske sold 2,531 shares of the firm’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 of the company’s stock, valued at approximately $1,160,510.40. This trade represents a 17.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.68% of the company’s stock.

Ingersoll Rand Stock Performance

Shares of IR stock opened at $93.11 on Monday. The firm has a market cap of $37.53 billion, a PE ratio of 45.42, a P/E/G ratio of 3.73 and a beta of 1.44. Ingersoll Rand Inc. has a 12 month low of $78.69 and a 12 month high of $106.03. The company’s fifty day simple moving average is $96.32 and its 200-day simple moving average is $95.81. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on IR. Cfra boosted their price target on shares of Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a report on Friday, October 4th. UBS Group began coverage on Ingersoll Rand in a report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price target for the company. Stifel Nicolaus dropped their price target on Ingersoll Rand from $107.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday. The Goldman Sachs Group boosted their price objective on Ingersoll Rand from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company lowered their target price on Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ingersoll Rand presently has an average rating of “Moderate Buy” and an average target price of $105.92.

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.