Running Oak Capital LLC Acquires 4,230 Shares of Ingersoll Rand Inc. (NYSE:IR)

Running Oak Capital LLC grew its holdings in Ingersoll Rand Inc. (NYSE:IR) by 3.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 145,304 shares of the industrial products company’s stock after purchasing an additional 4,230 shares during the period. Running Oak Capital LLC’s holdings in Ingersoll Rand were worth $13,144,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IR. Tributary Capital Management LLC bought a new position in Ingersoll Rand in the 4th quarter valued at approximately $226,000. Linden Thomas Advisory Services LLC lifted its stake in shares of Ingersoll Rand by 7.5% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 15,194 shares of the industrial products company’s stock valued at $1,374,000 after acquiring an additional 1,064 shares during the last quarter. CX Institutional boosted its holdings in shares of Ingersoll Rand by 6.7% during the 4th quarter. CX Institutional now owns 2,740 shares of the industrial products company’s stock valued at $248,000 after acquiring an additional 171 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its position in Ingersoll Rand by 2.5% during the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 347,772 shares of the industrial products company’s stock worth $31,480,000 after acquiring an additional 8,453 shares during the last quarter. Finally, Trust Co. of Oklahoma increased its holdings in Ingersoll Rand by 7.7% in the 4th quarter. Trust Co. of Oklahoma now owns 8,578 shares of the industrial products company’s stock worth $776,000 after purchasing an additional 614 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Ingersoll Rand Price Performance

Shares of IR opened at $93.11 on Friday. The firm has a market cap of $37.53 billion, a PE ratio of 45.42, a price-to-earnings-growth ratio of 3.73 and a beta of 1.44. Ingersoll Rand Inc. has a 52-week low of $78.69 and a 52-week 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. The business’s 50 day moving average price is $96.32 and its two-hundred day moving average price is $95.77.

Insider Activity at Ingersoll Rand

In related 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 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.68% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

IR has been the topic of several research reports. Citigroup reduced their price target on Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group upped their price target 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. Cfra boosted their price objective on shares of Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. 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 report on Tuesday, January 7th. Finally, UBS Group started coverage on Ingersoll Rand in a research report on Wednesday, November 13th. They issued a “buy” rating and a $124.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.